Ukraine in January-March this year, Ukraine increased exports of sunflower oil by 14.5% – to 1 million 322.611 thousand tons.
According to customs statistics, in monetary terms, exports of these products in the first quarter decreased by 13.6% – to $1 billion 355.889 million ($1 billion 568.449 million in the first quarter of 2022).
In 2022, Ukraine reduced exports of sunflower oil by 16.4%, to $4 billion 290.336 million, in monetary terms – by 14.5%, to $5 billion 464.151 million.
Ukraine increased export of condensed milk and cream fourfold – up to 6.747 thousand tons in January-March 2023. Ukraine exported condensed milk and cream totaling $17.680 million in January-March 2023 (+83.8% for the same period). Imports of this group of products decreased by 3.2 times, to 220 tons, in monetary terms, fell by 4.8 times – to $ 940 thousand.
Most exports of condensed milk and cream went to Poland (21.74% of deliveries in monetary terms), Israel (10.16%) and Bangladesh (9.08%), while imports – from Poland (55.64%), Czech Republic (28.62%) and Germany (13.72%).
The saturated market of Ukraine and its geographical location make our country an attractive market for foreign goods. However, importing goods to Ukraine is a complex process that requires knowledge of legislation, international relations, and customs clearance procedures. These and other issues were discussed by the founder of the Club of Experts Maxim Urakin and the President of the Ukrainian Exporters Club Yevheniia Lytvynova in a new video on the YouTube channel “Club of Experts”.
According to Maksym Urakin, before starting to import goods, it is necessary to conduct a detailed analysis of the market and legislation of Ukraine and the exporting country, as well as calculate all costs associated with delivery, customs clearance and taxes.
“This will help you draw up a clear action plan and avoid unpleasant situations during the import process,” the expert emphasized.
Yevheniia Lytvynova, President of the Ukrainian Exporters Club, also emphasizes the need to research the market and check the reputation of potential suppliers.
“Market research and checking the reputation of potential partners can help you find a reliable supplier,” she said.
According to Yevheniia Lytvynova, successful import of goods requires a thorough analysis of all aspects of the importer’s future business strategy.
“Before you start importing goods, you need to conduct a detailed analysis of the market, legal requirements and your capabilities, as well as calculate all the costs associated with delivery, customs clearance and taxes. This will help you draw up a clear plan of action and avoid unpleasant situations during the import process,” emphasized Lytvynova.
Regarding the documents to be prepared for importing goods, Lytvynova noted that the contract between the importer and exporter, invoice, transportation document (e.g., waybill or bill of lading), quality certificate and certificate of origin should be put in the forefront.
“In addition to these basic documents, additional documents may be required depending on the characteristics of the goods and the requirements of Ukrainian legislation. In particular, licenses, certificates of conformity, permits and other documents confirming compliance with safety, hygiene, environmental requirements, etc. may be required,” she explained.
Maksym Urakin also emphasized that studying local legislation and choosing a reliable supplier are also very important steps in the import process. According to the experts, in order to successfully sell goods in Ukraine, it is also necessary to take into account the difficulties that may arise after their delivery.
“Even if the goods are of high quality and interesting, they still need to be sold. But here in Ukraine, even after obtaining certificates and relevant permits, sales can be restricted due to various customs barriers, which leads to breach of contract. Therefore, we advise our companies to conduct a detailed analysis of the market and legal requirements. This will allow them to prepare the right documentation and comply with all requirements,” said Yevgeniya Lytvynova.
To increase export sales, experts recommend improving product quality and providing buyers with more information about their goods.
“Nowadays, many buyers check the quality of goods and their compliance with standards. If your products don’t meet the requirements, they simply won’t buy them,” emphasized Maksym Urakin.
In this regard, experts advise to focus on developing the quality of goods and their competitiveness. In addition, according to Maxim Urakin, it is important to participate in international exhibitions and forums where you can find new partners and establish contacts with potential suppliers.
Thus, according to the experts, it is very important to comply with all the requirements and norms set by law when importing goods, conduct a detailed market analysis and check the reputation of suppliers. It is also important to ensure the quality of goods and timely delivery, while considering all possible risks and costs. Importing goods can be a very profitable business if you organize it properly. Experienced experts advise to study the market and determine your capabilities to avoid unpleasant situations and ensure successful business development.
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The Lithuanian government may help Ukraine export up to 1 million tons of grain by rail after Poland temporarily banned grain imports from Ukraine, said Lithuanian Economy and Innovation Minister Ausrini Armonaitė.
“The port of Klaipeda and Lithuanian Railways can play an important role in creating momentum to help Poland resolve the situation and guarantee grain exports outside the EU. Lithuania could help safely transport up to 1 million tons of grain from Ukraine by rail. This would be a real solution for Ukraine and a benefit for Poland,” Verslo zinios quoted the minister as saying.
In turn, the president of the Association of Lithuanian Sea Cargo Companies Vaidotas Shileyko noted that the port of Klaipeda is able to process more than 1 million tons of grain a year, but because of the difficult logistics, it is impossible to import more.
“Lithuanian railroads started transporting small volumes of Ukrainian grain through Poland to the port of Klaipeda last May. The main problem here is different railway gauges: Ukraine and Lithuania still use Russian gauges, while Poland uses European ones, which means that rolling stock has to be changed at the border,” he explained.
Dynamics of prices for main agricultural products in structure of Ukraine’s export in 2020-2022
Source: Open4Business.com.ua and experts.news
Ukraine in January-March this year, Ukraine increased exports of sunflower oil by 14.5% – to 1 million 322.611 thousand tons. According to customs statistics, in monetary terms, exports of these products in the first quarter decreased by 13.6% – to $1 billion 355.889 million ($1 billion 568.449 million in 1Q2022).
During this period, the export of soybean oil increased by 36.6% – to 78,091 thousand tons, in monetary terms increased by 1.6% – to $77.689 million.
In 2022, Ukraine reduced exports of sunflower oil by 16.4% to $4 billion 290.336 million, in monetary terms – by 14.5% to $5 billion 464.151 million.
Soybean oil exports in 2022 were 237,025 thousand tons, down 1.7% from 20211. In monetary terms, exports rose by 3.2% to $304.685 million.
