Ukraine’s foreign trade deficit in goods increased 55.6% to $2.34 billion in January 2025 from $1.5 billion in January 2024, Ukrainian media said, citing the State Statistics Service. Exports of goods from Ukraine dropped 11.5% year-on-year to $3.18 billion in January 2025, while imports rose 8.2% to $5.51 billion, the State Statistics Service said. Ukraine’s … Read more
Ukraine’s exports of rolled metal products plummeted between 2021 and 2024, Deputy Economy Minister and Trade Representative Taras Kachka said. The top three commodity groups where exports saw the largest declines in terms of value over those four years also include iron ores and iron concentrates (-$4.1 billion) and semi-finished steel products (-$3.17 billion), Ukrainian … Read more
The Ukrainian agricultural sector will export a maximum of 20% of its total output to the European market after Ukraine becomes a European Union member, with the rest going to traditional markets for Ukrainian agricultural products, Ukrainian Agri Council head Andrei Dikun said in an interview with local media. Dikun said he is certain that … Read more
The agriculture ministers of Hungary, Bulgaria, Romania and Slovakia have urged the European Commission to reinstate pre-crisis quotas upon the expiry of autonomous trade measures for Ukrainian agricultural products, Ukrainian media said, citing a statement by Hungarian Agriculture Minister Istvan Nagy on a social network. “There are things we do not allow. We protect the … Read more
Ukraine’s trade deficit in goods grew 6% in 2024 compared to 2023, from $27.384 billion to $29.018 billion, Ukrainian media reported, citing the State Statistics Service (Gosstat). According to the data, Ukraine’s exports of goods increased 15.3% year-on-year in 2024 to $41.733 billion while imports rose 11.3% to $70.751 billion. The seasonally adjusted export volume … Read more
Kiev and Ankara are interested in expanding bilateral trade and aim to increase mutual trade from $6.2 billion in 2024 to $10 billion, Ukrainian First Deputy Prime Minister and Economy Minister Yulia Sviridenko said following a meeting with Turkish Trade Minister Omer Bolat. “Last year, imports from Ukraine to Turkey totaled $2 billion, and the … Read more
The United States Department of Agriculture (USDA) has reduced its forecast for Ukraine’s grain production by 13% and for exports by 26% due to exhausted stocks in the country, Ukrainian media reported, citing the USDA. According to the February forecast, the country’s final grain stocks in the 2024-2025 marketing year (MY, July 2024 – June … Read more
Exports of Ukrainian goods by value stood at $3.1 billion and at 6.6 million tonnes by volume in January 2025, plunging by nearly 50% from the 12 million tonnes recorded in January 2024, Ukrainian media outlets cited First Deputy Prime Minister and Economy Minister Yulia Sviridenko as saying on social media. “Logistics remains critically important, … Read more
According to Ukrainian Agrarian Policy and Food Minister Vitaly Koval, another $1 billion is needed to expand the powers of the Export Credit Agency in insuring exports of grain crops and commodities.
As he said at the Grain Storage Forum in Kiev, the estimates were based on $200 per 5 million tonnes, which makes it $1 billion in total.
According to Koval, the government are exploring options of every existent institution and will be searching for additional funds to insure risks in agricultural exports and to enable Ukraine to draw the funds on international platforms in order to accumulate the money and increase agricultural exports.
Ukrainian agriculture’s limited access to cheap loans had also been admitted by Koval.
He said that an enterprise engaged in production and trade is underfunded, as loans account for only 9% (slightly more than UAH 100 billion) out of the total worth of Ukraine’s agricultural products (about UAH1.2 trillion).
Koval said that the global level of sufficient lending is 50%, and it stands at 202% of the gross domestic product in the United States. He also expressed great hopes on foreign assistance.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.
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As Georgian Prime Minister Irakli Kobakhidze said on Wednesday, the Government’s “ambitious” task was restoring the country’s connectivity and transit function. He also highlighted the importance of deepening trade and economic ties with Kazakhstan as part of the effort.
A range of projects aimed at enhancing economic cooperation had been discussed during his meeting with his Kazakh counterpart Oljas Bektenov earlier today.
Kazakh government’s “firm decision” to enhance regional connectivity and “systematically” improve its infrastructure and conditions was also expressed and Georgia’s “significant” role in this process was emphasized during the meeting.
Satisfaction with the “active” cooperation between the two countries in developing the Trans-Caspian International Transport Route was expressed.
As Bektenov said, cargo traffic along this corridor has increased by 62 percent, reaching 4.5 million tonnes, over the past year.
He added that both countries serve as vital links in transcontinental transport corridors, offering efficient routes that connect Europe to China and Southeast Asia.
NH Logistics GEO has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Georgia and Eurasia, supporting many clients with their import/export shipments.
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