Business news from Ukraine

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-FEB 2021

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-FEB 2021

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UKRAINE CAN EXPORT DAIRY PRODUCTS AND MILK TO KUWAIT

The Ministry of Foreign Affairs of Ukraine and the State Service for Food Safety and Consumer Protection have agreed with the competent authority of the State of Kuwait on the form of an export veterinary certificate for the supply of milk and dairy products to this country, the state food service said in a press release on Tuesday.
“The Gulf region, in particular Kuwait, is of interest to many Ukrainian food producers. I am pleased to announce that today we have created additional opportunities for them to earn money in this market thanks to the joint work of the Ministry of Foreign Affairs and the State Food Service. In the long term, this will also strengthen Ukraine’s position as a supplier of agricultural and food products to Kuwait,” Ukrainian Foreign Minister Dmytro Kuleba said.
The form of this certificate is posted on the website of the State Service for Food Safety and Consumer Protection.
“The work on opening new export markets is extremely important, since an increase in Ukrainian exports is a guarantee of the economic growth of our state,” Head of the service Vladyslava Mahaletska said.

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EXPORT OF ALUMINUM FROM UKRAINE IN JAN-APR GROWS BY 46% TO $49.5 MLN

Export of aluminum and products from it in January-April-2021 grew by 46.4% compared to January-April 2020, to $49.551 million (in April – $13.167 million), lead and products from it by 60%, to $12.360 million ($2.723 million), nickel and products – by 31.2%, to $1.367 million ($0.352 million).
In addition, zinc exports in January-April-2021 amounted to $17,000 (in April – $7,000), while in January-April-2020 it was also $17,000. Export of tin and products in January-April-2020 amounted to $8,000 (in April – $3,000), while in January-April 2020 – $42,000.
In addition, Ukraine in January-April-2021 increased imports of nickel and products from it by 22.4% compared to the same period in 2020, to $32.750 million (in April – $9.428 million), aluminum and products from it – by 10% , to $129.966 million ($34.997 million). At the same time, it increased the import of lead and products from it by 3.1 times, to $4.603 million ($1.040 million), increased the import of tin and products from it by 43.5%, to $1.145 million ($402,000), and also increased zinc and zinc products by 90.7%, to $28.139 million ($9.561 million).

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U.S. DEPARTMENT OF AGRICULTURE IMPROVES FORECAST FOR EXPORT OF SUNFLOWER OIL FROM UKRAINE

The U.S. Department of Agriculture (USDA) in May improved the forecast for the export of Ukrainian sunflowerseed oil in 2021/2022 (September-August) by 18.9% compared to 2020/21, to 6.4 million tonnes, with an increase in its production by 17.7%, to 6.99 million tonnes. According to the monthly report of the department, in 2021/2022, an increase in sunflowerseed production in Ukraine is expected by 18.4% compared to 2020/2021, to 16.7 million tonnes, sunflowerseed meal exports are expected to grow by 16.4%, to 5.3 million tonnes.
The USDA said that the growth in exports of sunflower oil and meal compared to the low level of the last marketing season will be due to the recovery of oil extraction volumes in Ukraine.
The U.S. Department of Agriculture also said that Ukraine rapeseed production is forecast to recover from last season’s low level, rising 200,000 tonnes to 3.0 million. Exports are projected to rise 190,000 tonnes to 2.6 million. Exports of rapeseed meal at 175,000 tonnes and oil at 165,000 tonnes are forecast to rise.

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UKRAINE BOOSTS FERROALLOY EXPORT BY 24%

Ukraine in January-April of this year increased exports of ferroalloys in kind by 24.1% compared to the same period last year, to 205,506 tonnes.
According to customs statistics released by the State Customs Service, in monetary terms, exports of ferroalloys decreased 13.1%, to $246.614 million.
The main export of ferroalloys was to Turkey (17.42% of supplies in monetary terms), Poland (13.08%) and Italy (12.69%).
In addition, in January-April 2021, Ukraine imported 18,547 tonnes of these products, which is 28% more compared to January-April 2020. In monetary terms, imports grew by 17.2%, to $43.224 million.
Imports were mainly from Brazil (17.9%), Kazakhstan (16.92%), and the Czech Republic (11.69%).
PrivatBank (Kyiv) prior to its nationalization organized the business of Stakhanov and Zaporizhia ferroalloys plants. Nikopol Ferroalloy Plant is under control of the EastOne Group, established in autumn 2007 as a result of the restructuring of the Interpipe group, as well as the Privat Group.

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UKRAINIAN ENTERPRISES IN JAN-APR INCREASE EXPORT OF FERROUS SCRAP METAL BY 7.5 TIMES

Ukrainian enterprises in January-April this year increased the export of ferrous scrap 7.5 times compared to the same period last year, to 86,979 tonnes, including 37,874 tonnes of scrap in April.
According to statistics released by the State Customs Service on Tuesday, in monetary terms, the export of scrap metal grew 10 times, to $30.712 million.
At the same time, in January-April of this year, the country increased the import of scrap metal in kind by 36.1%, to 7,755 tonnes. In monetary terms, the import of scrap increased 2.1 times, to $13.009 million.
The import of scrap metal in January-April of this year was carried out mainly from Turkey (61.77% of deliveries in monetary terms), the Russian Federation (29.56%) and the United States (3.13%); export – to Turkey (94.65%), Lithuania (1.32%) and Germany (1.25%).

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