Business news from Ukraine

Exports through Ukrainian Sea Corridor reached 20 mln tons

4 February , 2024  

Since August 2023, the Ukrainian Sea Corridor, created by the Ukrainian Navy, has exported almost 20 million tons of products, including 14.3 million tons of agricultural products, the Ministry of Communities, Territories and Infrastructure reported, citing data from Deputy Prime Minister for Reconstruction of Ukraine Oleksandr Kubrakov.

“During the six months of the Ukrainian corridor’s operation, 661 vessels exported more than 20 million tons of cargo to 32 countries,” the Ministry said in a Facebook post on Saturday.

In January, 6.3 million tons were exported from the ports of Greater Odesa, almost equal to the pre-war level, the report says.

Another 104 ships are expected to arrive, which should export more than 3 million tons of cargo.

Earlier it was reported that exports through the Ukrainian sea corridor reached 15 million tons. Exports via the new Ukrainian corridor amounted to 6.08 million tons in September-November: 0.28 million tons in September, 2 million tons in October, and 3.8 million tons in November. The Ministry had predicted that in December exports could reach 5 million tons, but according to Kubrakov, in December they were close to 7 million tons.

It was noted that in November, the number of vessels increased to 110 from 52 in October and 5 in September, and the total for the three months was 167.

In the Black Sea Grain Initiative (BSGI), which operated earlier, the peak ship passages were 176-180 per month in September-October 2022, and exports were 3.8-4.2 million tons per month.