Business news from Ukraine

Ukraine in 5 months reduced export of iron ore raw materials by 55%

Mining companies in Ukraine in January-May this year, the export of iron ore raw materials (iron ore) in physical terms reduced by 55% compared to the same period last year – up to 6 million 846.487 thousand tons.
According to the statistics, released by the State Customs Service (SCS), over the period the currency proceeds from the export of iron ore amounted to $752.472 million.
Exports of iron ore products were mainly to Slovakia (29.08% in monetary terms), Czech Republic (25.06%) and Poland (21.42%).
During the first five months of this year, Ukraine imported iron ore products for $42 thousand in total volume of 68 tons. During this period, imports were carried out from Norway (57.14%), Italy (40.48%) and Sweden (2.38%).
As reported, in 2022, Ukraine reduced the export of iron ore products in kind by 45.9% compared to 2021 – up to 23 million 984.623 tons, foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million.
Exports of iron ore products was carried out mainly to Slovakia (19.23% in monetary terms), Czech Republic (17.32%) and Poland (16.49%).
Last year Ukraine imported iron ore to the amount of $65 thousand in total 101 tons, while in 2021 – $184 thousand in the amount of 1.202 tons.
Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).

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Export of important goods from Ukraine in Jan-Mar 2023 in relation to 2022

Export of important goods from Ukraine in Jan-Mar 2023 in relation to 2022

Source: Open4Business.com.ua and experts.news

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Ukraine has cut currency revenues from ferrous metals exports by more than half

Metallurgical enterprises of Ukraine in January-May of this year reduced revenues from exports of ferrous metals by 60.7% compared to the same period last year – to $ 1 billion 136.465 million.
According to the statistics, promulgated by the State Customs Service (SCC), during this period, ferrous metals accounted for 6.91% of total revenues from the export of goods against 14.8% in January-May 2022.
In May, the proceeds from the export of ferrous metals amounted to $313.168 million, while in the previous month – $239.718 million.
At the same time, Ukraine increased imports of similar products for five months of this year by 46.3% – to $485.619 million. In May, Ukraine imported products for $124.560 million.
In addition, in January-May, Ukraine has practically kept the export of metal products at the level of five months of the previous year – $424.450 million. In May, they exported by $90.854 million.
At the same time, imports of metal products in the first five months of the year rose by 21.4% – to $285.893 million. In May, Ukraine exported these goods for $64.168 million.
As reported, metallurgical enterprises of Ukraine in January-April 2023 decreased export revenues of ferrous metals in 3.2 times compared to the same period last year – up to $ 823.406 million. At the same time, the country increased imports of similar products by 27.4% – to $ 360.802 million. In addition, Ukraine reduced exports of metal products by 0.6% to $334.065 million in January-April, while imports of metal products in the first four months of the year rose by 11.1% – to $221.719 million.
Metal companies in Ukraine in 2022, revenues from exports of ferrous metals decreased by 67.5% compared to 2021 – up to $4 billion 533.088 million – the ferrous metals accounted for 10.26% of total revenues from the export of goods during this period against 20.49% in 2021. At the same time, Ukraine has reduced imports of similar products last year by 38.3% – to $954.387 million.
In addition, in 2022, Ukraine reduced exports of metal products by 18.6% – to $ 1 billion 52.512 million. Imports of metal products for the year fell by 42.9% – to $ 643.162 million.

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Aluminum exports from Ukraine in January-May 2023 increased by 0.7%

According to customs statistics released by the State Customs Service of Ukraine, the export of aluminum and aluminum products in January-May this year increased by 0.7% compared to a year earlier – to $39.735 million (in May – $8.306 million), lead and aluminum products decreased by 17.2% – to $6.684 million ($1.214 million).
Exports of aluminum and aluminum products for 2022 decreased 42.7% from 2021 to $96.972 million, lead and lead products decreased 68.7% to $11.970 million, and nickel and nickel products decreased 73.9% to $1.268 million.

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Ukraine imports half as much electricity as it exports in May

Ukraine in May exported about 41,000 MWh, while importing half as much – about 20,000 MWh, according to published data on the website of the continental European network of system operators ENTSO-E.
Electric power was exported to Moldova, amounting to 23.3 thousand MWh and to Poland – 17.6 thousand MWh.
In the last week of May, after the announced shutdown of some units, there were no exports except for a few hours during certain days, and the transmission system operator, NEC Ukrenergo, did not auction any capacity for exports at the end of May, except for a few hours on certain days.
Imports came from Slovakia – about 18,000 MWh and from Moldova – about 2,000 MWh (the last few days of May data for Moldova are not displayed on the ENTSO-E website – ER). At the same time, it has increased considerably since May 20, almost six times compared to the first half of the month.
At the same time, exports decreased three times compared with the first two weeks of May.
At the same time in May, due to the growing demand for exports and restrictions on their implementation, traders for the first time began to pay for exports to Moldova and Poland (along the line KAES-Zheshuv) – UAH 1.8 million and UAH 0.5 million respectively. Also 1.3 million UAH were paid for the section for imports from Slovakia on certain days.
As reported, exports of electricity, which was resumed in April after it was stopped in October, amounted to 89.7 thousand MWh for the month. Most of the electricity was exported to Moldova – over 40 thou MWh, another 30.4 thou MWh went to Poland and 19.2 thou MWh to Slovakia.
However, exports to Slovakia lasted only four days, having been suspended since April 21 at the initiative of the Slovak transmission system operator.
The section to Slovakia for 4 days brought to Ukrenergo about 17 mln hryvnia. The NERC, Ukrenergo and the Ministry of Energy are resolving the issue of resuming exports to Slovakia.
Electricity imports in April amounted to about 4 thou MWh – 3.8 thou MWh from Slovakia (a third less than in March) and 0.1 MWh from Moldova (in March there were 1,541 MWh).

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Croatia against extending ban on export of grain from Ukraine to EU until late 2023

The European Union (EU) and Ukraine need to find a solution that would allow Ukrainian farmers to work, exporting grain to the EU in the volumes they need, Croatian Minister of Agriculture Marija Vučković said at an online meeting with Ukrainian Minister of Agrarian Policy Mykola Solsky on Tuesday.
Vučković is confident that the restrictions on the export of Ukrainian agricultural products to Europe, which were introduced by the European Commission until June 5, should not be extended after this date, the press service of Ukraine’s Ministry of Agrarian Policy and Food said.
Solsky, in turn, thanked his colleague for understanding. He also said that Croatia became one of the signatories of the letter of the European Commission sent by the relevant ministers of 14 states of the European Union. In this appeal, they expressed concern about the temporary ban on importing Ukrainian agricultural products to five states of the European Union.

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