Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES EARNINGS FROM FERROUS METAL EXPORTS TO $10.33 BLN IN JAN-SEPT

Ukrainian metallurgical enterprises in January-September this year increased earnings from exports of ferrous metals by 80% compared to the same period last year, to $10.33 billion.
According to updated statistics released by the State Customs Service, in September, earnings from ferrous metal exports amounted to $1.39 billion.
At the same time, Ukraine in January-September this year increased imports of similar products by 42.39%, to $1.08 billion. In September, this figure was $181.73 million.
In addition, Ukraine in January-September 2021 increased exports of metal products by 33.16%, to $870 million. In September, they were exported for $123.72 million.
In January-September 2021, imports of metal products grew by 25.43%, to $790 million. In September alone, imports totaled $96.99 million.

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FURNITURE EXPORTS 70% UP FROM UKRAINE IN JAN-JULY 2021

The volume of exports of furniture and its parts in January-July 2021 increased by 70.5% compared to 2020 and amounted to $511.9 million, the Ukrainian Association of Furniture Manufacturers has reported, citing data from the State Customs Service.
At the same time, furniture was exported to the countries of the European Union for $451.4 million, Asia – $9.8 million, the United States – $4.8 million.
The increase in furniture exports in January-June 2021 amounted to 82.2%, the association says.

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ASTARTA EXPORTS ORGANIC SOYBEANS TO GERMANY

Lyst-Ruchky LLC (Ruchky village, Poltava region), part of Astarta agro-industrial holding, exported the first batch of organic soybeans under a contract with the German processing company Agriprotein GmbH, the agricultural holding’s press service reported.
“A supply contract of organic soybeans was concluded with the German processing company Agriprotein GmbH. As per contract, the quality of delivered products has to be confirmed in two stages. The first samples of soybeans were selected and tested by the European laboratory Galab (Germany) prior to signing a contract. The organic origin of the product and its high quality was confirmed. The second stage of the inspection took place upon delivery and organic status of soybeans was reaffirmed,” the company said on its website.
“As reported, last year Astarta completed a three-year journey to the first harvest of organic grain and oilseeds crops in sync with the European trend of expanding organic farming methods. In the 2021 season, the total area of the company’s land bank under organic products is 1,800 ha with the following crops: soybeans, millet, mustard, sunflower, corn and winter wheat,” the report says.
“The company also plans to certify this crops according to Bio Suisse (Switzerland) and USDA NOP (USA) standards,” it said.
As reported, Lyst-Ruchky in July 2020 received a certificate of a manufacturer of organic products. To confirm this status, it took three years of work in a transitional period, the corresponding intermediate inspections and certifications.

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UKRAINE INCREASES CAST IRON EXPORTS BY 4%

Ukraine in January-May this year increased exports of cast iron in quantity terms by 4.1% compared to the same period last year, to 1.252 million tonnes.
According to statistics released by the State Customs Service on Wednesday, during the specified period, exports of cast iron in monetary terms increased by 70.8%, to $600.902 million.
At the same time, exports were carried out mainly in the United States (59.45% of supplies in monetary terms), Turkey (13.82%) and Italy (11.83%).
In January-April 2021, Ukraine imported 73 tonnes of cast iron worth $92,000 from Germany (86.96%) and Slovakia (13.04%), while over the five months of 2020 it imported 314 tonnes of similar products worth $209,000.

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UKRAINE CUTS EXPORTS OF TITANIUM ORES BY 40% IN JAN-FEB

Ukraine in January-February of this year reduced exports of titanium-containing ores and concentrate in quantity terms by 39.5% compared to the same period last year, to 74,694 tonnes.
According to statistics released by the State Customs Service on Tuesday, in monetary terms, exports of titanium-containing ores and concentrate decreased by 19.3%, to $22.109 million.
At the same time, main exports were carried out to China (35.97% of supplies in monetary terms), Turkey (23.48%) and the Czech Republic (12.07%).
During this period, Ukraine imported 100 tonnes of titanium-containing ores from Senegal in the amount of $89,000, while in January-February 2020 it imported from this country 146 tonnes of titanium-containing ores worth $102,000.

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UKRAINIAN METAL COMPANIES IN JAN-FEB INCREASE EARNINGS FROM EXPORTS OF FERROUS METALS TO $1.51 BLN

Ukrainian metal companies in January-February 2021 increased earnings from exports of ferrous metals by 8.2% compared to the same period last year, to $1.51 billion.
According to updated statistics released by the State Customs Service, the share of ferrous metals of total FX earnings was 17.82% compared with 17.2% a year ago.
In February, earnings from exports of ferrous metals amounted to $764.6 million.
At the same time, Ukraine reduced imports of similar products by 12.1% in January-February 2021, to $121.53 million. In February, this figure was $63.798 million.
In addition, Ukraine increased exports of metal products by 5.7% in the first two months of 2021, to $140.613 million. In February, their export amounted to $77.148 million.
During this period, imports of metal products increased by 1.4%, to $125.407 million. In February, they were imported for $72.504 million.
As reported, in 2020, Ukrainian metal companies reduced earnings from exports of ferrous metals by 12% compared to the previous year, to $7.690 billion. At the same time, Ukraine in 2020 reduced imports of similar products by 17%, to $1.040 billion.

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