Business news from Ukraine

Business news from Ukraine

Ukraine reduced export of aluminum, lead and zinc in 11 months of 2022

According to customs statistics released by the State Customs Service of Ukraine, the export of aluminum and aluminum products for 11 months of 2022 decreased by 41.3% compared to January-November 2021 – to $90.723 million ($7.173 million in November), lead and zinc products by 70.2% – to $10.574 million ($0.804 million), nickel and products – by 72.5%, to $1.168 million ($0.082 million).
Imports of tin and tin products fell 25.7% to $3.140 million ($246,000) and imports of zinc and zinc products fell 60.4% to $34.304 million ($3.813 million).
Zinc exports during the reporting period amounted to $1.321 million (in November there were no deliveries), while in January-November 2021 it was $408 thousand. Tin exports and products in January-November 2022 totaled $423 thousand (in November – $2 thousand) compared to $220 thousand during the same period last year.
Exports of aluminum and aluminum products for 2021 rose 53.9% to $169.094 million, lead and lead products rose 52.8% to $38.229 million, and nickel and nickel products rose 55% to $4.856 million.
Zinc exports last year were $550,000, up from $69,000 in 2020 (up eightfold). Tin and products exports in 2021 were $346,000 compared to $117,000 a year earlier.

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Bulgaria, Hungary and Slovakia have received right to export to Ukraine oil products from Russian oil

The ninth package of EU sanctions against Russia adopted on Friday allows Bulgaria, Hungary and Slovakia, which received a reprieve from the European Union’s oil embargo on Russian oil, to export oil products produced from it to Ukraine.
The EU Council resolution published in the EU Official Journal on December 16 says the decision “allows Hungary, Slovakia and Bulgaria to export to Ukraine certain refined products derived from Russian crude oil imported on the basis of the considered derogations (from the embargo – IF), including, if necessary, by transit through other member states.”
Another paragraph of the ruling allows Bulgaria to “export to third countries certain petroleum products derived from Russian crude oil imported on the basis of the derogations under consideration.
The publication attributes this to the need to “reduce environmental and safety risks, as such products cannot be safely stored in Bulgaria.
The document specifies that the respective annual exports should not exceed the average annual volume of exports of such products for the last five years.

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Ukraine reduced currency revenues from ferrous metals exports by 65%

Metallurgical enterprises of Ukraine in January-November this year, revenues from exports of ferrous metals decreased by 65.4% compared to the same period last year – up to $4 billion 359.303 million.
According to statistics released by the State Customs Service (SCS), during this period, ferrous metals accounted for 10.7% of total revenues from the export of goods against 20.6% in January-November 2021.
In November, revenues from exports of ferrous metals amounted to $205.647 million, while in October – $189.836 million.
At this, Ukraine reduced imports of similar products by 38.5% to $865.047 million in January-November this year, while in November it was imported by $95.612 million.
In addition, during this period, Ukraine reduced exports of metal products by 15.6% – to $983.533 million. In November, they were delivered to $79.050 million.
Imports of metal products in January-November decreased by 41.4% – to $ 591.598 million (in November – $58.052 million).
As reported, Ukraine in 2021 increased foreign exchange earnings from the export of ferrous metals by 81.4% compared to 2020 – up to $ 13 billion 951.117 million. Ferrous metals accounted for 20.5% of total revenues from the export of goods during this period against 15.63% in 2020.
At the same time, Ukraine has increased imports of similar products in 2021 by 48.8% – to $ 1 billion 547.477 million.
In addition, Ukraine has increased exports of metal products in 2021 by 43% – to $ 1 billion 293.199 million.
Imports of metal products last year increased by 28% to $1 billion 125.908 million.

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“Grain deal” has already exported more than 14 million tons of food

A dry cargo ship with more than 32,000 tons of corn left the Ukrainian port on Friday, the Joint Coordination Center (JCC) reported.
“On December 16, the vessel Almeray left the port of Odessa, it is carrying a total of 32.4 thousand tons of corn to Libya as part of the Black Sea grain initiative,” the report said.
There are two dry-cargo ships headed for Ukrainian ports, which on December 16 passed through the maritime humanitarian corridor.
“As of December 16, the total tonnage of grain and other agricultural products exported from the three Ukrainian ports is 14,023,297 tons. A total of 1,112 vessels were allowed to move so far: 556 to arrive at Ukrainian ports and 556 to leave them,” summarized the JCC.
It is noted that from December 1 to 15, more than 1.6 million tons of Ukrainian food products were shipped to other countries.
As many as 13 million tons were shipped on December 5, 12 million tons on November 26, 11 million tons on November 16, 10 million tons on November 3, 9 million tons on October 28, 8 million tons on October 21, 7 million tons on October 12, 6 million tons on October 5 and 5 million tons on September 28.

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Foreign trade turnover by most important positions in Jan-Aug 2022 (export)

Foreign trade turnover by most important positions in Jan-Aug 2022 (export)

SSC of Ukraine

Ukraine exported 32.2 million tons of agricultural products to foreign markets

Since the beginning of a full-scale Russian invasion Ukraine has supplied to foreign markets 32.2 million tons of grain, pulses, oilseeds and their products, according to the website of the Ministry of Agrarian Policy and Food of Ukraine.
At the same time in November 2022 5.9 million tons of agricultural products were shipped from the country, which is 1 million tons less than in the first October and September. By crops, 1.6 million tons of wheat (20% less than in October) and 2 million tons of corn (13% less) were shipped from Ukraine during a month.
In turn, exports of sunflower oil in November compared to the previous month increased by 8%, to 466 thousand tons, sunflower seed – by 27%, to 377 thousand tons, soybean – by 67%, to 385 thousand tons, while shipments of rapeseed decreased by almost half, to 412 thousand tons, meal of all kinds – by 25%, to 344 tons, soybean oil – by 36%, to 16 tons.
According to the Ministry of Agrarian Policy, 34.3% of foreign shipments of agricultural products in November were corn, 26.8% – corn, 7.9% – sunflower oil, 7.0% – rape, 6.5% – soybeans, 6.4% – sunflower seeds, 5.8% – meal, 5.0% – barley, 0.3% – soybean oil.
In addition, in the first nine months of the war from Ukraine exported 12.3 million tons of corn (38.2% of the total), 7.0 million tons of wheat (21.8%); 2.8 million tons of rape (8.6%); 2.8 million tons of sunflower oil (8.6%); 2.4 million tons of sunflower seed (7.4%); 1.9 million tons of meal (5.8%); 1.5 million tons of barley (4.7%); 1.3 million tons of soybeans (4.2%) and 168 tys. tons of soybean oil (0.5%).
As reported, in October and September, Ukraine exported 6.9 million tons of agricultural products, in August – 4.6 million tons, in July – 3.0 million tons, in June – 2.7 million tons, in May – 1.74 million tons, in April – 0.96 million tons and in March – 0.33 million tons.
Before Russia’s full-scale military invasion, Ukraine exported an average of 5-6 million tons of agricultural products per month, mostly through its maritime infrastructure in the Black Sea.

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