Business news from Ukraine

Ukraine has already exported 28.6 mln tons of grain – Ministry of Agrarian Policy

Since the beginning of the 2023-2024 marketing year, Ukraine has exported 28.579 million tons of grains and legumes, of which 4.703 million tons were shipped this month, Denys Bashlyk, Deputy Minister of Agrarian Policy and Food for Digital Development, Digital Transformation and Digitalization, said on Telegram, citing data from the State Customs Service.

According to the report, since the beginning of the current season, which began in July 2023, 11.237 million tons of wheat, 1.596 million tons of barley, 15.439 million tons of corn, and 1 thousand tons of rye have been exported.

As of February 26, the total export of Ukrainian flour is estimated at 73 thousand tons, including 69.3 thousand tons of wheat, the Deputy Minister of Agrarian Policy summarized.

As reported, Bashlyk informed that the harvest of grain and legumes in 2023 in Ukraine was carried out on an area of 10.609 million hectares, which is 97% of the plan, from which 58.993 million tons of grain were harvested.

Winter wheat plantings for the 2024 harvest in Ukraine amount to 4166 thou hectares (-834 thou hectares compared to the previous year), winter barley – 536 thou hectares (-255 thou hectares), and rapeseed – 1374 thou hectares (+110 thou hectares).

According to the newly improved forecast of the Ministry of Agrarian Policy, by the end of 2023, farmers can harvest 81.3 mln tons of grains and oilseeds, including 59.7 mln tons of grains and 21.6 mln tons of oilseeds.

Ukrainian agrarians intend to increase the acreage under soybeans and sugar beets and reduce corn, the Ministry of Agrarian Policy reported following a survey of farmers’ preparations for the spring crops sowing campaign for the 2024 harvest.

According to the report, 70% of respondents indicated that they plan to increase the area under soybeans by 21% on average compared to 2023.

The survey of the Ministry of Agrarian Policy, conducted through the State Agrarian Register, showed that during the spring sowing season, Ukrainian farmers will prioritize pulses, which will increase by 11%, and spring barley – by 7%. The area under spring rapeseed is expected to increase by 24%, sugar beet by 17%, and corn by 9%. The area under sunflower may potentially decrease.

In general, in 2024, the area under spring crops may decrease by 0.5 million hectares or 3.7% compared to last season, according to the Ministry of Agrarian Policy.

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Ukraine increased exports of ferrous scrap by 2.1 times in January

In January this year, Ukrainian enterprises increased exports of ferrous scrap by 2.1 times compared to the same period last year, up to 17,160 thousand tons from 8,280 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, exports of scrap metal increased 2.15 times in monetary terms to $5.078 million from $2.362 million.

In January, Ukraine exported scrap metal to Poland (95.35%), Germany (4.61%) and the Netherlands (0.04%).

In the first month of the year, the country imported 129 tons of scrap metal from Slovakia for $45 thousand, while in January 2023 there were no imports of this raw material.

As reported, in 2023, the scrap collecting enterprise of Ukraine increased the export of scrap metal from the country by 3.4 times compared to the previous year – up to 182,485 thousand tons from 53,557 thousand tons. In monetary terms, exports increased 2.74 times to $52.723 million from $19.271 million.

Earlier, Ukrmetallurgprom President Oleksandr Kalenkov stated in an op-ed on the Interfax-Ukraine website that scrap metal is exported through the European Union, which has a preferential export duty of EUR3 per ton, and from there the raw materials are redirected to real customers. He noted that exporting raw materials directly to customers would cost EUR180 in export duties, and the Ukrainian budget has already lost UAH 350 million.

The head of Ukrmetallurgprom called for a temporary ban on the export of ferrous scrap to provide steelmakers with strategically important raw materials in the ongoing war. He also clarified that a ton of scrap metal processed into steel brings in 10 times more to the budget than the EU export duty, which is about $300 per ton.

In 2022, Ukraine reduced exports of ferrous scrap by 11.5 times compared to the previous year, to 53,557 thousand tons, and in monetary terms, it decreased by 12.4 times, to $19.271 million.

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Ukraine increased exports of semi-finished steel products 6 times

In January this year, Ukraine increased exports of semi-finished carbon steel products in physical terms by 5.8 times compared to the same period last year, up to 222.2 thousand tons from 38.341 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, exports of carbon steel semi-finished products increased 5 times in monetary terms to $105.491 million from $20.897 million.

The main exports were to Bulgaria (37.07% of supplies in monetary terms), Poland (11.91%) and Colombia (11.15%).

In January 2024, Ukraine did not import semi-finished products, as in January 2023.

As reported, in 2023, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).

In addition, in 2023, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%) worth $172 thousand.

In 2022, Ukraine decreased exports of carbon steel semi-finished products by 72% year-on-year to 1 million 899.729 thousand tons in physical terms and by 70.9% in monetary terms 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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Ukraine increased pig iron exports by 5%, mainly to US

In January this year, Ukraine increased exports of processed pig iron in physical terms by 5.3% year-on-year to 142,176 thousand tons from 135,073 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, pig iron exports in monetary terms increased by 3.1% to $50.004 million from $48.513 million during the period under review.

At the same time, exports were carried out mainly to the United States (92.26% of supplies in monetary terms), Poland (3.88%) and France (2.52%).

In the first month of the year, Ukraine did not import pig iron, as it did in January 2023.

As reported, in 2023, Ukraine reduced pig iron exports in physical terms by 5.8% compared to 2022 – to 1 million 248.512 thousand tons, while exports in monetary terms decreased by 26.2% to $471.467 million. Deliveries were made mainly to Poland (51.91% of supplies in monetary terms), Spain (21.41%) and the United States (13.15%).

In 2023, Ukraine imported 154 tons of pig iron worth $156 thousand from Germany (42.31%), Brazil (41.67%) and Poland (16.03%), compared to 40 tons of pig iron worth $23 thousand in 2022.

In 2022, Ukraine reduced exports of processed pig iron by 59% in physical terms compared to the previous year to 1 million 325.275 thousand tons, and by 61.1% in monetary terms to $638.774 million.

In 2022, Ukraine imported 40 tons of pig iron worth $23 thousand, while in 2021 it imported 185 tons of pig iron worth $226 thousand. Exports were mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%) and Turkey (8.12%), while imports were made from Germany (100%).

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Ukraine increased exports of iron ore by 3.4 times

In January this year, Ukrainian mining companies increased exports of iron ore in physical terms by 3.36 times compared to the same period last year, up to 3 million 115.839 thousand tons from 927.433 thousand tons.

According to the statistics released by the State Customs Service on Friday, during the period under review, foreign exchange earnings from the export of iron ore increased by 2.7 times to $295.989 million from 110.857 million.

Exports of iron ore were carried out mainly to China (48.05% of supplies in monetary terms), Slovakia (13.65%) and Poland (10.48%).

Last month, Ukraine imported iron ore worth $7 thousand in a total volume of 9 tons, while in January-2023 it imported iron ore worth $1 thousand in a volume of 1 thousand tons. Imports in January-2024 came from Italy (100%).

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.

In 2022, Ukraine decreased exports of iron ore in physical terms by 45.9% compared to 2021 – to 23 million 984.623 thousand tons, while foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million. Iron ore was exported mainly to Slovakia (19.23% of supplies in monetary terms), the Czech Republic (17.32%) and Poland (16.49%).

In 2022, Ukraine imported iron ore worth $65 thousand in a total volume of 101 tons, while in 2021 – $184 thousand in a volume of 1,202 thousand tons. Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).

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Ukraine increased copper imports by 2.6 times, exports by 56%

In January this year, Ukrainian companies increased imports of copper and copper products in value terms by 2.6 times compared to the same period last year, to $16.833 million from $6.368 million.

According to customs statistics released by the State Customs Service of Ukraine on Friday, exports of copper and copper products decreased by 17.6% to $5.279 million from $6.407 million over the period.

In addition, in January 2024, Ukraine increased imports of nickel and nickel products by 11.5 times compared to January 2023 – to $3.573 million from $312 thousand, aluminum and aluminum products – by 26.3%, to $33.501 million.

At the same time, it increased imports of lead and lead products by 4.2 times to $135 thousand, imports of tin and tin products by 51.2% to $260 thousand, and increased imports of zinc and zinc products by 82.9% to $4.094 million.

Exports of aluminum and aluminum products in the first month of 2024 increased by 18% compared to January 2023 to $7.999 million, lead and lead products decreased by 46.5% to $873 thousand, nickel and nickel products amounted to $3 thousand, at the level of January 2023.

Zinc exports last month amounted to $8 thousand, while in January 2023 they were absent. Exports of tin and tin products were absent in January 2024, while in January 2023 they amounted to $17 thousand.

In December 2023, copper was imported for $20.856 million, and exported for $6.906 million. Last December, Ukraine imported $1.025 million worth of nickel and products, $31.951 million worth of aluminum, as well as $70 thousand worth of lead and products, $310 thousand worth of tin, and $3.665 million worth of zinc.

At the same time, in December 2023, Ukraine exported $8.433 million worth of aluminum, $704 thousand worth of lead and lead products, $24 thousand worth of nickel and nickel products, $13 thousand worth of zinc, and $79 thousand worth of tin.

As reported, in 2023, Ukraine increased imports of copper and copper products by 2.2 times compared to 2022 – up to $140.795 million, while exports decreased by 20.1% to $72.078 million.

In addition, in 2023, Ukraine reduced imports of nickel and products by 74.2% compared to 2022, to $15.391 million, and increased imports of aluminum and aluminum products by 7.7%, to $366.463 million.

At the same time, it reduced imports of lead and lead products by 65.2% to $989 thousand, imports of tin and tin products by 23% to $2.728 million, but increased imports of zinc and zinc products by 18.8% to $45.966 million.

Exports of aluminum and aluminum products last year increased by 0.7% compared to 2022 to $97.616 million, lead and lead products increased by 23.5% to $14.778 million, and nickel and nickel products amounted to $532 thousand, while in 2022 it was $1.268 million.

In 2023, the company exported $130 thousand worth of zinc, compared to $1.331 million in 2022. Exports of tin and tin products amounted to $159 thousand against $424 thousand in 2022.

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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