Business news from Ukraine

Business news from Ukraine

Imports of passenger cars to Ukraine in 2024 increased by 8% to $4.4 bln

In 2024, imports of passenger cars, including cargo and passenger vans and racing cars (UKT FEA code 8703), increased by 8% in monetary terms compared to 2023, to $4.385 billion.

According to customs statistics released by the State Customs Service of Ukraine, the top three countries from which cars were imported the most were the United States, Germany and Japan, as in the previous year, while imports of cars from the United States increased by 13.2% to $817.9 million, and their share in the structure of car imports was 18.65% compared to 17.78% a year earlier.

Cars from Germany, whose share in the structure of imports decreased by 0.32 percentage points to 15.56%, were imported for $682.16 million (5.8% more), and the share of cars from Japan decreased to 11.3% from 13.9% a year earlier – they were imported for $495.71 million (12% less).

Imports of passenger cars from other countries amounted to $2.389 billion (54.5% share), while a year earlier it was $2.131 billion (52.47%).

According to the statistics of the State Customs Service, in December, imports of passenger vehicles to Ukraine amounted to $389.67 million, which is 3.5% more than in December 2023.

At the same time, last year Ukraine exported such vehicles for $10.1 million, while a year earlier – for $27.9 million, while most often they were supplied to Canada (for $1.82 million), the United States ($1.79 million) and Germany ($1.54 million), while in 2023 – to Georgia, the UAE and Germany.

As reported, in 2024, a total of $25 billion worth of machinery, equipment, and transport was imported to Ukraine, compared to $19.8 billion a year earlier, and $3.5 billion ($2.9 billion) worth of exports.

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Last year Ukraine almost 3-fold increased coal imports

Ukraine in 2024 increased imports of coal and anthracite (HS code 2701) in 2.7 times (by 1 million 145.951 thousand tons) compared to 2023 – up to 1 million 812.592 thousand tons.

According to the State Customs Service, coal was imported for $402.219 million, which is 2.2 times more than in 2023 ($185.378 million).

From the United States came coal worth $98.868 million (share – 24.58%), Australia – $97.794 million (24.31%), Czech Republic – $69.527 million (17.29%), other countries – $136.03 million (33.82%).

Ukraine’s coal exports in 2024 decreased 1.7 times (by 273.353 thousand tons) – to 397.324 thousand tons, in value terms it fell 4.7 times (by $136.325 million) – to $36.366 million,

Including coal shipped to Swedish counterparties for $14.776 mln, to Indian counterparties for $10.421 mln, to Italian counterparties for $5.487 mln, and to others for $5.682 mln.

As reported, Ukraine in 2022 reduced imports of coal and anthracite in 4.2 times (by 14 million 932.904 thousand tons) compared to 2021 – to 4 million 630.144 thousand tons. Coal was imported for $1 billion 179.113 million, which is 2.1 times less than in 2021 ($2 billion 488.698 million).

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Ukraine almost doubled exports of iron ore in 2024

In 2024, Ukrainian mining companies increased exports of iron ore in physical terms by 89.8% year-on-year to 33 million 699.722 thousand tons.

According to the statistics released by the State Customs Service, foreign exchange earnings from iron ore exports increased by 58.7% to $2 billion 803.223 million in the period under review.

Exports of iron ore were carried out mainly to China (36.47% of supplies in monetary terms), Poland (17.27%) and Slovakia (17.15%).

In 2024, Ukraine imported iron ore for $414 thousand in a total volume of 2,042 thousand tons, while in 2023, 250 tons of this raw material were imported for $135 thousand. Imports in 2024 were carried out from Poland (49.64%), the Netherlands (22.89%) and Norway (13.49%).

As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).

Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.

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National Securities Commission of Ukraine has expanded list of unreliable investment projects

The National Securities and Stock Market Commission (NSCMC) has added the trader training platform DoubleCase, the resource Hug’s (Spy LLC) of the famous financier Eric Nyman and six more cases to the list of unreliable investment projects.

“We remind potential investors of the significant risks associated with investing: due to persons whose activities on the territory of Ukraine are in no way regulated, persons indicating false information about licensed and allegedly official activities in countries with developed financial markets,” – stressed the Commission.

According to the data released on the website of the Commission, the list includes trading platforms E8 Markets, Rocket Options Pro, Pocket Broker, Bino Trade, AirMarkets, mining platform Gomining.

Thus, the total number of projects on the list reached 345, their full list is available on the official website of the SECP in the section “Protection of Investors’ Rights”.

Nayman told Economic Pravda that the Commission’s request to respond within five days to the questions was received only on January 8. In his opinion, no license is needed to conduct information courses, so the regulator’s decision is unreasonable.

The financier added that if the real reason for the claims is his high-profile posts in Facabook, then let the SEC address them directly to him, and not to Spy LLC.

According to the information on Double Case’s website, it has been operating in the market since 2004, and since 2008 it decided to focus on the educational sphere. Since 2021, the company has significantly expanded its presence and now has three offices each in Kiev and Chisinau and two each in Odessa and Lviv, and its clients can work through broker Pelliron Universal Inc.

 

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Almost 65 thousand criminal proceedings for fraud were opened in Ukraine in 2024

However, this is still almost three times more than before the start of the full-scale

Almost 65 thousand criminal proceedings under Art. 190 of the Criminal Code of Ukraine “Fraud” were opened in 2024, according to the PGO. This is 21% less than in 2023. However, it is still 2.7 times more than before the full-scale crackdown. Almost every fourth case goes to court.

64,978 fraud cases were opened last year. This is 21% less than in 2023. A record number of 82,609 cases were opened then.

It is worth noting that last year the number of fraud cases decreased by 2.4 times. While in the first quarter, on average, about 8,000 such proceedings were opened per month, in the last quarter, only 3,300 were opened.

The solving of such cases has also improved: 15,607 cases went to court last year. This is 24% of the total number of cases opened last year. For comparison, in 2022 and 2023, this figure was only 18%.

https://opendatabot.ua/analytics/fraud-2024-12

Exports of ferrous metals from Ukraine increased by 17% in 2024

In 2024, Ukraine’s metallurgical enterprises increased revenues from ferrous metal exports by 16.9% year-on-year to $3 billion 96.343 million.

According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.42% of total export revenues in this period, compared to 7.32% in 2023.

In December, revenues from exports of ferrous metals amounted to $223.772 million, while in the previous month – $207.343 million.

At the same time, Ukraine increased imports of similar products by 13.1% to $1 billion 478.814 million last year. In December, the country imported products worth $108.227 million.

In addition, in 2024, Ukraine increased exports of metal products by 7.6% to $944.683 million. In December, they were exported for $73.676 million.

Imports of metal products increased by 14.9% to $1 billion 37.051 million during this period. In December, these products were imported for $76.205 million.

As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from exports of goods in this period, compared to 10.3% in 2022. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.05 million.

In addition, in 2023, Ukraine decreased exports of metal products by 16.6% year-on-year to $877.92 million, while imports of metal products increased by 40.3% to $902.57 million.

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