The negative balance of Ukraine’s foreign trade in goods in September amounted to $354 million, which is three times less than in August ($1,052.6 million), said Taras Kachka, Deputy Minister of Economy, Trade Representative of Ukraine.
“Export – $ 4.144 billion, 23% more than in August. Export volume – 9.66 million tons, 32% more than in August,” he wrote on Facebook.
According to the data presented by him, imports in September increased only by 1.9%, to $4.498 billion.
“September exports are more than $4 billion and more than 9 million tons for the first time since February 24,” the trade representative emphasized.
Kachka also pointed out that in September, exports of agro-industrial complex and food industry reached 6.928 million tons against 4.566 million tons in August and 2.985 million tons in July. This was the result of an increase in shipments by sea – from 1.436 million in July to 2.723 million tons in August and 5.175 million tons in September.
Export by railway transport in September decreased to 902.2 thousand tons compared to 970.5 thousand tons in August and 886.5 thousand tons in July, by road – to 849.6 thousand tons in September from 872 .4 thousand tons in August and 662.4 thousand tons in July.
Foreign trade turnover by the most important positions Jan-May 2022 (import)
SSC of Ukraine
Foreign trade turnover by the most important positions in Jan-May 2022 (export)
SSC of Ukraine
The Government on Friday approved a bill that brings the Customs Tariff of Ukraine in line with the requirements of the International Convention on the Harmonized Commodity Description and Coding System in the 2022 version, the Ministry of Economy reported.
The agency explained that the current Customs Tariff of Ukraine is built on the basis of such an international system of the 2017 version, while most countries of the world (China, the USA, the EU, Turkey, Switzerland) have already switched to the 2022 version.
In this regard, there are a number of complications associated with differences in commodity codes in the customs clearance of imported products or when comparing the customs statistics of Ukraine and trading partner countries.
“Ukraine is adapting to international standards for the classification of goods. We need this in order to increase our own exports, enter new markets, strengthen competitive advantages in world trade,” First Deputy Prime Minister Yulia Sviridenko, Minister of Economy, said in the release.
The Ministry of Economy clarified that if the bill is adopted, more than 350 changes will be made to commodity codes, mainly in relation to agricultural goods, chemical, forestry, textiles, non-ferrous metals, engineering, transport, etc.
The report clarifies that the new customs tariff does not provide for changes in the rates of import duty on goods.
Export of goods from Ukraine in August increased by 13.9% compared to July to $3.363 billion, while imports decreased by 2.3% to $4.416 billion, the Ministry of Economy reported on Friday.
According to him, as a result, the negative balance of Ukraine’s foreign trade in goods last month decreased to $1.053 billion from $1.569 billion in July and $1.549 billion in June.
“The growth in exports is associated with the partial unblocking of the ports of Greater Odessa. This made it possible to significantly increase the volume of exports of Ukrainian goods. As a result, transportation by sea increased by 85% and amounted to almost 2.9 million tons,” the Ministry of Economy noted.
It indicated that in physical terms, in August 2022, the volume of Ukrainian exports increased by 25%, to 7.296 million tons, while imports decreased by 1%, to 1.961 million tons.
According to the Ministry of Economy, Ukraine exported more than 3 million tons of goods by rail, and 1.36 million tons by road.
At the same time, exporters receive the largest revenue from goods exported by road – $1.48 billion, sea cargo cost $995 million, and rail cargo – $788 million.
“Ukraine relies on the export model of economic growth. Before the full-scale war, our exports amounted to 35% of GDP. The goal of the Government and the Ministry of Economy is to raise it to 50%. 75% of exports should be finished goods and services,” the words of the First Vice -Prime Minister – Minister of Economy Yulia Sviridenko.
The leaders in terms of export value in August were, in particular, sunflower oil – $443 million and corn – $347 million, whose export volumes increased by 30%, to 366 thousand tons and by 31%, to 1.5 million tons, respectively, while export of sunflower seeds amounted to $71 million.
In addition, the list of leaders includes rapeseed – $305 million, including exported 665 thousand tons of this crop of the new crop, and wheat – $213 million, the export of which in August increased 2.3 times compared to July, to 880 thousand tons.
Last month, soybean exports jumped by 30% to 148,000 tons, and in monetary terms to $62 million, while revenue from electricity exports doubled to $73 million, which was the result of the successful integration of the Ukrainian energy sector into ENTSO-E, an energy system of the European Union.
“It is important that confectionery processing products demonstrate a stable upward trend: bakery +19.4%, sugar +9.1%, chocolate +25%,” the Ministry of Economy added, without specifying specific indicators.
At the same time, ore exports fell to 1.4 million tons, and in monetary terms – to $172 million, cable products – by 9.8%, to $89 million, poultry meat – to $67 million.
Foreign trade turnover by the most important positions Jan-May 2022 (import)
SSC of Ukraine
