Business news from Ukraine

Business news from Ukraine

Ukraine suspends manganese ore exports in February-October 2024

In February-October 2024, Ukraine continued to suspend manganese ore exports, which resumed in January this year after a two-year break.

According to statistics released by the State Customs Service (SCS), there were no exports of manganese ore in February-October, while in January 44,903 thousand tons were exported to the US for $6.563 million.

At the same time, in ten months of 2014, the country imported 84.275 thousand tons worth $18.212 million from Ghana (99.34%), Brazil (0.50%) and Belgium (0.12%), and there were no imports in October.

Import growth occurred in July and August of this year, when 17.811 thousand tons of manganese ore were imported in July, 10.017 thousand tons in August, and in September it increased to 56.447 thousand tons. Ukraine imported 44.202 thousand tons of manganese ore in 10 months of 2013.

As reported, Ukraine did not export manganese ore in 2022 and 2023, exported 770 tons for $89 thousand in 2021, and imported 44.203 thousand tons for $7.020 million in 2023.

In 2022, Ukraine reduced imports of manganese ore and concentrate in physical terms by 68.1% compared to the previous year, to 135,798 thousand tons, and in monetary terms by 66.4%, to $18.098 million. The main imports were from Ghana (99.16% of supplies in monetary terms), Slovakia (0.71%) and Belgium (0.10%). In August-November 2022, there were almost no imports of manganese ore.

In addition, it was reported that the Pokrovsky Mining and Processing Plant (PGOK, formerly Ordzhonikidze Mining and Processing Plant), a part of the Privat Group, and Marhanetsky Mining and Processing Plant (MGOK, both in Dnipropetrovska oblast), in late October and early November, had been shutting down. ) stopped mining and processing crude manganese ore in late October and early November 2023, while NFP and ZFP suspended smelting of ferroalloys, and later ferroalloy enterprises slightly resumed production.

In Ukraine, Pokrovske and Marhanets mining and processing plants mine and enrich manganese ore.

Manganese ore is consumed by ferroalloy enterprises.

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Ukraine increased exports of semi-finished steel products by 62%

In January-October this year, Ukraine increased exports of carbon steel semi-finished products in physical terms by 61.8% year-on-year to 1 million 674,047 thousand tons.
According to statistics released by the State Customs Service, exports of carbon steel semi-finished products increased by 56.3% to $827.952 million in monetary terms.
The main exports were to Bulgaria (31.37% of supplies in monetary terms), Egypt (20.19%) and Turkey (10.39%).
In January-October 2024, Ukraine imported 15 tons of semi-finished products worth $33 thousand from Romania (60.61%) and Poland (24.24%), while in January-October 2023, it imported 92 tons of semi-finished products worth $169 thousand from China.
As reported, in 2023, Ukraine decreased 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%) for $172 thousand.

Exports of titanium ores in Ukraine decreased by 43.7%

In January-October this year, Ukraine reduced exports of titanium ores and concentrate in physical terms by 43.7% year-on-year to 5.725 thousand tons.
According to statistics released by the State Customs Service, exports of titanium ore and concentrate in monetary terms decreased by 45% to $9.343 million.
At the same time, the main exports were made to Turkey (62.65% of supplies in monetary terms), Poland (8.56%) and Egypt (6.72%).
At the same time, experts emphasize the discrepancy between the statistics on titanium ore exports. In particular, at the request of Interfax-Ukraine, Velta Production and Commercial Firm (PCF) LLC with titanium ore mining assets in Novomyrhorod (Kirovohrad region) reported that in January-February 2024 alone, the company exported more than 15 thousand tons of ilmenite (titanium concentrate) to the Czech Republic and Mexico. At the same time, experts believe that the GTS provides data only on the supply of rutile (also a titanium-containing ore).
In ten months of 2024, Ukraine imported 209 tons of titanium ore worth $326 thousand from China (90.80%) and Senegal (9.20%).
As reported, in 2023, Ukraine reduced exports of titanium ore in physical terms by 96.4% compared to 2022 – to 11,648 thousand tons, and revenue by 85.1% – to $19.426 million. At the same time, the main exports were made to Turkey (38.21% of supplies in monetary terms), Japan (16.53%) and India (6.12%).
During this period, Ukraine imported 1 ton of such ore from the Netherlands for $2 thousand.
In Ukraine, titanium ores are currently mined mainly by the United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Metallurgical Plant (Irshansk, Dnipro region). ) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), as well as Mezhyrichny GOK and Valky Ilmenite (both based in Irshansk, Zhytomyr region). In addition, Velta (Dnipro) has built a mining and processing plant at the Byrzulivske deposit with a capacity of 240 thousand tons of ilmenite concentrate per year.

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Ukraine increased foreign exchange earnings from ferrous metals exports by 18.2%

In January-October of this year, Ukrainian steelmakers increased their revenues from ferrous metal exports by 18.2% year-on-year to $2 billion 665.40 million.
According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.7% of total export revenues during this period, compared to 7.6% in January-October 2023.
In October, revenues from exports of ferrous metals amounted to $265.72 million, while in the previous month – $332.83 million.
At the same time, Ukraine increased imports of similar products by 13.5% to $1 billion 251.91 million over ten months of this year. In October, the country imported products worth $129.45 million.
In addition, in January-October 2024, Ukraine increased exports of metal products by 5.7% to $799.01 million. In October, they were exported for $77.33 million.
Imports of metal products increased by 22.4% to $885.01 million during this period. In October, these products were imported for $98.53 million.
As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, while ferrous metals accounted for 7.3% of total revenues from exports of goods during this period, while in 2022 the share was 10.3%. In addition, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.05 million.
In addition, last year, Ukraine reduced exports of metal products by 16.6% year-on-year to $877.92 million. At the same time, imports of metal products increased by 40.3% to $902.57 million during this period.

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Ukraine increased exports by 16%, imports by 10% in 10 months

In January-October 2024, Ukraine increased exports by 16.1% to $34.6 billion, while imports increased by 9.9% to $57.4 billion, the State Customs Service reports.
“At the same time, taxable imports amounted to $47.4 billion, which is 83% of the total volume of imported goods. The tax burden per 1 kg of taxable imports in January-October 2024 amounted to $0.51/kg, which is 5% more than in the same period in 2023,” the State Customs Service website said on Friday.
Among the countries from which Ukraine imported the most goods: China ($11.6 billion), Poland ($5.6 billion), and Germany ($4.4 billion).
Ukraine exported the most to Poland – by $4 billion, Germany – by $2.4 billion, and Spain – by $2.4 billion.
It is noted that in total, 65% of imported goods in January-October 2024 were machinery, in particular, equipment and transport – $20.3 billion (during customs clearance, UAH 141 billion was paid to the budget, or 30% of customs revenues), chemical products – $9.3 billion (UAH 72.3 billion was paid to the budget, or 15% of revenues), fuel and energy – $8.7 billion (UAH 127.1 billion was paid, or 27% of customs revenues).
The top three most exported goods from Ukraine are food products – $20.3 billion, metals and metal products – $3.8 billion, and machinery, equipment and transport – $2.9 billion.
It is noted that in January-October 2024, UAH 251.7 million was paid to the budget during customs clearance of exports of goods subject to export duties.

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Ukraine plans to open 240 new markets for agricultural exports in 5 years

Ukraine currently has access to export products in 340 trade areas of agricultural products, and plans to open 240 more markets in the next five years, said Serhiy Tkachuk, head of the State Service for Food Safety and Consumer Protection.
“We are one of the key state agencies responsible for opening new markets: we work with more than 60 countries on plant and animal products. We intend to open 240 new markets within five years. At the same time, the process of our country’s integration into the EU continues. And if we look at Chapter 12 on food security, veterinary and phytosanitary policy, it alone accounts for 19% of the requirements that Ukraine faces in general. So, there is a lot of work to be done, but we will manage, because we are responsible to our defenders and future generations,” the Ministry’s press service quoted him as saying at the Kyiv International Forum.
Tkachuk also reminded that the service is one of the key players in opening new international markets for Ukrainian business, as it is responsible for controlling 100% of Ukrainian agricultural exports.
“Implementation of EU requirements is now a priority for Ukraine. But at the same time, it is important for us to defend our own interests – the interests of Ukrainian business, first and foremost. In particular, our tasks now include maintaining stable trade with partner countries, removing barriers to exports, lifting restrictions on exports of certain products, and simplifying certification and transit procedures,” he added.
The Head of the State Service of Ukraine on Food Safety and Consumer Protection also spoke about the digitalization of all processes and services of the agency. “According to him, the digitalization will reduce the time for obtaining permits from 5-20 days to 1-5 days. In addition, certain services, such as capacity registration, will be provided in real time, i.e. within a few minutes.
“It will be possible to apply for services online, without unnecessary trips, queues and stop documents, as well as to see the status of the service in your own online user account; see all inspections and their results; and pay for services easily through a single system with automatic generation of payment documents,” Tkachuk said.

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