In January-July 2022, Ukraine increased its revenue from electricity exports by 1.5 times (by $70.026 million) compared to the same period in 2021, to $205.638 million, according to the State Customs Service.
According to the Interfax-Ukraine agency, over seven months electricity was supplied to Poland for $65.056 million, Slovakia – for $48.968 million, Hungary – for $40.408 million, other countries – for $51.206 million.
In July this year, electricity export revenue amounted to $35.64 million compared to $27.373 million in June 2021.
In addition, in January-July 2022, Ukraine imported electricity for $107.931 million against $59.058 million for the same period last year. Including from Belarus – by $100.414 million (in January-February), Belgium – by $4.778 million, Moldova – by $1.041 million, other countries – by $1.698 million.
Last month, Ukraine imported electricity for $5.816 million compared to $0.461 million in July 2021.
As reported, Ukraine in 2021 reduced its revenue from electricity exports by 8.5% (by $23.89 million) compared to 2020, to $256.941 million. In addition, Ukraine imported electricity by $87.345 million in 2021 against $131.605 million for 2020th.
Ukraine in 2021 reduced the export of electricity by 26.5% (by 1 billion 258.7 million kWh) compared to 2020 – to 3 billion 495.4 million kWh, import – by 25.9% (by 591.3 million kWh), up to 1 billion 693.6 million kWh.
The state will partially compensate exporters for interest accrued and paid this year on loans insured by the Export Credit Agency (ECA), the website of the Ministry of Economy reported on Wednesday.
The corresponding decision was made by the Cabinet of Ministers at a meeting on August 23.
It is indicated that the state will partially compensate the rate on export credits, which are taken for a period of two to 12 years and amount to no more than 85% of the amount of the foreign economic contract.
Such loans should be used to replenish working capital, purchase equipment, fulfill the terms of a foreign economic contract, and build and reconstruct production facilities.
It is noted that the borrower must be a FOP or a legal entity registered on the territory of Ukraine (except for the temporarily occupied territories), not have open bankruptcy cases and not be in the process of liquidation.
The Ministry clarified that if the borrower violates the terms of interest payment for more than 15 days, compensation will be temporarily suspended.
Mining enterprises of Ukraine in January-July this year reduced the export of iron ore raw materials (IORM) in physical terms by 28.8% compared to the same period last year – up to 18 million 571.940 thousand tons.
According to statistics released by the State Customs Service (STS), over the specified period, foreign exchange earnings from the export of iron ore decreased by 49.8% – to $ 2 billion 357.073 million.
Iron ore was exported mainly to Slovakia (19.80% of deliveries in monetary terms), China (16.07%) and Poland (15.6%).
During the reporting period, IORM was imported to Ukraine for $14 thousand in a total volume of 25 tons, while in January-July 2021, iron ore for $130 thousand was imported in a total volume of 1,134 thousand tons. Imports for January-July 2022 were carried out from Britain (78.57%), Italy (14.29%) and the Russian Federation (7.14%).
As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).
Ukraine in January-July this year reduced the export of semi-finished products from carbon steel in physical terms by 64% compared to the same period last year – up to 1 million 501.779 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, exports of carbon steel semi-finished products over this period decreased by 59.3% to $955.049 million.
The main exports were to Bulgaria (21.68% of supplies in monetary terms), Italy (14.75%) and Turkey (11.2%).
In addition, Ukraine imported 5.532 thousand tons of such products in January-July, which is 56.8% less than in January-July 2021. In monetary terms, imports decreased by 55.2% – to $ 3.576 million. Imports were carried out from the Russian Federation (98.49% of supplies), Romania (1.23%) and China (0.25%).
As reported, Ukraine in 2021 reduced the export of semi-finished products from carbon steel in physical terms by 9.5% compared to 2020, to 6 million 776.44 thousand tons. In monetary terms, the export of semi-finished products from carbon steel increased by 48.8% over the year to $4 billion 93.02 million. The main exports were to Italy (30.90% of deliveries in monetary terms), Turkey (12.77%) and the Republic (8.02%).
In addition, Ukraine imported 38.97 thousand tons of such products in 2021, which is 2.6 times more than in 2020. In monetary terms, imports increased 3.9 times – up to $25.95 million. Imports were carried out from the Russian Federation (97.73% of deliveries), Turkey (1.15%) and Uzbekistan (1.08%).
Mining enterprises of Ukraine in January-July this year reduced the export of iron ore raw materials (IORM) in physical terms by 28.8% compared to the same period last year – up to 18 million 571.940 thousand tons.
According to statistics released by the State Customs Service (STS), over the specified period, foreign exchange earnings from the export of iron ore decreased by 49.8% – to $ 2 billion 357.073 million.
Iron ore was exported mainly to Slovakia (19.80% of deliveries in monetary terms), China (16.07%) and Poland (15.6%).
During the reporting period, IORM was imported to Ukraine for $14 thousand in a total volume of 25 tons, while in January-July 2021, iron ore for $130 thousand was imported in a total volume of 1,134 thousand tons. Imports for January-July 2022 were carried out from Britain (78.57%), Italy (14.29%) and the Russian Federation (7.14%).
As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).
Export of agricultural products from Ukraine in the context of the Russian military invasion could reach 5 million tons per month due to increased shipments through the unblocked Black Sea ports, but an estimate of 3.5-4.5 million tons per month looks more realistic.
As reported on the website of the consulting agency Ukragroconsult on Monday, the current 2022/23 marketing year (MY, July-June) will be non-standard due to the absence of traditional seasonal export peaks that occur as the harvest progresses.
“If you look at monthly exports from the beginning of 2018/19 MY, then seasonality is clearly visible. Conventionally, Ukrainian grain exports can be divided into three stages (waves): the wheat-barley wave (begins in July-August), the first corn wave (begins in September-August). October) and the second corn wave (begins in February-March, when the supply of corn from South America disappears from the world market),” the agency said in a statement.
According to him, there will be no significant export peaks this season due to significant leftovers from last season’s harvest ready for export, but a gradual increase in shipments will be noticeable as the work of seaports normalizes.
“Current shipments from Odessa ports are still undergoing a test period, market participants are still evaluating further prospects, so it is too early to say with confidence that Ukraine will be able to fully realize its grain export potential, but exports in August may already show a significant increase,” explains ” Ukragroconsult”.
As reported, since the beginning of 2022/2023 MY, Ukraine has exported 2.98 million tons of grain crops, including 1.94 million tons of corn (65% of the total supply), 783 thousand tons of wheat (26%) and 257 thousand tons of barley (8.8%).
In addition, in July 2022, Ukraine exported 2.66 million tons of grain and oilseeds and agricultural products for export by all modes of transport, which is 22.7% more than in June.
