Business news from Ukraine

Business news from Ukraine

Exports from Ukraine by sea and river transport increased by 70.7% in November

4 December , 2023  

Exports from Ukraine by sea and river transport in November increased by 70.7% compared to October, to 5.905 million tons, according to the State Customs Service, First Vice Prime Minister and Minister of Economy Yulia Svyrydenko posted on Facebook.
According to the data, imports by this mode of transport also increased last month, but not as significantly – by 8.2%, to 495.2 thousand tons.
Exports by rail in November decreased by 17.9% to 2.535 million tons, while imports increased by 10.6% to 561.3 thousand tons.
Due to the blockade of Polish carriers, exports by road fell by 26.7% to 783 thousand tons last month, while imports fell by 23.5% to 967.1 thousand tons.
In total, exports from Ukraine in November increased by 21.2% to 9.232 million tons, while imports decreased by 6.4% to 2.169 million tons.
However, in monetary terms, export growth last month was not as significant, up 9.6% to $2.896 billion, as the specific value of automotive exports is significantly higher than that of maritime exports.
For the same reason, in monetary terms, imports fell by 10.7% to $4.676 billion in November, which somewhat improved the situation with Ukraine’s negative trade balance, which had been expanding strongly earlier this year.

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