Business news from Ukraine

Business news from Ukraine

Ukraine increased exports of ferroalloys by 15%

In January-October this year, Ukraine increased exports of ferroalloys in physical terms by 15.1% year-on-year to 334,008 thousand tons.

According to statistics released by the State Customs Service, exports of ferroalloys decreased by 42% to $288.958 million in monetary terms.

The main exports were to Poland (53.65% of supplies in monetary terms), Turkey (13.47%) and the Netherlands (8.67%).

In addition, in the period under review, Ukraine imported 6.790 thousand tons of these products, which is 61.2% less than in January-October 2022. In monetary terms, imports decreased by 58.5% to $27.192 million.

Imports were carried out mainly from India (22.13%), Armenia (18.14%) and China (16.52%).

As reported, in 2022, Ukraine reduced exports of ferroalloys in physical terms by 47.7% compared to the previous year – to 349,560 thousand tons, in monetary terms by 46% – to $ 564,136 million. At the same time, the main deliveries were made to Poland (53.25% of exports in monetary terms), the Netherlands (13.13%) and Romania (5.66%).

In addition, last year Ukraine imported 20.546 thousand tons of these products, which is 65.5% less than in 2021. In monetary terms, imports decreased by 59.1% to $72.705 million. Imports were carried out mainly from Norway (22.67%), China (15.60%) and Kazakhstan (14.10%).

The business of the Stakhanov and Zaporizhzhia Ferroalloy Plants (SZF and ZZF) was organized by PrivatBank (Kyiv) before the nationalization of the financial institution. Nikopol Ferroalloy Plant is controlled by EastOne Group, established in the fall of 2007 as a result of the restructuring of Interpipe Group, and Privat Group.

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Imports to Ukraine increased by 18.2%, while exports fell by 19.1%

The volume of imports to Ukraine in January-October 2023 amounted to $52.17 billion, which is 18.2%, or $8.03 billion, more than in the same period a year earlier.

At the same time, the volume of Ukrainian exports decreased by 19.1%, or $7.03 billion, to $29.83 billion, according to the website of the State Customs Service.

The negative balance for the first 10 months of this year amounted to $22.34 billion, which is 3.1 times more than in the same period last year.

According to the State Customs Service, exports of goods fell by 18.1% to $27.1 billion in the first nine months of the year, while imports increased by 18.9% to $46.6 billion, and the negative balance of trade in goods increased by 3.2 times to $19.5 billion.

It is specified that over the first 10 months of this year, imports from the EU increased by 23.5% to $26.71 billion, while exports decreased by 15.8% to $19.45 billion.

At the same time, imports from the CIS countries fell 4.2 times to $1.03 billion in January-October this year compared to the same period last year, while exports from Ukraine to these countries fell 36.4% to $1.33 billion, making trade with these countries surplus, whereas before the war it was traditionally deficit.

Finally, imports from other countries increased by 34% to $24.42 billion over 10 months of this year, while imports decreased by 22.4% to $9.04 billion.

“At the same time, taxable imports amounted to $43.4 billion, which is 83% of the total volume of imported goods. The tax burden per 1 kg of taxable imports in January-October 2023 amounted to $0.49 per kg, which is 44% more than in the same period in 2022,” the release said.

According to the State Customs Service, the countries from which Ukraine imported the most goods were: China – $8.4 billion ($6.6 billion in 10 months of 2022), Poland – $5.5 billion ($4.4 billion) and Germany – $4.1 billion ($3.7 billion).

Most of Ukraine’s goods were exported to Poland – $4.1 billion ($5.7 billion), Romania – $3.3 billion ($3.0 billion), and Turkey – $2.0 billion ($2.4 billion).

In January-October 2023, 65% of the total volume of imported goods was machinery, equipment and transport – $16 billion (UAH 115.2 billion, or 31% of customs revenues, was paid to the budget during customs clearance), chemical products – $9.3 billion (UAH 63.6 billion, or 17%), fuel and energy products – $8.7 billion (UAH 79.3 billion, or 21%).

It is specified that imports of machinery, equipment and transport increased by 30%, chemical products – by 17%, while fuel and energy products decreased by 18%.

The top three most exported goods from Ukraine are: food products – $17.7 billion (down 4%), metals and metal products – $3.3 billion (down 19%), machinery, equipment and transport – $2.5 billion (down 30%).

The State Customs Service added that UAH 500.7 million was paid to the budget during customs clearance of exports of goods subject to export duties.

The State Customs Service also reported that in 10 months of 2023, customs authorities detected violations of customs rules worth UAH 7.6 billion.

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Ukraine increased copper imports by 91% in 10 months, exports decreased by 21%

In January-October this year, Ukrainian companies increased imports of copper and copper products in value terms by 91.1% compared to the same period last year, to $104.029 million.

According to customs statistics released by the State Customs Service of Ukraine on Wednesday, exports of copper and copper products decreased by 20.6% to $61.107 million over the period.

In October, Ukraine imported copper worth $13.932 million and exported it for $6.090 million.

In addition, in 10 months of 2023, Ukraine reduced imports of nickel and products by 77.7% compared to the same period in 2022 to $12.438 million ($806 thousand in October), while imports of aluminum and aluminum products increased by 10.1% to $307.569 million ($32.582 million).

At the same time, it reduced imports of lead and lead products by 66.3% to $892 thousand ($19 thousand), imports of tin and tin products by 21.1% to $2.284 million ($232 thousand), but increased imports of zinc and zinc products by 23.1% to $37.525 million ($3.538 million).

Exports of aluminum and aluminum products in January-October this year decreased by 2.3% compared to the same period last year to $81.616 million (in October – $9.996 million), lead and lead products increased by 27.9% to $12.498 million ($1.308 million), nickel and nickel products amounted to $257 thousand ($1 thousand), while in 10 months of 2022 it was $1.086 million.

Zinc was exported abroad for $99 thousand over 10 months (in October – $10 thousand) against $1.321 million in January-October 2022. Exports of tin and tin products amounted to $57 thousand (no deliveries were made in October) against $421 thousand in 10 months of 2012.

As reported, in 2022, Ukrainian enterprises reduced imports of copper and copper products in value terms by 64.3% compared to the previous year – to $65.370 million, while their exports decreased by 56.3% to $90.245 million.

In addition, in 2022, Ukraine reduced imports of nickel and nickel products by 49.9% compared to 2021, to $59.754 million, and aluminum and aluminum products by 33.4%, to $340.398 million. At the same time, it reduced imports of lead and lead products by 66.6%, to $2.839 million.

Imports of tin and tin products fell by 33.5% to $3.312 million, and imports of zinc and zinc products decreased by 58.7% to $38.690 million.

In 2022, exports of aluminum and aluminum products decreased by 42.7% compared to 2021, to $96.972 million, lead and lead products – by 68.7%, to $11.970 million, and nickel and nickel products – by 73.9%, to $1.268 million.

Zinc exports in 2022 amounted to $1.331 million, while in 2021 they amounted to $550 thousand. Exports of tin and products in 2022 amounted to $424 thousand, compared to $346 thousand in the previous year.

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Ukrainian agrarians threshed 71.5 mln tons of harvest-2023 – Ministry of Agrarian Policy

Agrarians of all regions of Ukraine have threshed 71.5 million tons of grain and oilseed crops – 51.275 million tons and 20.239 million respectively, the Ministry of Agrarian Policy and Food reported.

According to the press release, the harvest of grain and leguminous crops was carried out on an area of 9840 thousand hectares with a yield of 52.1 c/ha.

It is also specified that to date, Ukraine has completed the collection and threshing of barley from 1505 thousand hectares (101% of the plan), which received 5.890 million tons; wheat – 22.409 million tons from 4695 thousand hectares (101%); peas – 398.2 thousand tons from 154.4 thousand hectares (103%), as well as rape – 4.005 million tons of seeds from 1396 thousand hectares (98%).

Harvesting of millet is coming to an end. 178.9 thousand tons of millet was harvested from 79 thousand hectares (94%), and buckwheat – 206.57 thousand tons from 139.2 thousand hectares (98%). At the same time, 21.218 million tons of corn was harvested from 2932.3 thousand hectares (60%).

In addition, other cereals and leguminous crops threshed 974.1 thousand tons from 336.2 thousand hectares.

Ukraine continues to work on oilseeds, which were harvested from a total area of 8096 thousand hectares. Harvested, in particular, sunflower – 11.520 million tons (11.310 million tons a week earlier) from an area of 4.911 million hectares (94%), soybeans – 4.713 million tons (4.643 million tons) from 1.788 million hectares (97%).

Sugar beet was dug from the area of 211.3 thousand hectares (183.8 thousand hectares a week earlier), which amounted to 50% of the planned area. It was received 10.098 million tons.

The Ministry of Agrarian Policy also monitors information on crop yields, which amounted to 47.7 c/ha for wheat, 39.2 c/ha for barley, 25.8 c/ha for peas, 22.6 c/ha for millet and 14.9 c/ha for buckwheat. Corn yield – 72.4 c/ha, rapeseed – 28.7 c/ha, soybean – 26.3 c/ha, sunflower – 23.5 c/ha. Yield of sugar beet – 477.9 c/ha.

As reported, winter wheat sowing this season amounted to 4166 thousand hectares (-834 thousand hectares to the previous season), winter barley – 536 thousand hectares (-255 thousand hectares), rape – 1374 thousand hectares (+110 thousand hectares).

According to the adjusted forecast of the Ministry of Agrarian Policy, in 2023 agrarians will be able to harvest 79.1 million tons of cereals and oilseeds, of which cereals will be produced in the following volumes: wheat – 21.7 million tons, barley – 5.7 million tons and corn – 28.5 million tons. Gross production of oilseeds will reach 21.6 million tons, in particular, sunflower – 13 million tons, rapeseed – 4 million tons, soybeans – 4.6 million tons. The sugar beet harvest is forecasted at 13.7 million tons.

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Ukraine cuts steel output by 12-16%

In January-October this year, Ukrainian steelmakers cut production of total rolled products by 13% year-on-year to 4.365 million tons, according to preliminary data.

According to Ukrmetallurgprom, steel production decreased by 11.7% year-on-year to 5.162 million tons in the first ten months of this year, down to 5.7 million tons in January-October 2022.

Pig iron production during this period decreased by 15.6% to 4.906 million tons.

As reported, in 9M2023, Ukraine reduced production of total rolled products by 17% year-on-year to 3.929 million tons, steel by 16.9% to 4.590 million tons, and pig iron by 19.5% to 4.394 million tons.

In 2022, the country’s steelmaking companies reduced production of total rolled products by 72% year-on-year to 5.350 million tons, steel by 70.7% to 6.263 million tons, and pig iron by 69.8% to 6.391 million tons.

In 2021, the company produced 21.165 million tons of pig iron (103.6% compared to 2020), 21.366 million tons of steel (103.6%), and 19.079 million tons of rolled products (103.5%).

Ukraine cuts exports of semi-finished steel products in tons by 40%

In January-October this year, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 40.4% year-on-year to 1 million 34,588 thousand tons.

According to the statistics released by the State Customs Service (SCS), exports of semi-finished carbon steel products amounted to $529.584 million in monetary terms over the period (down 51.6%).

The main exports were made to Bulgaria (35.42% of supplies in monetary terms), Poland (23.85%) and Italy (9.97%).

In January-October, Ukraine imported 92 tons of semi-finished products from China worth $169 thousand, while in September-October, no imports were made.

As reported, in 2022, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 72% compared to the previous year, to 1 million 899.729 thousand tons, and in monetary terms by 70.9%, to $1 billion 191.279 million. The main exports were made to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

In addition, Ukraine imported 5,558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

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