Business news from Ukraine

Ukraine reduced iron ore exports by a third, revenue by 54%

Mining enterprises of Ukraine in January-August of this year reduced the export of iron ore raw materials (IORM) in kind by 32.8% compared to the same period last year, to 20 million 10.602 thousand tons.
According to statistics published by the State Customs Service (STS), for the specified period, foreign exchange earnings from the export of iron ore decreased by 53.8% – to $ 2 billion 529.275 million.
Iron ore was exported mainly to Slovakia (19.82% of deliveries in monetary terms), Poland (16.49%) and the Czech Republic (15.95%).
During the reporting period, IORM was imported to Ukraine for $26 thousand in a total volume of 47 tons, while in January-August 2021, iron ore for $158 thousand was imported in a total volume of 1.175 thousand tons. Imports for January-August 2022 were carried out from Norway (46.15%), Great Britain (42.31%) and Italy (7.69%).
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%).

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Ukraine in January-August increased revenue from electricity exports to $279 million

In January-August 2022, Ukraine increased its revenue from electricity exports by 1.7 times (by $115.664 million) compared to the same period in 2021, to $278.75 million, according to the State Customs Service.
According to Interfax-Ukraine estimates, over eight months electricity was supplied to Poland for $92.689 million, Slovakia – for $59.364 million, Hungary – for $44.688 million, other countries – for $82.009 million.
In August this year, electricity export revenue amounted to $73.112 million compared to $27.474 million in August 2021.
In addition, in January-August 2022, Ukraine imported electricity for $119.067 million against $59.394 million for the same period last year. Including from Belarus – by $100.414 million (in January-February), Belgium – by $12.259 million, Moldova – by $4.695 million, other countries – by $1.698 million.
Last month, Ukraine imported electricity for $11.135 million compared to $0.336 million in August 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.

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Geographical structure of total exports of goods and services in 2021 (USD thousand)

Geographical structure of total exports of goods and services in 2021 (USD thousand)

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

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

SSC of Ukraine

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Ukraine exports 3,96 mln tonnes of grain since early 2022/2023 marketing year

Since the beginning of the 2022/2023 marketing year (MY, July-June), Ukraine has exported 3.96 million tonnes of grain crops, including 2.49 million tonnes of corn (63% of total supplies), 1.14 million tonnes of wheat (29%) and 310,000 tonnes of barley (12%).
As reported on the website of the Ministry of Agrarian Policy and Food on Wednesday, since the beginning of the current marketing year, the rate of grain exports has been 2.17 times lower than in the same period last year (in July 1-August 31, 2021, some 8.6 million tonnes were exported).
At the same time, according to the ministry, for the period of August 26-31, some 550,000 tonnes of grain crops were supplied to foreign markets (110,000 tonnes daily), while for the previous period, August 19-26, – 430,000 tonnes of grain crops (61,400 tonnes daily), on August 11-19 – 770,000 tonnes (96,200 tonnes daily), and on August 5-11 – 340,000 tonnes of grain crops (48,600 tonnes daily). Thus, the average daily export rates for the past reporting period increased by 1.8 times compared to the previous period.
In general, from the beginning of MY 2022/2023 to August 31, 2022, Ukraine exported 1.14 million tonnes of wheat (four times less compared to the same date in MY 2021/2022), 310,000 tonnes of barley (8.9 times less) , 500 tonnes of rye (25 times less) and 11,900 tonnes of flour (two times less).
In total, 310,000 tonnes of corn, 202,000 tonnes of wheat, 36,000 tonnes of barley, 100 tonnes of rye and 1,800 tonnes of flour were delivered to foreign markets for the period of August 26-31.

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Ukraine reduced exports of pig iron by 57%, 39% of deliveries fell on USA

Ukraine in January-July this year reduced the export of pig iron in physical terms by 57.3% compared to the same period last year – up to 777.208 thousand tons.
According to statistics published by the State Customs Service (SCS), over the specified period, the export of pig iron in monetary terms decreased by 54.2% – to $423.821 million.
At the same time, exports were carried out mainly to the USA (39.02% of deliveries in monetary terms), Poland (33.76%) and Turkey (10.32%).
In January-July 2022, Ukraine imported 15 tons of pig iron from Germany for $25 thousand, while in 7 months of 2021 it imported 30.294 thousand tons of this product for $84.065 million from Brazil (19.16%), Kazakhstan (17.13% ) and RF (10.97%).
As reported, Ukraine in 2021 increased the export of pig iron in physical 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% – up to $1 billion 642.596 million At the same time, exports were carried out mainly to the USA (53.61% of deliveries in monetary terms), Italy (22.08%) and Turkey (9.74%).
In 2021, Ukraine imported 185 tons of pig iron worth $226 thousand from Germany (74.34%), the Russian Federation (20.35%) and Slovakia (5.31%), while in 2020 it imported 593 tons worth $417 thousand.

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