Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 25.7 MLN TONNES OF GRAIN SINCE START OF MARKETING YEAR

Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of January 16, 2019 had exported 25.727 million tonnes of grain and leguminous crops, which is 16.2% more than on the same date of the previous MY. According to the Ministry of Agrarian Policy and Food, farmers exported 11.1 million tonnes of wheat, 3.26 million tonnes of barley, and 10.79 million tonnes of corn.
Some 132,000 tonnes of flour had been also exported on the specified date.
As reported with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY.

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UKRAINE KEEPS UNCHANGED EXPORTS OF SEMIFINISHED CARBON STEEL PRODUCTS IN 2018

Ukraine in 2018 retained exports of semifinished carbon steel products in kind at the level of 2017, totaling 6.291 million tonnes.
Ukraine’s State Fiscal Service said in a customs statistics report that exports of semifinished carbon steel products in monetary terms grew by 18.2%, to $3.003 billion.
The bulk of semifinished carbon steel products was exported to Italy (34.24% of total exports in monetary terms), Egypt (15.53%), and Turkey (14.78%).
Last year Ukraine imported 43,880 tonnes of semifinished carbon steel products, which is twice up year-on-year. Imports in monetary terms grew by 2.2-fold, to $26.412 million.
Imports of semifinished carbon steel products originated from Russia (97.9%), Kazakhstan (1.44%) and the United States (0.5%).
In 2017 Ukraine cut exports of imports in kind by 18.8% from 2016, to 6.292 million tonnes, while exports in monetary terms increased by 14.9%, to $2.542 billion.
Italy accounted for 30.61% of exports in monetary terms, while the share of Turkey was 17.02% and that of Egypt – 16.28%.
Imports of semifinished carbon steel products in 2017 totaled 22,038 tonnes, which was 20.1% up from 2016. Imports in monetary terms grew by 85.4%, to $12.091 million.
Most of semifinished carbon steel products were imported from Russia (95.48% of total imports), Kazakhstan (4.03%), and Bulgaria (0.25%).

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UKRAINE BOOSTS CHEESE IMPORTS BY 37%, CUTS CHEESE EXPORTS BY 8% IN 2018

Ukraine imported 13,720 tonnes of cheese and exported 8,340 tonnes in 2018.
According to customs statistics released by the State Fiscal Service, cheese imports in kind grew by 37.1%, to 13,720 tonnes and in monetary terms increased by 41.8%, to $66.81 million.
Cheese exports in kind in 2018 decreased by 7.8% compared with 2017. Cheese exports in monetary terms fell by 5.3%, to $30.8 million.
Ukraine exported most of cheeses to Kazakhstan – 42.8%, Moldova – 28% and Egypt – 11.3%. The country imported these products mainly from Poland – 31%, Germany – 23.7% and France – 15.6%.
In addition, the fiscal service reported that the export of butter from Ukraine over the past year remained at the level of 2017 and amounted to 30,380 tonnes, in monetary terms – $128.6 million.
Ukraine supplied 21.1% of the produced butter in Morocco, 11% – the Netherlands, and 10.6% – Turkey.
In 2018, imports of butter to Ukraine amounted to 1,100 tonnes for $7.47 million, while in 2017 – 750 tonnes for $4.47 million.
Exports of condensed milk and cream last year fell by 24.1%, to 35,550 tonnes. Ukraine supplied condensed milk and cream for $59.19 million, which is 26.5% less than in 2017.
Imports of this group of goods in 2018 increased by 38.6%, to 2,360 tonnes ($5.71 million).
As reported with reference to customs statistics, Ukraine in 2017 exported 9,050 tonnes of cheese, which is 12% more than in 2016. Imports of cheese into the country rose by 42%, to 10,000 tonnes.

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UKRAINE INCREASES EXPORTS OF TITANIUM ORE IN 2018

Ukraine in 2018 increased exports of titanium containing ore and concentrate in kind by 2.7% compared to 2017, to 599,494 tonnes.
According to customs statistics released by the State Fiscal Service, last year exports of titanium ore and concentrate in monetary terms increased by 19.5%, to $125.722 million.
Major exports were made to the Czech Republic (19.41% of deliveries in monetary terms), Turkey (17.96%), and Russia (15.68%).
Ukraine in 2018 imported 15,874 tonnes of similar products worth $3.142 million from Senegal and Mozambique, while in 2017 it imported 202 tonnes of titanium ore and concentrate worth $143,000 from Senegal (87.41%), Finland (10.49%), and Iran (2.1%).
As reported, Ukraine in 2017 increased exports of titanium containing ore and concentrate in natural terms by 26% compared to 2016, to 583,772 tonnes, and in monetary terms exports increased by 25.3%, to $105.235 million.
Major exports were made to the Czech Republic (16.87% of deliveries in monetary terms), the United States (15.46%), and Turkey (14.68%).
Ukraine in 2017 imported 202 tonnes of titanium ore and concentrates worth $143,000 from Senegal (87.41%), Finland (10.49%) and Iran (2.1%), while in 2016 it imported 160 tonnes for $90,000.
Vilnohirsk state mining and metallurgical combine (Dnipropetrovsk region), Irshansk state mining and processing combine (Zhytomyr region), Valki-Ilmenite and Mezhdurechensk Mining and Concentration Complexes (both are located in Irshansk, Zhytomyr region) are the main producers of titanium ore in Ukraine.
Dnipro-based Velta production and commercial firm built a mining and processing complex at the Birzulivske ilmenite deposit, which has a 240,000-tonne ilmenite concentrate capacity per year.
Holding company Velta Group Global Ltd. was registered in London in November 2011.

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UKRAINE SEES 15% RISE IN FOREX EARNINGS FROM FERROUS METAL EXPORTS IN 2018

Ukrainian metal companies saw a growth of 14.7% in foreign currency revenues from exports of ferrous metals in 2018 year-over-year, to $9.937 billion.
According to customs statistics published by the State Fiscal Service, the share of ferrous metals of total income from exports was 20.99% compared to 20.03% from a year ago.
In December 2018 alone, receipts from ferrous metal exports amounted to $760.141 million.
In 2018, Ukraine increased imports of similar products by 20.4%, to $1.367 billion including imports reaching $101.118 million in December.
In 2018, Ukraine increased metal products exports by 32.8%, to $1.11 billion including December deliveries being $85.976 million. In 2018, imports of metal products grew by 19.9%, to $967.674 million, including December imports worth $81.192 million.
As reported, in 2017, Ukraine saw its forex earnings from ferrous metal exports rise by 20%, to $8.666 billion. Ukraine saw imports of these products increase by 42%, to $1.135 billion.
Ukraine experienced a 30% rise in metal products exports in 2017, up to $896.7 million. Metal imports grew by 25% in 2017, to $806.8 million.

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UKRAINE EXPORTS ELECTRICITY WORTH $332 MLN IN 2018

Ukraine in 2018 exported electricity worth $331.942 million, including $34.323 million in December alone. Hungary bought electricity worth $189.958 million, Poland $78.763 million, Moldova $53.144 million, and other countries $10.078 million, Ukraine’s State Fiscal Service said.
Exports of Ukrainian electricity in monetary terms in 2018 increased by 40.9% compared to 2017 ($235.541 million).
Over the period under review, Ukraine imported electricity worth $1.402 million, in particular, electricity imports from the Russian Federation were estimated at $1.327 million, from Belarus at $0.067 million, from Moldova at $0.008 million.
As reported, Ukraine planned in 2018 to increase exports of electricity to the EU and Moldova by 13.3% from 2017 to 5.855 billion kWh. According to the forecast for 2018, deliveries from the Burshtyn TPP energy island to Hungary, Slovakia, Romania will be 3.6 billion kWh, to Poland 1.2 billion kWh, and to Moldova 1.055 billion kWh.
Ukraine in 2011 exported 6.4 billion kWh of electricity worth $399.963 million, 2012 – 9.7 billion kWh for $574.819 million, 2013 – 9.9 billion kWh for $580.195 million, 2014 – 8.1 billion kWh for $487.185 million, in 2015 – 3.6 billion kWh for $150.056 million, in 2016 – 4 billion kWh for $152.063 million, and in 2017 – 5.2 billion kWh for $235.541 million.

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