Business news from Ukraine

Business news from Ukraine

Exports of Ukrainian medicines reached $33.5 mln in two months

In January-February, Ukraine exported $33.534 million worth of dosed or packaged medicines for retail sale.

As reported by the State Customs Service (SCS) on Tuesday, exports of medicines for retail sale to Lithuania amounted to $7.764 million, to Uzbekistan – $6.799 million, and to Iraq – $2.901 million.

At the same time, according to the State Medical Service, imports of packaged/dosed medicines for retail trade amounted to $312.316 million during the same period.

In particular, in January-February, Ukraine imported $60.618 million worth of medicines for retail sale from Germany, $26.157 million from India, and $24.284 million from Turkey.

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Trump: Both Russia and China interested in establishing relations with United States

Both Russia and China are interested in establishing relations with the United States, US President Donald Trump said on Fox News’ The Ingraham Angle on Tuesday.

Asked by the host if it was possible to believe that Putin really wants this, while he is influenced by “his close friend, President Xi of China,” Trump replied that “we have our own discussions with President Xi of China, and he also wants to make a deal and we want to make a deal with him. And we will do that.”

Trump blamed the Barack Obama administration for the rapprochement between Russia and China.

“Obama really forced them together through energy and bad energy policy. And when he did so many different things, he forced (them) into a marriage that should never have happened. Because it’s unnatural. And for one reason: Russia has a huge territory, a lot of land, and China doesn’t have enough land. Russia has a much smaller population than China. And it’s natural, it’s always been a natural hostile situation,” Trump said.

“Maybe they’re friendly now, but we’re going to be friendly with both of them. I think we will be friendly with both. China desperately needs us in terms of trade, but we have to equalize the deficit,” he added.

“I think President Xi would like to reach an agreement, and I think Russia would like to reach an agreement with the United States,” Trump summarized.

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India bought more than $2 bln worth of gold in February

India imported $2.338 billion worth of gold in February 2025, according to the country’s Ministry of Commerce and Industry. This is 62% less than in February last year and 13% less than in January this year.

In general, for 2 months of the year, gold imports to India amounted to $5.025 billion, which is 38% less than the result of the corresponding period last year.

In 2024, according to the Ministry, India imported 812 tons of gold worth $58.096 billion. India is one of the largest consumers of gold in the world, producing almost no gold itself.

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First container of Serbian goods shipped to China

The first container of Serbian goods was shipped to China on Friday as part of the Free Trade Agreement between the two countries, according to the Serbian government website. The container contains products from local companies such as Pionir, Akov, Fruskogorski Vinograd, Vinarija Aleksić, Nutrino, Nash Med, Zarić Rakija, Budimka, and Damar. The transportation was organized by the Milšped company from Krnoševac, near Stara Pazova.

The Minister of Economy Adriana Mesarović noted that this is the result of the hard work of Serbian entrepreneurs, government agencies and Chinese partners, as well as confirmation of the “steel friendship” between China and Serbia. She emphasized that Chinese retailers, importers and distributors have expressed their willingness to accept Serbian products in a market of 1.4 billion consumers.

Chinese Ambassador to Serbia Li Ming said that thanks to the Free Trade Agreement, which entered into force on July 1, 2024, Serbia became China’s first partner in Central and Eastern Europe with such an agreement. He noted that since the agreement came into force, Serbia’s exports to China have increased by 53.7%, and more and more Serbian wines and dairy products are appearing on Chinese tables.

The free trade agreement covers 10,412 Serbian and 8,930 Chinese products. From the first day of application, 60% of the goods were exempted from duties, and over the next five to ten years, another 30% of products will be exempted from customs duties.

Source: https://t.me/relocationrs/633

 

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Exports of carbon steel semi-finished products down 45% in 2025

In January-February this year, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 44.9% year-on-year to 200,696 thousand tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, exports of carbon steel semi-finished products fell by 47% to $92.752 million in monetary terms.

The main exports were made to Bulgaria (40.00% of supplies in monetary terms), Turkey (25.10%) and Egypt (10.78%).

In the period under review, Ukraine imported 2.544 thousand tons of semi-finished products worth $2.043 million from the Czech Republic (94.42%) and Italy (5.58%), with all deliveries occurring in February.

As reported, in 2024, Ukraine increased exports of semi-finished carbon steel products in physical terms by 56.7% compared to 2023 – up to 1 million 886.090 thousand tons, while revenue in monetary terms increased by 52.4% to $927.554 million. The main exports were made to Bulgaria (32.06% of supplies in monetary terms), Egypt (18.50%) and Turkey (11.14%).

In 2024, Ukraine imported 306 tons of semi-finished products worth $278 thousand from the Czech Republic (88.13%), Romania (7.19%), and Poland (2.88%), while in 2023 it imported 96 tons worth $172 thousand.

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Exports of scrap metal from Ukraine increased by 1.6% in January-February

Ukrainian companies increased exports of ferrous scrap by 1.55% year-on-year to 40,980 thousand tons from 40,354 thousand tons in January-February this year.

According to statistics released by the State Customs Service (SCS) on Tuesday, 25,284 thousand tons of scrap were exported in February, up 61% from 15,696 thousand tons in the previous month.

In monetary terms, the export of scrap metal in January-February decreased by 8.4% to $11.816 million from $12.903 million.

Exports of scrap metal in the period under review were mainly to Poland (93.24% of supplies in monetary terms), Bulgaria (4.32%) and Germany (2.20%).

In the first two months of the year, Ukraine imported 3 tons of scrap metal per $1 thousand from the British Virgin Islands, with deliveries taking place in January.

As reported, in 2024, Ukraine’s scrap collecting enterprises increased exports of ferrous scrap by 60.7% compared to 2023 – up to 293,190 thousand tons from 182,465 thousand tons. In monetary terms, the export of scrap metal increased by 73.2% to $91.311 million from $52.723 million over the year. Last year, scrap metal was exported mainly to Poland (81.80%), Greece (13.75%) and Germany (3.19%).

Last year, Ukraine imported 104 tons of scrap metal worth $110 thousand, mainly from Turkey (64.55% in monetary terms), the British Virgin Islands (16.36%) and Panama (8.18%), while the previous year the country imported 1,075 thousand tons worth $411 thousand.

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