Business news from Ukraine

Ukraine increased exports of scrap metal by 46%

Ukrainian companies in January this year increased the export of scrap ferrous metals by 45.5% compared to the same period last year – up to 8,280 thousand tons.
According to statistics released by the State Customs Service (SCS), in terms of money exports of scrap metal decreased by 8.5% – to $ 2.362 million.
At the same time, the country did not import scrap metal in the first month of the year.
Exports of scrap metal in January-2023 was carried out in Poland (95.68%), Slovakia (2.58%) and Germany (1.10%).
As reported, Ukraine in 2022, scrap exports of ferrous metals decreased by 11.5 times compared to the previous year – up to 53.557 tons, in monetary terms down to 12.4 times – to $ 19.271 million. At the same time, last year, the country reduced the import of scrap metal in kind by 12.6 times – to 1.824 thousand tons. Imports of scrap metal in 2022 was carried out mainly from Turkey (78.92% of supplies in monetary terms), Russia (13.25%) and Cyprus (5.08%), while exports – to Turkey (38.97%), Poland (34.25%) and Greece (10.12%).

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Ukraine cuts exports of titanium-containing ores by 11 times

Ukraine in January this year reduced the export of titanium ores and concentrates in physical terms by 10.99 times compared to the same period last year – up to 2.066 thousand tons.
According to statistics released by the State Customs Service (SCS), exports of titanium ores and concentrates decreased 3.5 times in monetary terms – to $3.308 million.
At the same time, the main exports were shipped to Japan (72.22% in monetary terms), Egypt (13.94%) and Turkey (11.03%).
Ukraine in this period, as well as in January 2022, did not import these products.
As previously reported, in 2022, Ukraine reduced the export of titanium ore and concentrate in volume terms by 41.8% YoY – to 322.143 thousand tons, in monetary terms by 19.6% – to $130.144 million.
At the same time, the main export was carried out in the Czech Republic (47.91% in monetary terms), the U.S. (11.94%) and Romania (9.75%).
In 2022, Ukraine imported 196 tons of similar products from Senegal (70.41%) and Turkey (29.59%) for $115 thousand.
In Ukraine, the titaniferous ores are currently mined mainly at the United Mining and Chemical Company PJSC (UMCP), which controls Volnogorsk Mining and Metallurgical Works (VMMC, Dnepropetrovsk Region) and Irshansk Mining and Processing Works (IGOK, Zhitomir Region), as well as at Mezhdurechensk Mining and Processing LLC and Valki-Ilmenite LLC (both Irshansk, Zhitomir Region).
In addition, the production and commercial firm VELTA (Dnipro) has built a GOK at the Birzulovskoye deposit with a capacity of 240 thousand tons of ilmenite concentrate per year.

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Ukraine reduced exports of semi-finished steel products by 92%

Ukraine in January this year reduced the export of semi-finished carbon steel products in physical terms by 92.1% compared to the same period last year – to 38,341 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, exports of semi-finished carbon steel products in January 2022 declined by 93% – to $20.897 million.
The main export was carried out to Poland (54.20% of supplies in money terms), Denmark (24.91%) and Italy (11.31%).
In January-2023, Ukraine did not import any semi-finished products, whereas in January-2022 it imported 2.606 thousand tons of these products for $1.546 million. Imports were carried out from Russia (100% of supplies).
As reported, in 2022, Ukraine reduced the export of semifinished products of carbon steel in physical terms by 72% compared to the previous year – to 1 million 899.729 tons, in monetary terms by 70.9% – to $ 1 billion 191.279 million. The main export was carried out in Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).
In addition, Ukraine imported 5.558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% – to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies – before the war), China (1.84%) and Romania (1.21%).

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Ukraine reduced copper imports by 21% and exports by 56%

Ukrainian companies in January this year, imports of copper and copper products in value terms decreased by 20.9% compared to the same period last year – up to $ 6.368 million.
According to customs statistics, released by the State Customs Service of Ukraine on Thursday, the export of copper and copper products for the period decreased by 56.2% – to $ 6.407 million.
In addition, Ukraine reduced imports of nickel and its products by 96.2% in January 2022 compared to January 2021 – to $312 thousand, aluminum and its products – by 33.6%, to $26.529 million. In addition, Ukraine reduced imports of lead and its products by 95.4% – to $32 thousand, imports of tin and its products by 20.4%, to $172 thousand, and zinc and zinc products – by 67%, to $2.238 million.
Exports of aluminum and aluminum products in the first month of 2023 fell 33.7% from January 2022 to $6.776 million, lead and lead products fell 41.4% to $1.633 million, and nickel and nickel products were $3,000, down from $397,000 in January 2022.
There were no zinc exports last month, whereas in January-2022 it was $220 thousand. Tin exports and products totaled $17 thousand in January-2023, whereas in January-2022 there were no.
As reported, Ukrainian enterprises in 2022 decreased imports of copper and copper products in value terms by 64.3% compared to the previous year – to $ 65.370 million, their exports decreased by 56.3% – to $ 90.245 million. In December-2022, imported copper and copper products for $ 6.107 million, exported – to $ 6.956 million.
In addition, Ukraine has reduced imports of nickel and its products by 49.9% in 2022 compared to 2021 – up to $59.754 million (in December – $0.668 million), aluminum and its products – by 33.4% to $340.398 million ($29.457 million). At the same time, the imports of lead and lead products decreased by 66.6% to $2.839 million ($12 thousand).
Imports of tin and tin products fell by 33.5% to $3.312 million ($171 thousand), while imports of zinc and zinc products decreased by 58.7% to $38.690 million ($4.386 million).
Exports of aluminum and aluminum products for 2022 decreased 42.7% from 2021 to $96.972 million ($6.330 million in December), lead and lead products decreased 68.7% to $11.970 million ($1.396 million), and nickel and nickel products decreased 73.9% to $1.268 million ($0.1 million).
Zinc exports for 2022 were $1.331 million ($11,000 in December) compared to $550,000 in 2021. Tin and products exports for 2022 were $424,000 ($1,000 in December) compared to $346,000 the previous year.

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Export of agricultural products decreased by a quarter in January – Sea Ports Administration

Ukraine exported in January “grain corridor” by 25% less agricultural products than in December due to deliberate actions of Russian inspectors to delay ships in the Bosphorus, the Administration of Sea Ports of Ukraine (AMPU) reported on Sunday.

According to the agency, in January the ports of “Big Odessa” processed 77 ships and sent 3 million tons of agricultural products to Africa, Asia and Europe, while in December the figure was 97 ships and 3.7 million tons of agricultural products, respectively.

At the same time, the Ministry of Infrastructure of Ukraine noted that the critically low rate of ships’ departure from the ports (2.5 ships per day) continues to remain. For comparison, in October this indicator was 5.7.

“In January, the ports worked only at 30-40% of capacity due to a shortage of the fleet to load. Three ships a day at the proposed nine are inspected in the Bosphorus and receive permission to move to Ukrainian ports for food,” – added in the ministry.

According to the ministry, the SKC plans to conduct 10 inspections a day, but Russian inspectors successfully complete only half of them.

“In January, 204 inspections were conducted, of which 173 were successful, another 31 inspections were not completed because Russian inspectors ended their workday prematurely and unilaterally at 3 p.m. 30 minutes (work time is regulated till 5:30 pm) or due to claims of documents not having been checked by the SKZ,” added the Ministry of Infrastructure.

In addition, the registration of vessels for participation in the initiative is also delayed. With more than 80 ships declared, the representatives of the aggressor country register 2-3 ships a day without any explanation. As of February 4, 120 vessels are waiting for inspection in Turkish territorial waters (98 – entering the ports for loading, 22 – with the agricultural products for the exit). The vast majority of them are waiting several weeks.

In total, for six months of operation of the “grain corridor” ports of Greater Odessa has sent 691 ships with 19.7 million tons of foodstuffs: the port of Chernomorsk – 285 ships-7.3 million tons, port “Odessa” – 215 ships-5.2 million tons and port “Pivdenny” – 191 ships with 6.6 million tons of food.

“The world received 19.7 million tons of food, and should receive more than 30 million tons, subject to the stable functioning of the corridor,” the department added.
As reported, in Istanbul on July 22 with the participation of the UN, Ukraine, Turkey and Russia signed two documents on the creation of a corridor for 120 days for the export of grain from the three Ukrainian ports – “Chernomorsk”, “Odessa” and “Pivdenniy”. After the end of its validity period, the agreement was extended for another 120 days, starting from November 19, 2022.

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Ukraine reduces exports of agricultural products by 1.3m tonnes due to blocked grain corridor

Ukraine exported 5.5 million tons of grain, oilseeds and their products in January, which is 1.3 million tons less than in December, the Ministry of Agrarian Policy reported on Saturday.
“Such a downward dynamic is due to the artificial blocking of the “grain corridor” by Russian inspectors,” the ministry said.
It specified that the “grain initiative” shipped only 3 million tons in the first month of the year, while previously the export of agricultural products in the corridor was 4 million tons or more per month.
According to the Ministry of Agrarian Policy, corn exports fell by 700 thousand tons – to 2.6 million tons, wheat – by 250 thousand tons, to 1.3 million tons.
A total of 15.4 million tons of corn and 9.7 million tons of wheat were exported in the marketing season (July 2022 – January 2023), while 39.2 million tons of oilseeds, the ministry said.
It added that during 11 months of war 44.4 million tons of agricultural products were sent from Ukraine to other countries, including 9.9 million tons of wheat and 18.2 million tons of corn. Insignificant difference in the supply of these crops compared to the new marketing season is associated with the closure of Ukrainian ports, which did not function for five months, and in August they began to gradually increase the volume, said the Ministry of Agrarian Policy.
According to his data, sunflower oil remained in the top three leading shipments in January with 347 tons, which is 121 thousand tons less than in December.
January shipments of soybeans declined slightly compared to December – to 345 tons from 387 tons, meal to 295 tons from 331 tons.
At the same time sunflower seed supply was reduced more than 1.6 times – to 190 thousand tons from 312 thousand tons more, and rapeseed – nearly 1.3 times: to 186 thousand tons from 237 thousand tons compared to 412 thousand tons in November.
As Ministry of Agricultural Policy noted, barley shipments remained almost unchanged in January: 168.7 tons against 179 tons in December. During the first month of 2023 soybean oil shipped by 6 thousand tons more – 26 thousand tons.
“The overall picture of January shipments as a percentage is as follows: corn – 47.36%, 24.23% – wheat, 6.33% – sunflower oil, soybeans – 6.29%, 5.38% – meal, sunflower seeds – 3.46%, canola – 3.39%, barley – 3.08%, soybean oil – 0.49%,” indicated the Ministry.
It added that the total volume of shipments for 11 months by crops: 18.2 million. MT – corn (40.88%), 9.9 million tons – wheat (22.25%), 3.6 million tons – sunflower oil (8.12%), 3.2 million tons – rape (7.21%), 2.9 million tons – sunflower seeds (6.49%), 2.5 million tons – meal (5.65%), 1.9 million tons – barley (4.21%), 2 million tons – soybeans (4.70%), 215 thousand tons – soybean oil (0.49%). tons – soybean oil (0.48%).
As reported, Ukraine in 2021/2022 MY exported 48.51 million tons of grain and leguminous crops, which is 8.4% higher than in the previous MY, despite the full-scale invasion of Russia and the difficulties with the export of agricultural products due to the blockade of Ukrainian seaports. 18.74 million tons of wheat (12.6% more than in 2020/2021MY), 23.54 million tons of corn (+1.9%), 5.75 million tons of barley (+35.9%), 70.9 thousand tons of flour (-44.1%) were supplied to foreign markets.
Ukraine in 2020/2021 MY exported 44.72 million tons of grain and leguminous crops: 16.64 million tons of wheat, 23.08 million tons of corn, 4.23 million tons of barley, 126.9 thousand tons of flour and 18.4 thousand tons of rye.
In 2019/2020, Ukraine exported a record 56.72 million tons of grain and leguminous crops.

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