Business news from Ukraine

Business news from Ukraine

Ukraine reduced exports of pig iron by 59%

Ukraine in 2022 reduced the export of pig iron in physical terms by 59% compared to the previous year – up to 1 million 325.275 thousand tons.
According to statistics released by the State Customs Service (SCS), during this period, the export of pig iron in monetary terms decreased by 61.1% – to $638.774 million.
In 2022, Ukraine imported 40 tons of cast iron worth $23 thousand, while in 2021 – 185 tons of cast iron worth $226 thousand.
Exports were mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%) and Turkey (8.12%), imports – from Germany (100%).
As reported, Ukraine in 2021 increased the export of pig iron in volume terms by 4.2% compared to 2020 – up to 3 million 235.772 thousand tons, the export of pig iron in monetary terms increased by 78.1% – to $ 1 billion 642.596 million. In this export was carried out mainly in the United States (53.61% of supplies in monetary terms), Italy (22.08%) and Turkey (9.74%).
In 2021, Ukraine imported 185 tons of cast iron worth $226 thousand from Germany (74.34%), Russia (20.35%) and Slovakia (5.31%), while in 2020, Ukraine imported 593 tons worth $417 thousand.

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Ukraine reduced exports of titanium-containing ores and concentrate by 42%

Ukraine in 2022 decreased export of titanium ores and concentrates in physical terms by 41.8% compared to the previous year – down to 322.143 thousand tons.
According to statistics released by the State Customs Service (SCS), exports of titanium ores and concentrates decreased by 19.6% in monetary terms – to $130.144 million.
At the same time, the main exports were shipped to the Czech Republic (47.91% in monetary terms), USA (11.94%) and Romania (9.75%).
Ukraine in 2022 imported 196 tons of similar products from Senegal (70.41%) and Turkey (29.59%) for $ 115 thousand (in October-December 2022, imports were not carried out), while in 2021 it imported 1.172 tons for $1.227 million.
As previously reported, Ukraine in 2021 increased the export of titanium ores and concentrates in volume terms by 3% compared with 2020 – up to 553.051 thousand tons, in monetary terms the export of titanium ores and concentrates increased by 17% – to $161.914 million. At that, the main exports were shipped to Mexico (21.23% in monetary terms), China (18.17%) and Czech Republic (14.07%).
Ukraine imported 1.172 thousand tons of titanium ores for $1.227 million from Senegal (87.03%) and Germany (12.97%) in 2021, while in 2020 it imported 1.010 tons for $ 855 thousand.
Ukraine currently produces titaniferous ores mainly at United Mining and Chemical Company PJSC (UMCP), that manages Volnogorsk Mining and Metallurgical Combine (VGMK, Dnepropetrovsk region) and Irshansk Mining and Processing Combine (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 mine at the Birzulovskoe deposit with a capacity of 240 thousand tons of ilmenite concentrate per year.

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Ukraine and Senegal plan to sign documents to expand grain exports

Ukraine and Senegal will continue developing relations as regards supplies of Ukrainian agricultural products. Apart from the memorandum on mutual understanding in agriculture signed on January 9, the two countries have agreed on future high-level talks.
The results of the visit of the delegation of the Ministry of Agrarian Policy and Food of Ukraine to Senegal, Ghana and Nigeria were explained by the Head of the Ministry Mykola Solsky at the briefing in Kyiv on Monday.
“The meetings took place in Ghana, Senegal and Nigeria, these countries constantly “take” a lot of food and especially wheat. These are big markets in terms of population compared to the European market or many other countries: not with the same purchasing power, but it’s big and developing, so it needs to be monitored,” the minister said.
He also noted that each of the countries he visited is interested in developing cooperation with Ukraine and is ready to expand their ports to intensify the unloading and storage of Ukrainian grain.
Solskyy said that after the visit of the delegation of the Ministry of Agrarian Policy to Africa, the Ukrainian authorities will hold an additional meeting on the possibilities for the development of relations with the visited countries. According to him, joint projects are complicated by Russia’s traditional presence in the diplomatic field of Senegal, Ghana and Nigeria.
“At the unofficial level, representatives of all the countries we talked to understand what is happening in Ukraine (full-scale war unleashed by Russia – IFU). Unfortunately, at the official level they are not always ready to declare it. Therefore, such visits lead to the development of relations and will gradually improve them,” said the Minister.
As reported, a delegation of the Ministry of Agrarian Policy during a trip to Africa signed a memorandum of cooperation with Senegal in the field of agriculture. In addition, Ukraine in the coming months will supply 25 thousand tons of grain to Nigeria in the framework of the humanitarian initiative Grain from Ukraine.

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Exports of goods in % to previous period in 2021 and 2022

Exports of goods in % to previous period in 2021 and 2022

SSC of Ukraine

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Ukraine reduced exports of semi-finished carbon steel products by 70.6%

Ukraine in January-November this year, Ukraine has reduced the export of semi-finished products of carbon steel in physical terms by 70.6% compared to the same period last year – up to 1 million 824.586 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, exports of semi-finished products of carbon steel during this period decreased by 69.4% – to $ 1 billion 147.436 million.
In addition, Ukraine imported 5,558 thousand tons of such products in January-November, which is 84.7% less than in January-November 2021. In monetary terms, imports decreased by 84.9% to $3.634 million.
As reported, Ukraine in 2021 decreased exports of semi-finished carbon steel products in volume terms by 9.5% compared to 2020 – up to 6 million 776.44 thousand tons. In monetary terms, exports of semi-finished carbon steel products for the year increased by 48.8% – to $4 billion 93.02 million. The main exports were shipped to Italy (30.90% of deliveries in monetary terms), Turkey (12.77%) and the Dominican 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 by 3.9 times – up to $25.95 million. Imports were from the Russian Federation (97.73% of supplies), Turkey (1.15%) and Uzbekistan (1.08%).

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Ukraine reduced ferroalloys exports by 48%

Ukraine in January-November this year reduced ferroalloys exports in physical terms by 48 percent year-on-year to 318,760,000 tonnes.
According to the statistics released by the State Customs Service (SCS), in monetary terms ferroalloys exports fell by 42.7% to $532.263m.
In addition, during this period, Ukraine imported 20,288 thousand tons of these products, down 64.2% compared to January-November 2021. In monetary terms, imports decreased by 56.3% – to $70.760 million.
As reported, Ukraine in 2021 increased the export of ferroalloys in volume terms by 6.9% compared to 2020 – up to 668.539 tons, in monetary terms, their exports rose by 58.2% – to $ 1 billion 43.880 million, with major exports to Turkey (19.87% exports in monetary terms), Italy (13.51%) and China (11.28%).
In addition, in 2021, Ukraine imported 59.569 thousand tons of these products, which is 75.6% more than in 2020. In monetary terms, imports rose by 84.5% – to $177.616 million. Imports were carried out mainly from Brazil (16.93%), Norway (15.72%) and Kazakhstan (15.1%).
Stakhaniv and Zaporizhia ferroalloys plants (NWF and ZZF) were organized by PrivatBank (Kiev) until 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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