Business news from Ukraine

Business news from Ukraine

Ukraine exported 29.2 mln tonnes of grains since beginning of 2024-2025 marketing year

As of March 3, Ukraine exported 29.202 mln tonnes of grains and pulses since the beginning of 2024-2025 marketing year (MY, July-June), of which 84 thsd tonnes were shipped this month, the press service of the Ministry of Agrarian Policy and Food reported, citing the data of the State Customs Service.

According to the report, as of March 4 last year, the total shipments amounted to 29.951 mln tonnes, including 270 thsd tonnes in March.

In terms of crops, since the beginning of the current season, Ukraine has exported 12.014 million tons of wheat (31 thousand tons in March), 2.126 million tons of barley (0), 10.8 thousand tons of rye (0), and 14.62 million tons of corn (53 thousand tons).

The total export of Ukrainian flour since the beginning of the season as of February 26 is estimated at 47.8 thsd tonnes (4.2 thsd tonnes in February), including 44.1 thsd tonnes of wheat (3.9 thsd tonnes).

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China breaks export record in early 2025, imports fall

China’s exports in January-February 2025 reached a record $540 billion, up 2.3% year-on-year, Bloomberg reports. However, the country’s imports unexpectedly fell by 8.4%, leading to a significant trade surplus of $171 billion.

According to analysts, the growth in exports is partly due to accelerated deliveries as Chinese companies seek to circumvent possible new trade barriers from the United States. The U.S. administration is considering additional tariffs on Chinese goods, which could affect the competitiveness of Chinese products.

China remains the largest exporter in the world, supplying products to a wide range of industries. Among the key export products:
Electronics and technology – smartphones, computers, semiconductors.

Machinery – industrial machines, cars and components.
Consumer goods – clothing, footwear, household appliances.

Metals and chemicals – aluminum, steel, plastics.
Renewable energy – solar panels, lithium-ion batteries.

Services – IT development, digital platforms, logistics.
The drop in imports may indicate weak domestic demand, as well as China’s desire to develop self-sufficiency in strategic industries.

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Ukraine and China sign agreement on export of aquatic products and peas

Ukraine and the People’s Republic of China have signed an agreement on the terms of export of Ukrainian aquatic products and peas to China, the press service of the Ministry of Agrarian Policy and Food reports.

“The Ministry of Agrarian Policy continues to work on opening new markets and scaling up existing ones. Today we have signed an important agreement with the People’s Republic of China,” Minister of Agrarian Policy and Food Vitaliy Koval said on Telegram.

According to the report, the agreement will allow Ukrainian farmers to gain access to one of the world’s largest markets, expand their presence in China, and support producers, especially in the fisheries and grain sectors. Ukraine will be able to increase exports and foreign exchange earnings, diversify its markets and integrate into global trade chains.

These agreements are the result of a dialogue between our countries and a series of high-level meetings. It was also the result of active cooperation between the Ministry of Agrarian Policy and Food of Ukraine, the State Service of Ukraine for Food Safety and Consumer Protection, associations, the General Administration of Customs of the People’s Republic of China, and the Chinese Ambassador to Ukraine, Ma Shengkun. I am confident that we have laid a solid foundation for expanding cooperation, as the last time such a contract was signed with China was more than 5 years ago,” the Minister summarized.

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Exports of wheat flour fell by 36% in 7 months

In July-January of 2024-2025 marketing year (MY), Ukraine exported 40.4 thsd tonnes of wheat flour, down 36.1% year-on-year, reports the Association of Millers, citing the State Customs Service.

According to the infographics published in Facebook, the export volumes in the season-24/25 are slightly lower than in the previous seasons – for 7 months of 2023/24 MY Ukraine exported 63.2 thsd tonnes of wheat flour, and in 2022/23 MY – 79.8 thsd tonnes.

At the same time, about 17.0 thsd tonnes were exported to the EU countries, almost 12.4 thsd tonnes – to Moldova, 8.1 thsd tonnes – to Palestine, 1.5 thsd tonnes – to Israel.

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Grain exports from Ukraine decreased to 30 mln tons

As of March 5, Ukraine exported 29.68 mln tonnes of grains and pulses since the beginning of 2024-2025 marketing year (MY, July-2024 – June-2025), of which 490 thsd tonnes were shipped this month, the press service of the Ministry of Agrarian Policy and Food reported, citing the State Customs Service.

According to the report, as of March 8 last year, the total shipments amounted to 30.989 mln tonnes, including 1.319 mln tonnes in March.

At the same time, since the beginning of the current season, Ukraine has exported 12.155 mln tonnes of wheat (12.375 mln tonnes in 2023/24 MY), 2.126 mln tonnes of barley (1.761 mln tonnes), 10.8 thsd tonnes of rye (1 thsd tonnes), and 14.924 mln tonnes of corn (16.569 mln tonnes).

The total export of Ukrainian flour since the beginning of the season as of March 5 is estimated at 49 thsd tonnes (in 2023/24 MY – 74.9 thsd tonnes), including 45.2 thsd tonnes of wheat (71.1 thsd tonnes).

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Trade turnover between Ukraine and Poland amounted to $11.7 bln in 2024, of which $7 bln was Polish exports

Trade between Ukraine and Poland amounted to $11.7 billion in 2024, of which Poland exported almost $7 billion to Ukraine and imported $4.6 billion worth of Ukrainian goods, Minister of Agrarian Policy and Food Vitaliy Koval said following the results of the Polish-Ukrainian dialogue.

According to him, the event was attended by representatives of Polish business, including Orlen and Anwil, with whom they discussed cooperation in the field of fertilizers and bioethanol development.

The minister said that Ukraine imports a total of 1.5 million tons of diesel fuel and gasoline from Poland and $354 million worth of mineral fertilizers.

“All these imports make up a large part of Ukrainian agricultural products. For example, to grow a ton of Ukrainian corn, we need to import 75% of the ingredients. That is, the profitability of international companies, including Polish ones, depends on the success of Ukrainian farmers,” the minister wrote on Telegram.

Koval expressed his belief in the importance of a dialogue between Ukrainian and Polish businesses. It should be based on numbers, cold reason, and mutually beneficial cooperation: the better Ukraine’s agricultural sector develops, the more benefits there will be for the Polish side and vice versa.

Kowal called on Polish businesses to invest in Ukraine’s agro-processing industry, which needs to increase the added value of its products.

“We appreciate the friends who were with us when it was hard, and these friends will be with us when it is easy. And it will be easy soon, because the darkest time is before dawn… We just need to endure. That is why he urged us to find common ground. After all, Ukraine is not a threat, Ukraine is a partner for moving forward,” summarized the Minister of Agrarian Policy.

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