The state will partially compensate exporters for interest accrued and paid this year on loans insured by the Export Credit Agency (ECA), the website of the Ministry of Economy reported on Wednesday.
The corresponding decision was made by the Cabinet of Ministers at a meeting on August 23.
It is indicated that the state will partially compensate the rate on export credits, which are taken for a period of two to 12 years and amount to no more than 85% of the amount of the foreign economic contract.
Such loans should be used to replenish working capital, purchase equipment, fulfill the terms of a foreign economic contract, and build and reconstruct production facilities.
It is noted that the borrower must be a FOP or a legal entity registered on the territory of Ukraine (except for the temporarily occupied territories), not have open bankruptcy cases and not be in the process of liquidation.
The Ministry clarified that if the borrower violates the terms of interest payment for more than 15 days, compensation will be temporarily suspended.
Mining enterprises of Ukraine in January-July this year reduced the export of iron ore raw materials (IORM) in physical terms by 28.8% compared to the same period last year – up to 18 million 571.940 thousand tons.
According to statistics released by the State Customs Service (STS), over the specified period, foreign exchange earnings from the export of iron ore decreased by 49.8% – to $ 2 billion 357.073 million.
Iron ore was exported mainly to Slovakia (19.80% of deliveries in monetary terms), China (16.07%) and Poland (15.6%).
During the reporting period, IORM was imported to Ukraine for $14 thousand in a total volume of 25 tons, while in January-July 2021, iron ore for $130 thousand was imported in a total volume of 1,134 thousand tons. Imports for January-July 2022 were carried out from Britain (78.57%), Italy (14.29%) and the Russian Federation (7.14%).
As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).
Ukraine in January-July this year reduced the export of semi-finished products from carbon steel in physical terms by 64% compared to the same period last year – up to 1 million 501.779 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, exports of carbon steel semi-finished products over this period decreased by 59.3% to $955.049 million.
The main exports were to Bulgaria (21.68% of supplies in monetary terms), Italy (14.75%) and Turkey (11.2%).
In addition, Ukraine imported 5.532 thousand tons of such products in January-July, which is 56.8% less than in January-July 2021. In monetary terms, imports decreased by 55.2% – to $ 3.576 million. Imports were carried out from the Russian Federation (98.49% of supplies), Romania (1.23%) and China (0.25%).
As reported, Ukraine in 2021 reduced the export of semi-finished products from carbon steel in physical terms by 9.5% compared to 2020, to 6 million 776.44 thousand tons. In monetary terms, the export of semi-finished products from carbon steel increased by 48.8% over the year to $4 billion 93.02 million. The main exports were to Italy (30.90% of deliveries in monetary terms), Turkey (12.77%) and the Republic (8.02%).
In addition, Ukraine imported 38.97 thousand tons of such products in 2021, which is 2.6 times more than in 2020. In monetary terms, imports increased 3.9 times – up to $25.95 million. Imports were carried out from the Russian Federation (97.73% of deliveries), Turkey (1.15%) and Uzbekistan (1.08%).
Mining enterprises of Ukraine in January-July this year reduced the export of iron ore raw materials (IORM) in physical terms by 28.8% compared to the same period last year – up to 18 million 571.940 thousand tons.
According to statistics released by the State Customs Service (STS), over the specified period, foreign exchange earnings from the export of iron ore decreased by 49.8% – to $ 2 billion 357.073 million.
Iron ore was exported mainly to Slovakia (19.80% of deliveries in monetary terms), China (16.07%) and Poland (15.6%).
During the reporting period, IORM was imported to Ukraine for $14 thousand in a total volume of 25 tons, while in January-July 2021, iron ore for $130 thousand was imported in a total volume of 1,134 thousand tons. Imports for January-July 2022 were carried out from Britain (78.57%), Italy (14.29%) and the Russian Federation (7.14%).
As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).
Export of agricultural products from Ukraine in the context of the Russian military invasion could reach 5 million tons per month due to increased shipments through the unblocked Black Sea ports, but an estimate of 3.5-4.5 million tons per month looks more realistic.
As reported on the website of the consulting agency Ukragroconsult on Monday, the current 2022/23 marketing year (MY, July-June) will be non-standard due to the absence of traditional seasonal export peaks that occur as the harvest progresses.
“If you look at monthly exports from the beginning of 2018/19 MY, then seasonality is clearly visible. Conventionally, Ukrainian grain exports can be divided into three stages (waves): the wheat-barley wave (begins in July-August), the first corn wave (begins in September-August). October) and the second corn wave (begins in February-March, when the supply of corn from South America disappears from the world market),” the agency said in a statement.
According to him, there will be no significant export peaks this season due to significant leftovers from last season’s harvest ready for export, but a gradual increase in shipments will be noticeable as the work of seaports normalizes.
“Current shipments from Odessa ports are still undergoing a test period, market participants are still evaluating further prospects, so it is too early to say with confidence that Ukraine will be able to fully realize its grain export potential, but exports in August may already show a significant increase,” explains ” Ukragroconsult”.
As reported, since the beginning of 2022/2023 MY, Ukraine has exported 2.98 million tons of grain crops, including 1.94 million tons of corn (65% of the total supply), 783 thousand tons of wheat (26%) and 257 thousand tons of barley (8.8%).
In addition, in July 2022, Ukraine exported 2.66 million tons of grain and oilseeds and agricultural products for export by all modes of transport, which is 22.7% more than in June.
Since the beginning of the 2022/2023 marketing year (MR, July-June), Ukraine has exported 2.98 million tons of grain crops, including 1.94 million tons of corn (65% of the total supply), 783 thousand tons of wheat ( 26%) and 257 thousand tons of barley (8.8%).
As reported on the website of the Ministry of Agrarian Policy and Food on Friday, the pace of grain exports since the beginning of the current financial year was 2.06 times lower than the indicators of the same period last year (from July 1 to August 19, 2021, 6.12 million tons were exported) .
At the same time, according to the agency, for the period of August 11-19, 770 thousand tons of grain crops were delivered to foreign markets (96.2 thousand tons per day), while in the previous period of August 5-11 – 340 thousand tons of grain crops ( 48.6 thousand tons per day), for July 27-August 5 – 640 thousand tons of grain crops (71.1 thousand tons per day), and for July 15-27 – 627 thousand tons of grain crops (52.25 thousand tons per day). Thus, the average daily rate of export for the reporting period doubled compared to the previous period and reached the maximum value since the beginning of the MR.
For comparison, in eight days (August 11-19), the country supplied the volume of grain crops to foreign markets, similar to the volume of 28 days in April (April 1-28, 2022), when their export amounted to 763,000 tons. This is due to the effect of the Istanbul grain agreements, which opened the export of agricultural crops from three Ukrainian seaports – only on August 1-15, they sent 21 dry cargo ships with 563 thousand tons of agricultural products to foreign markets.
In general, from the beginning of the 2022/2023 FY and until August 19, 2022, Ukraine exported 783 thousand tons of wheat (3.7 times less compared to the same date of the 2021/2022 FY), 257 thousand tons of barley (eight times less) and 7.4 thousand tons of flour (2.55 times less). However, the rate of corn export exceeded last year’s volumes – 1.94 million tons of corn were exported, which is 67.8% more than the indicators of the 2021/2022 financial year.
As reported, in 2021/2022, Ukraine exported 48.51 million tons of grain and leguminous crops, which is 8.4% higher than the indicators of the previous MR, despite the full-scale invasion of the Russian Federation and difficulties in exporting agricultural products due to the blockade of Ukrainian seaports. 18.74 million tons of wheat (12.6% more than the indicators of 2020/2021 MR), 23.54 million tons of corn (+1.9%), 5.75 million tons of barley (+35.9%) were delivered to foreign markets ), 70.9 thousand tons of flour (-44.1%).
In 2020/2021, the country exported 44.72 million tons of cereals and legumes: 16.64 million tons of wheat, 23.08 million tons of corn, 4.23 million tons of barley, 126.9 thousand tons of flour and 18.4 thousand tons of flour tons of rye.
In 2019/2020, the Republic of Ukraine exported 56.72 million tons of grain and leguminous crops.
