Business news from Ukraine

Business news from Ukraine

CHINA, EGYPT, TURKEY ARE MAIN IMPORTERS OF UKRAINIAN GRAIN IN 2021

Ukraine’s revenue from export of grain crops in 2021 amounted to $12.3 billion, the largest trading partners were China, which imported $2.55 billion, as well as Egypt ($1.39 billion) and Turkey ($0.92 billion), the Institute of Agrarian Economics (IAE) reported on its website on Thursday.
“2021 was characterized by the further strengthening of the position of China, which in 2020 for the first time took the top among 10 largest importers of Ukrainian grain. In four years, starting from 2018, this country has increased its grain purchases from Ukraine almost five times, to $2.55 billion. At the same time, China’s share in the value of domestic grain exports increased from 19.7% in 2020 to 20.7% in 2021,” the IAE said, citing expert Bohdan Dukhnitsky.
According to the IAE, last year Egypt increased imports of Ukrainian grains by 24%, from $1.12 billion to $1.37 billion, but its share of their total exports decreased from 11.9% to 11.2%.
“Turkey, which in 2020 ranked only sixth in the top 10, moved up to the third spot last year, increasing the value of purchases of Ukrainian grain to $0.92 billion. In addition, in 2021, there were changes in the top 10 largest buyers of grain from Ukraine: Iran and Pakistan pushed South Korea and Bangladesh out of the top 10,” the expert said in the IAE report.
Other major grain importers from Ukraine were Indonesia with $750 million, Spain with $645 million, the Netherlands with $552 million, Iran with $533 million, Pakistan with $355 million, Libya with $342 million and Tunisia with $306 million.
The IAE said that in total, these 10 countries had dominated in the value of all grain purchases in Ukraine in 2021 (their share was more than two thirds).
As reported, since the beginning of 2021/22 (July-June) and as of February 2, Ukraine exported 38.63 million tonnes of grain and leguminous crops (31.6% more compared to the same date of the previous year), including 17.08 million tonnes of wheat (30.4% more), 15.64 million tonnes of corn (32.6% more), 5.48 million tonnes of barley (38.7% more), 0.16 million tons rye (92 times more), 63,800 tonnes of flour (27.0% less).

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UKRAINE RAISES UP PETROLEUM PRODUCTS IMPORTS BY 9.6% IN 2021

Ukraine in 2021 imported 8.791 million tonnes of oil products (according to foreign economic activity code 2710: gasoline, diesel fuel, fuel oil, jet fuel, etc.), which is 9.6% more than in 2020 (8.023 million tonnes).
According to the State Customs Service, oil products were imported in the amount of $5.615 billion, which is 65.3% more than in 2020 ($3.397 billion).
Belarus supplied fuel for $2.351 billion (share – 41.87%), Russia – for $1.241 billion (22.09%), Lithuania – for $654.584 million (11.66%), other countries – for $1.369 billion (24.37%).
In addition, Ukraine exported 308,716 tonnes (more 3.3% compared to 2020) of oil products for a total of $192.65 million (up 50.3%). The cost of fuel delivered to counterparties from Latvia amounted to $36.779 million, Estonia – $32.636 million, Malta – $18.81 million, other countries – $104.425 million.

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UKRAINE INCREASES COAL IMPORT BY 15.4% IN 2021

Ukraine increased imports of hard coal and anthracite by 15.4% in 2021 year-on-year (by 2.612 million tonnes), up to 19.563 million tonnes.
According to the State Customs Service, coal was imported for $2.489 billion, which is 47.2% more than in 2020 ($1.691 billion).
Ukraine received $1.545 billion worth of coal (62.09% of imports) from Russia, $494.636 million (19.88%) from the United States, $253.469 million (10.18%) from Kazakhstan and $195.383 million (7.85%) worth of coal from other countries.

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DTEK EXPECTS TWO MORE SHIPS OF COAL FROM COLOMBIA, USA

DTEK Energy expects two more ships with 147,000 tonnes of thermal coal from Colombia and the United States to arrive in Ukraine by the end of the week, the company’s press service said.
According to its data, the first ship with 75,000 tonnes of coal from Colombia will arrive at the port of Chornomorsk next Friday, the second – with 72,000 tonnes from the United States will be moored at the TIS port at the weekend.
Coal from the fifth and sixth Panamax class ships that have arrived since the end of November will replenish the warehouses of the company’s TPPs.
“DTEK Energy continues to actively supply coal to the Ukrainian energy system. In addition to the four Panamax ships with imported coal, which have already arrived, have been fully unloaded or are now being sent to Ukrainian thermal power plants, we meet two more ships,” DTEK Energy CEO Ildar Saleev said.
In addition, the company has agreed on an additional ninth vessel. In general, this is about 618,000 tonnes of coal for the needs of Ukrainian thermal power plants. The first ship contracted by the company for the needs of the state-owned TPPs of Centrenergo arrived in Ukraine on November 20. The second, third and fourth Panamax ships with coal for DTEK Energy TPPs arrived on December 5, 16 and 17.
Since the beginning of December, the company has already imported about 200,000 tonnes of coal by sea. For the stable passage of the heating season, the company has contracted more than 1 million tonnes of imported fuel to date.
DTEK Energy is an operating company in charge of coal mining and electricity production from coal within the structure of Rinat Akhmetov’s DTEK Holding.

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