Number of vacancies as of 01.11.2023 (thousand units) according to data of state employment center
Source: Open4Business.com.ua and experts.news
Exports of goods from Ukraine in 2023 fell by 18.5% year-on-year – from $44.2 billion to $36 billion, while imports increased by 14.4% – from $55.5 billion to $63.5 billion, the State Customs Service said on Friday.
As a result, according to its data, Ukraine’s foreign trade turnover for 2023 decreased by only 0.3% to $99.4 billion.
It is specified that taxable imports amounted to $52.6 billion, or 83% of the total volume of imported goods. It is noted that the tax burden per 1 kg of taxable imports in 2023 increased by 38% to $0.49/kg.
According to the released data, the most imported goods to Ukraine were China – in the amount of $10.4 billion, Poland – $6.6 billion and Germany – $4.9 billion, while the most exported were Poland – $4.7 billion, Romania – $3.7 billion, as well as China – $2.4 billion.
In the total volume of imported goods in 2023, 65% were machinery, equipment and transport – $19.8 billion (during customs clearance of such goods, UAH 141.7 billion or 31% of customs payments were paid to the budget), chemical products – $11 billion (UAH 74.8 billion or 16% of customs payments were paid to the budget) and fuel and energy products – $10.3 billion (UAH 103.4 billion or 23% of customs payments).
The top 3 exports from Ukraine in 2023 were food products – $21.8 billion, metals and metal products – $3.9 billion, as well as machinery, equipment and transport – $2.9 billion
The State Customs Service specified that 559.2 million UAH was paid to the budget during customs clearance of exports of goods for which the export duty was established.
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On January 13, JSC Kyivgas announced its intention to conclude a contract with IC VUSO for motor insurance under CMTPL, as reported in the system of electronic public procurement Prozorro.
The offer of IC “VUSO” was in the amount of UAH 101,364 thousand against the expected cost of UAH 483,3 thousand.
IC “European Insurance Alliance” with the offer of UAH 106,197 thousand, “Oranta” – UAH 195,5 thousand, “Guardian” – UAH 223,6 thousand, “Knyazha VIG” – UAH 289,3 thousand also took part in the tender.
IC “VUSO” was founded in 2001. The company owns 50 licenses: 34 for voluntary and 16 for compulsory types of insurance. It is represented in all regions of Ukraine. It is a member of ITSBU and UFS, a participant of the agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.
The negative balance of Ukraine’s foreign trade in goods in January-November 2023 increased 2.8 times compared to the same period of 2022 – to $24.351 billion from $8.570 billion, the State Statistics Service (Gosstat) said on Monday.
According to its data, exports of goods from the country during the period decreased by 18.9% compared to January-November 2022 – to $32.978 billion, while imports increased by 16.5% – to $57.329 billion.
The State Statistics Committee specified that in November-2023 compared to October-2023, seasonally adjusted exports increased by 3.1% to $2.583 billion, while imports decreased by 9.5% to $4.749 billion.
The seasonally adjusted foreign trade balance in November-2023, as in the previous month, was negative at $2.166 billion compared to $2.741 billion before.
The export-import coverage ratio in January-November 2023 was 0.58 (0.83 in January-November 2022).
State Statistics specified that foreign trade operations were conducted with partners from 228 countries.
For more details on the situation in the Ukrainian and global economy, see the video on the YouTube channel “Club of Experts” at the link:
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In 2023, PJSC Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022, to 1 million 409.9 thousand tons, the company’s press service said on Monday.
Last year’s production of natural and associated petroleum gas amounted to 1 billion 97.4 million cubic meters, which is 5.8% (60.4 million cubic meters) more than in 2022.
“I would like to thank the company’s team for not only holding the natural decline in a full-fledged war year, but also increasing production. In difficult conditions, you have made every effort to achieve results,” said Sergiy Koretsky, Ukrnafta’s CEO.
According to him, in 2024, Ukrnafta plans to drill new wells and intensify production, invite partners to the fields and replace old Soviet and Russian equipment with modern world-class models.
As reported, in 2022 the company produced 1.37 million tons of oil and condensate and 1.037 billion cubic meters of gas.
“Ukrnafta’s strategic goal is to double its oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of 537 filling stations, of which 456 are in operation.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
The US Department of Agriculture (USDA) has raised its forecast for Ukrainian wheat production in the 2023/24 marketing year (MY, September 2023 – August 2024) by 0.9 million tons to 23.4 million tons and for exports by 1.5 million tons to 14 million tons.
According to the USDA’s January report, Ukraine’s ending stocks will also increase by 1.8 million tons to 4.38 million tons.
For corn, the USDA left the harvest, exports and ending stocks in Ukraine unchanged: 30.5 million tons, 21 million tons and 6.82 million tons respectively.
In general, the updated global wheat crop forecast for the 2023/24 grain year was improved by 1.9 million tons to 784.91 million tons, due to the positive revision of estimates for Ukraine and Russia, while the forecast for China was lowered. The forecast for global wheat exports was also raised by 2.35 million tons to 209.54 million tons. The experts also revised the forecast for global wheat ending stocks upwards by 1.83 million tons to 260.03 million tons.
For corn, the forecast for global production in January was raised by 0.0137 million tons to 1.235 million tons, while exports were lowered by 0.57 million tons to 200.89 million tons. Ending stocks will rise by 10 million tons to 325 million tons.
