Business news from Ukraine

UKRAINE RAISES UP REVENUE FROM EXPORT OF RAPESEEDS

Ukraine in 2021 increased the export of rapeseeds in monetary terms by 67.8% compared to 2020 – to $1.69 billion, but reduced soybeans by 12%, to $610 million, according to the generalized statistics posted on the website of the State Customs Service.
Total exports of products from group No. 12 of the Ukrainian classification of goods for foreign economic activity “Seeds and fruits of oil plants; other seeds, fruits and grains; technical or medicinal plants; straw and fodder” last year increased by 32.2% compared to 2020 – to $2.44 billion.
During this period, Ukraine also exported flax seeds for $17.4 million (an increase of 2.3 times), oilseeds for sowing for $14.8 million (down 16.6%), oilseeds for medicine and perfumery for $20.6 million (up 12.3%).
The largest part of the revenue in this group of goods was generated by the export of rapeseeds (69.3%) and soybeans (25%).
In 2021, Ukraine increased imports of goods from group No. 12 by 16% compared to 2020 – up to $450 million. In particular, imports of sunflower seeds amounted to $244 million (down 40%), rapeseeds – $71.2 million (growth by 2 times), oil seeds for sowing – $58.9 million (up 7.6%), peanuts – $41.1 million (up 5.6%).
Thus, over the past year, Ukraine’s surplus from trade in goods of group No. 12 amounted to $1.99 billion, which is 36.5% more than in 2020.
Trade in these goods in 2021 became the sixth direction for Ukraine in terms of foreign exchange earnings after trading in ferrous metals (total sales of $13.96 billion), grains ($12.35 billion), ore ($7.13 billion), vegetable oils and fats and those of animal origin ($7.05 billion), electrical equipment and machinery ($3.09 billion).

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UKRAINE AGREED TO EXPORT 2 TONS OF PRECIOUS METAL SCRAP IN 2022

Ukraine has introduced a quota for the export of precious metal scrap and waste for 2022 in the amount of 2 tonnes (in terms of the mass of pure precious metal).
The corresponding resolution was adopted by the Cabinet of Ministers at a meeting on Wednesday.
As reported, since 2013, Ukraine has banned (introduced zero quotas) on the export of gold and silver in raw or semi-processed form or in powder form. In addition, a zero quota was set for the export of precious metal scrap and waste. For 2022, the ban on the export of gold and silver (except for bank metals) in the form of a zero quota has been retained.
At the same time, in 2012, the export quota for unprocessed silver was 1,000 kg, gold – 80 kg, waste and scrap of precious metals – 500 kg.

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UKRAINE BOOSTS EARNINGS OF IRON ORE EXPORT BY 80%

Ukrainian mining enterprises in January-November this year reduced export of iron ore raw materials (iron ore) in quantity terms by 2.8% compared to the same period last year, to 40.667 million tonnes.
According to the updated statistics released by the State Customs Service, during the specified period, foreign exchange earnings from iron ore exports increased by 78.7%, to $6.63 billion.
Iron ore was exported mainly to China (42.6% of supplies in monetary terms), the Czech Republic (9.61%) and Poland (7.82%).
In January-November 2021, iron ore was imported to Ukraine for $183,000 in a total volume of 1,202 tonnes, while in January-November 2020, some 104 tonnes of iron ore were imported for $58,000.
In January-November 2021, iron ore was imported mainly from Egypt (56.28%), the Netherlands (21.31%) and Poland (7.1%).

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UKRAINES EXPORT OF SCRAP METAL RAISES UP IN MONEY VALUES BY 25 TIMES IN JAN-NOV

Ukrainian enterprises in January-November of this year increased the export of ferrous scrap, according to operational data, by 24.8 times compared to the same period last year, to $211.92 million from $8.55 million.
According to preliminary summarized statistics released by the State Customs Service on Thursday, in money values, the export of scrap metal in November 2021 amounted to $16.17 million, while in November 2020 it was $352,340.
At the same time, in January-November of this year, the country increased the import of scrap metal in money values by 88%, to $40.91 million; in November, scrap was imported for $3.47 million.

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UKRAINE INCREASE SEED EXPORTS TO EU IN JAN-NOV

Ukraine exported 1,640 tonnes of seeds to the countries of the European Union in January-October 2021, which is twice the figures for the entire 2020 (820 tonnes) and 5 times more than in 2019 (320 tonnes), according a Thursday posting on the website of the State Service for Food Safety and Consumer Protection.
“Opening the European market for us is a 10-year way. Negotiations on the recognition of domestic seeds as compliant with EU requirements began in 2011 and lasted a very long time. Now, we have every opportunity to benefit from the many years of work of negotiators – dozens of people from business and government,” the authority quoted its head Vladyslava Mahaletska speaking at the online conference Seed Forum 2021.
According to the authority, in January-October 2021, 1,210 tonnes of corn seeds, 330 tonnes of wheat seeds, and 50 tonnes of sunflower seeds and all other crops in total were exported to the EU.
To open the export of seeds from Ukraine and to comply with the phytosanitary requirements of the EU, in 2021 17 areas in Ukraine on a total of 673 hectares were assigned the status of pest-free, to be able to grow seed on them.

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