The deficit of Ukraine’s foreign trade in goods in January-July 2020 decreased by 57.3% compared to January-July 2019, to $2.120 billion from $ 4.968 billion, the State Statistics Service has reported.
According to it, export of goods from Ukraine for the reporting period compared to the same period in 2019 decreased by 7.3%, to $ 26.630 billion, import by 14.7%, to $28.750 billion.
The State Statistics Service clarifies that in July compared to June 2020, the seasonally adjusted volume of exports rose by 3.6%, to $3.660 billion, imports by 2%, to $4.373 billion.
The seasonally adjusted foreign trade balance in July 2020 was also negative and amounted to $713.2 million, which is better than in the previous month ($751.2 million). The coefficient of coverage of import by export in January-July of this year amounted to 0.93 (in January-July 2019 some 0.85).
The State Statistics Service specified that foreign trade operations were carried out with partners from 221 countries of the world.
President of Ukraine Volodymyr Zelensky during a working visit to Odesa region was informed on the implementation of the project of reconstruction and construction of the Odesa International Airport airfield complex, the president’s press office announced.
Minister of Infrastructure Vladyslav Krykliy noted that the new runway of Odesa airport is 2,800 meters in length and 45 meters in width. The new airfield will allow to accommodate airplanes in category D designated for mid- and long-duration flights, in particular, Boeing-747-400/800, in category III ICAO and other aircraft with a capacity up to 300 passengers. The overall cost of the aerodrome reconstruction project totals UAH 3.9 billion.
The minister added that the new runway will allow Odesa airport to receive more than 2 million passengers a year, a new taxi strip, when constructed, to receive more than 5 million.
Zelensky inquired if there was a passenger demand for the construction of a new airport strip.
“There is a demand, of course, because Odesa is a tourist city, it is developing. This year, the Travel Ukraine program was launched, and Odesa airport accepted too many passengers, even despite COVID-19 challenges we face today,” Krykliy said.
Interpipe, an international vertically integrated pipe and wheel company, based on the results of activities in the second quarter of this year is expected to reduce revenue by 16% compared to the previous quarter, to $ 212 million, EBITDA by 44%, to about $ 48 million.
“We expect Interpipe’s Q2, 2020 EBITDA to amount to about $ 48 million, a 44% quarter-over-quarter plunge. Contributions to Q2, 2020 EBITDA by segment (before reallocation of steel segment EBITDA) are expected to be as follows: negative $ 5 million from pipes (flat quarter-over-quarter), $ 38 million from railway products (a 45% plunge quarter-over-quarter), and $ 15 million from steel (26% less quarter-over-quarter),” according to the estimate of Dmytro Khoroshun, an analyst from Concorde Capital, published in the investment company’s bulletin.
“Revenue from seamless pipe sales should have inched up 3% quarter-over-quarter, to about $ 104 million in Q2, 2020, driven by a 6% increase in sales volumes to 103,000 tonnes, offset by a 3% drop in average sales price to $ 1,015/tonne,” the report says.
“We estimate revenue from welded pipe sales will jump 49% quarter-over-quarter in Q2, 2020, to $ 16 million, due to a 43% gain in volume to 22,000 tonnes and a 4% rise in price to $ 746/tonne,” according to the document.
“We calculate Interpipe’s railway product segment revenue will plunge 34% quarter-over-quarter, to $ 84 million in 2Q20, as a 20% drop in sales volume to 46,000 tonnes will be exacerbated by a 17% drop in price to $ 1,822/tonne,” the expert said.
Ukraine increased the import of nickel ore and concentrate by 30% in January-August 2020 compared to the same period in 2019, to 1.12 million tonnes.
According to statistics released by the State Customs Service, in monetary terms the import of nickel ore grew by 31.2%, to $55.706 million.
Ukraine did not export and re-export these products in January-August 2020, while the country supplied 7,999 tonnes of nickel ore to Greece for $322,000 in the same period in 2019.
Pobuzhky Ferronickel Plant (part of Solway Group) imports nickel ore to Ukraine.
The plant processes about 1.2 million tonnes of ore per year.
INGO Life Insurance Company (Kyiv) in January-June 2020 collected UAH 23.7 million of insurance premiums, which is 4.4% more compared to the same period a year earlier, the insurer said in a press release.
According to the report, the total amount of paid insurance claim fees by the company for this period was UAH 6.2 million, of which for death cases some UAH 286,500, for cases of disability some UAH 394,200, for cases of hospitalization and temporary loss of working capacity some UAH 1.6 million, due to critical illness some UAH 3.648 million.
It is also indicated that in the first half of the year, payments were made under long-term accumulative insurance contracts related to the survival of the insured person until the end of the insurance period for a total amount of UAH 224,400.
The largest payments for the first quarter were UAH 1 million, UAH 734,300 and UAH 605,300 in connection with the diagnosis of a critical illness.
In November 2007, INGO Life received a perpetual license to carry out life insurance activities. Since April 26, 2013, INGO Life has been representing the interests of Generali Employee Benefits (GEB) in Ukraine.
Since the beginning of the new 2020/2021 agricultural year (July-June) and as of September 14, Ukraine exported 9.44 million tonnes of cereals and legumes, which is 1.68 million tonnes less (due to corn) than on this date last agri-year.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 6.33 million tonnes of wheat, 2.47 million tonnes of barley and 0.61 million tonnes of corn (1.28 million tonnes less) have been exported.
As of September 14 this year, 40,900 tonnes of flour were also exported.
As reported, in the 2019/2020 agri-year Ukraine exported a record of 57.2 million tonnes of grains, legumes and flour, which is 13.5% more than in the previous agri-year.
