Business news from Ukraine

Business news from Ukraine

Ukraine resumed export of nitrogen fertilizers and exported 12 thousand tons in January-April

Ukraine resumed export of nitrogen fertilizers and exported 12 thousand tons in January-April this year, Infoindustriya news agency reported.
“The focus on export is not accidental: because of the decrease of activity in the domestic market of Ukraine producers will have to go to foreign markets (Turkey, Moldova, EU countries). We can even export complex fertilizers, although the cost of phosphate remains high, but the available potassium and the low price of gas opens other opportunities for producers”, – explained the director of the agency Dmitriy Gordeichuk.
According to the agency, in the four months of 2023, Ukraine also exported to Moldova and the EU 3 thousand tons of carbamide, about 2 thousand tons of lime nitrate, 565 tons of urea.
Now Ukraine has low gas prices compared to the EU countries, which allow Ukrainian producers to export profitably, primarily urea, the analysts emphasized.

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Ukraine cuts ferroalloys exports by 5.5%

Ukraine in January-April this year reduced exports of ferroalloys in physical terms by 5.5 percent compared to the same period last year – to 208,019 thousand tons.
According to the statistics released by the State Customs Service (SCS), in monetary terms, ferroalloys exports fell by 53.9% to $180.098 million.
At that, the main export was carried out to Poland (69.06% of supplies in money terms), Italy (6.10%) and Turkey (5.51%).
In addition, during this period, Ukraine imported 2.096 thousand tons of these products, which is 84.4% less compared to January-April 2022. In monetary terms, imports decreased by 77.6% – to $10.368 million.
Imports were carried out mainly from Armenia (27.92%), Colombia (13.14%) and India (12.20%).
As reported, in 2022, Ukraine reduced the export of ferroalloys in volume terms by 47.7% compared to the previous year – up to 349.560 tons, in monetary terms by 46% – to $ 564.136 million. At that, the main exports were shipped to Poland (53.25% in monetary terms), Netherlands (13.13%) and Romania (5.66%).
In addition, last year Ukraine imported 20.546 thousand tons of these products, which is 65.5% less compared to 2021. In monetary terms, imports decreased by 59.1% – to $72.705 million. Imports were carried out mainly from Norway (22.67%), China (15.60%) and Kazakhstan (14.10%).
Stakhaniv and Zaporizhia ferroalloys plants (NWF and ZZF) were organized by PrivatBank (Kyiv) before the nationalization of the financial institution. Nikopol Ferroalloy Plant is controlled by EastOne Group, created in the fall of 2007 as a result of restructuring of Interpipe Group, as well as Privat Group.

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Export of dairy products from Ukraine dropped by 27%

Ukraine in April 2023 exported 6.55 thousand tons of dairy products, which is 27% less than in March, while imports increased by 3% and reached 5.17 thousand tons, the Ukrainian Club of Agrarian Business (UCAB) said.
“Despite the fact that some bans have been lifted, they had a very negative impact on the foreign economic situation in the industry. The last time such export volumes were observed a year ago, before the European Parliament supported the termination of import duties on Ukrainian agricultural products”, – UCAB analyst Maxim Gopka said.
According to the experts, the main reasons for the decrease of export were the blockade of import of Ukrainian agricultural products to the EU, difficulties with transit through East European countries and passive demand in the world.
UCAB points out that the decline in supplies can be observed in almost all categories without exception: unthickened milk and cream – by 33%, to 1.66 thousand tons; condensed milk and cream – by 40%, to 988 tons; yogurt and kefir – 17%, to 200 tons.
Exports of milk whey decreased by 17% to 1.03 thousand tons; butter – by 4% to 808 tons; ice cream – by 2% to 824 tons; cheese of all kinds – by 33% to 515 tons.
The Association also stressed that the export of dairy products to Poland fell in April by 29% compared to March and amounted to 242 tons.
The largest importers of Ukrainian products remained Moldova, Kazakhstan and Azerbaijan.
As for imports, the biggest growth – by 74% to 142 tons – was observed for milk and cream, the UCAB stated.

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Ukraine cancels export licensing for many food products

Ukraine has abolished the need to obtain licenses for the export of live cattle, chicken, frozen beef as well as meat and edible meat by-products and flour from them.
Corresponding changes to the list of goods, export and import of which in 2023 are subject to licensing, made by the decision of the Cabinet of Ministers № 472 of May 12, published on its website.
In addition, the liberalization affected the export of eggs, rye, oats and millet.
At the same time, exports of buckwheat, sugar and mineral fertilizers are still subject to licensing.

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Ukraine again began exporting coke, while imports decreased by 86%

Ukraine in January-April this year decreased the export of coke and semi-coke in physical terms by 73.6% compared to the same period last year to 668 tons.
According to statistics released by the State Customs Service (SCS), Ukraine did not export coke in January-March this year, as it did in December last year. All exports for the four months of 2023 came in April. In monetary terms, it fell by 77.6%, to $170 thousand.
Ukraine imported 32,168 thousand tons of coke and semi-coke in January-April 2023, down 86.2% from the same period in 2022. In monetary terms, imports fell by 86.2% to $16.095 million.
Exports were to Moldova (100% of supplies in monetary terms) and imports were mainly from Poland (91.29%), Hungary (5.14%) and Colombia (3.56%).
As earlier reported, in 2022, Ukraine reduced the export of coke and semi-coke in volume terms by 98% compared with the previous year – up to 3.856 tons, in monetary terms by 97.6% – to $1.011 million. The main export was carried out in Hungary (42.63% of supplies in monetary terms), Georgia (37.69%) and Turkey (17.41%).
Ukraine imported 359.192 thousand tons of coke and semi-coke in 2022, down 54.5% compared to 2021. In monetary terms, imports decreased by 50.3% to $174.499 million. Imports were mainly from Russia (43.43% of supplies in monetary terms, before the war), Poland (30.07%) and the Czech Republic (13.15%).
Due to the war, a number of mines and coke plants are located in territories temporarily outside Ukrainian control.

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Ukraine in January-April reduced foreign exchange earnings from ferrous metals exports by more than 3 times

Metallurgical enterprises of Ukraine in January-April this year reduced revenues from ferrous metals exports by 3.2 times compared to the same period last year – to $823.406m.
According to the statistics released by the State Customs Service (SCS), during this period, ferrous metals accounted for 6.18% of total revenues from the export of goods against 15.65% in January-April 2022.
In April, proceeds from exports of ferrous metals amounted to $239.718 million, while in the previous month – $226.613 million.
At the same time for four months of this year, Ukraine increased imports of similar products by 27.4% – to $360.802 million. In April, $100.221 million worth of products were imported.
In addition, in January-April, Ukraine reduced exports of metal products by 0.6% – to $334.065 million. In April, they exported by $90.859 million.
At the same time, imports of metal products in the first four months of the year increased by 11.1% – to $221.719 million. In April, Ukraine exported these products at $47.423 million.
As reported, metallurgical enterprises of Ukraine in the first quarter of 2023 decreased export revenues of ferrous metals in four times compared to the same period of 2022 – to $ 583.689 million from $ 264.56 million. During this period, the country increased imports of similar products by 4.5% – to $ 260.487 million.
In addition, in January-March, Ukraine reduced exports of metal products by 9.6% to $243.726 million and imports by 30.1% to $174.191 million.
Ukraine’s metal companies in 2022 decreased revenues from exports of ferrous metals by 67.5% compared to 2021 – up to $4 billion 533.088 million – ferrous metals accounted for 10.26% of total revenues from the export of goods during this period against 20.49% in 2021. At the same time, Ukraine has reduced imports of similar products last year by 38.3% – to $954.387 million.
In addition, in 2022, Ukraine reduced exports of metal products by 18.6% – to $ 1 billion 52.512 million. Imports of metal products for the year fell by 42.9% – to $ 643.162 million.

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