Business news from Ukraine

UKRAINE INCREASES EXPORTS OF TITANIUM ORE IN KIND BY 57% IN 2016

KYIV. Jan 11 (Interfax-Ukraine) – Ukraine in 2016 increased exports of titanium ore and concentrate in real terms by 57.1%, compared to 2015, to 463,386 tonnes.

According to customs statistics, made public by the State Fiscal Service of Ukraine, exports of titanium ore and concentrate in monetary terms in 2016 rose by 16.7%, to $83.979 million.

Major exports were made to the Russian Federation (35.33% of the supply in money terms), the United States (18.35%), and the Czech Republic (12.40%).

Ukraine in 2016 imported 160 tonnes of titanium ore and concentrate, mainly from Senegal (90.63%), Germany (6.25%) and Vietnam (2.08%) for $90,000, while in 2015 the country imported 4 tonnes for $3,000 from South Africa.

As reported, Ukraine in 2015 reduced exports of titanium ore and concentrate in natural terms by 10.2% compared to 2014, to 295,024 tonnes, in monetary terms by 28.7%, to $71.955 million.

The produce was mainly exported to the Russian Federation (27.43% of the supply in money terms), the United States (16.47%), and the Czech Republic (15.82%).

Vilnohirsk state mining and metallurgical plant (Dnipropetrovsk region), Irshansk state mining and processing plant (Zhytomyr region), Valki-Ilmenite and Mezhdurechensk Mining and Concentration Complex (MMC, both are located in Irshansk, Zhytomyr region) are mainly produce titanium ore in Ukraine.

Dnipro-based Velta production and commercial firm built a mining and processing complex at the Birzulivske ilmenite deposit, which has a 240,000-tonne ilmenite concentrate capacity per year. At the first stage of production in October 2014 there was a large fire which destroyed 50-60% of total production.

Holding company Velta Group Global Ltd. was registered in London in November 2011.

UKRAINE INCREASES EXPORTS OF CAST IRON IN KIND BY 16.9% IN 2016

KYIV. Jan 11 (Interfax-Ukraine) – Ukraine in 2016 increased cast iron exports in kind by 16.9%, compared to the same period in 2015, to 2.54 million tonnes.

According to customs statistics, made public by the State Fiscal Service of Ukraine, exports of cast iron in monetary terms grew by 7.9% during this period, to $551.215 million.

Exports were mainly made to the United States (29.61% of supply in terms of money), Turkey (27.41%), and Italy (25.76%).

In 2016 Ukraine imported 1,755 tonnes of cast iron worth $661,000, whereas in 2015 it imported 3,431 tonnes of similar products for $1.177 million. Imports were mainly made from Russia (75.45% of deliveries in monetary terms), Germany (16.69%) and Italy (4.58%).

Ukraine in 2015 decreased cast iron exports in kind by 1.7%, to 2.172 million tonnes and by 36.4% in money terms, to $510.644 million.

Cast iron was mainly exported to Italy (30.63%), Turkey (25.11%) and the United States (19.9%).

Ukraine last year imported 3,431 tonnes of cast iron (53.6% down year-over-year). In money terms imports decreased by 60.6%, to $1.177 million.

Cast iron was mainly imported from Russia (88.03%) and Germany (9.59%).

UKRAINE INCREASES HONEY EXPORTS BY 1.6 TIMES IN 2016

KYIV. Jan 10 (Interfax-Ukraine) – Ukraine in 2016 exported 56,990 tonnes of honey, which is 1.6 times more than a year earlier, the State Fiscal Service has said.

According to its figures, in terms of money honey exports grew by 15.4%, to $97.28 million.

The main consumers of Ukrainian products were Germany, Poland, and the United States.

Honey imports to Ukraine over the past year rose from 17 tonnes to 118 tonnes.