As of December 27, Ukraine exported 21.256 mln tonnes of grains and pulses since the beginning of the 2024-2025 marketing year (July-2024 – June-2025), of which 2.882 mln tonnes have been shipped since the beginning of the current month, the press service of the Ministry of Agrarian Policy and Food reported, citing the State Customs Service.
According to the report, as of the same date last year, the total shipments amounted to 17.484 million tons, including 4.387 million tons in December.
In particular, since the beginning of the current season, Ukraine has exported 9.613 mln tonnes of wheat (7.255 mln tonnes in 2023/24 MY), 1.968 mln tonnes of barley (991 thsd tonnes), 10.8 thsd tonnes of rye (1 thsd tonnes), and 9.351 mln tonnes of corn (9.097 mln tonnes).
The total exports of Ukrainian flour since the beginning of the season as of December 27 are estimated at 37 thsd tonnes (in 2023/24 MY – 57 thsd tonnes), including 33.9 thsd tonnes of wheat (54.2 thsd tonnes).
In January-November 2024, Ukraine increased imports of nickel and nickel products by 64.8% to $23.672 million. Nickel exports during this period amounted to only $585 thousand, which is 15% more than in the same period last year.
Nickel is used to make stainless steel and for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy and in chemicals.
Ukraine exported almost 1.7 million tons of corn as of December 23, and by the end of the month the total volume will exceed 2 million tons, despite problems with shipments at the beginning of the month that slowed down the pace of exports, according to the analytical cooperative “Start”, created within the framework of the All-Ukrainian Agrarian Council.
According to analysts on the UAC’s Facebook page on Thursday, corn prices are stable at $205-207 per ton on a CPT basis. They predict that corn has the potential to reach $210-215/ton in January. The key factor that may affect further price growth is weather conditions in Brazil and Argentina.
“The corn market is in a kind of “golden period”. In January, any importer who wants to receive supplies has to turn to Ukraine, as the US corn is already sold out. This creates conditions for sellers to dictate the price. However, it is important to remember that in February-March we may face competitive pressure on the European market due to cheaper U.S. corn,” the experts said.
They pointed out that Ukrainian corn remains the main player on the European market, while the US actively exports to Latin America and Mexico. However, the price difference between Ukrainian and American corn on the European market is about $10 in favor of American products.
According to forecasts, in January the market will be sensitive to news about the sowing campaign of the second harvest in Brazil and the condition of crops in Argentina, where there are already problems with moisture.
“Over the past 10 years, only twice the corn market has been stable in January and February without significant price fluctuations. Therefore, the probability of getting higher prices during this period is quite high. But in April-May, corn may become a scarce commodity, which will again create preconditions for price growth,” Pusk summarized.
In January-November 2024, Ukraine increased imports of aluminum and aluminum products by 22.29% to $409.063 million, while exports increased by 30% to $115.982 million.
In November, aluminum imports amounted to $32.794 million, while exports amounted to $10.423 million.
In addition, in 2023, Ukraine increased imports of aluminum and aluminum products by 7.7% to $366.463 million.
In 2023, exports of aluminum and aluminum products increased by 0.7% compared to 2022, to $97.616 million.
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, stamping resistance, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber). After the construction and production of packaging, such as aluminum cans and foil, the energy sector is the largest consumer of the metal.
In January-November this year, Ukrainian companies increased imports of copper and copper products in value terms by 6.1% year-on-year to $127.286 million.
According to customs statistics released by the State Customs Service of Ukraine on Monday, exports of copper and copper products increased by 24.5% to $81.110 million over the period under review.
In November, Ukraine imported copper worth $11.033 million and exported it worth $8.129 million.
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.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.
The Export Credit Agency of Ukraine (ECA) has supported exports worth UAH 7.22 billion in 11 months of 2024, First Vice Prime Minister and Minister of Economy Yulia Svyrydenko said.
“Supporting and developing non-resource exports is one of the key areas of the Made in Ukraine policy. Over eleven months, the ECA has insured UAH 1 billion of export credits, supporting UAH 7.22 billion of exports. This is almost UAH 2 billion more than in January-November 2023. It is important that one hryvnia of insurance liability was converted into UAH 7.83 of future export revenue,” the press service of the Ministry of Economy quoted the Deputy Prime Minister as saying.
According to the Ministry, the top three regions in terms of exports supported over 11 months are as follows: Kyiv – UAH 3.8 billion (UAH 304 million of loans issued), Lviv – UAH 1.25 billion (UAH 147 million), Vinnytsia – UAH 702.8 million (UAH 183 million).
In 2024, eight banks insured their clients’ loans with the ECA. Ukrgasbank ranked first in terms of supported exports for the period under review (UAH 2.9 billion), FUIB was second (UAH 1.78 billion), and MTB Bank was third (UAH 980 million).
The most popular countries for exporting Ukrainian goods are Poland, the UAE, Azerbaijan, Germany, and Slovakia.
The largest export volumes were in the commodity groups of milk and dairy products, wood and wood products, and processed fruits and vegetables.
The ECA instruments are one of the elements of the “Made in Ukraine” policy, which was presented by President Volodymyr Zelenskyy in February. Its goal is to support non-resource exports, develop production and attract investment in the real sector, the Ministry of Economy reminded.
