Business news from Ukraine

STRUCTURE OF IMPORT OF SERVICES FOR 9 MONTHS OF 2020 (GRAPHICALLY)

Structure of import of services for 9 months of 2020 (graphically).

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN JAN- OCT

Main trade partners of Ukraine in % from total volume (import from other countries to Ukraine) in Jan-Oct.

SSC of Ukraine

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FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JAN-OCT 2020 (IMPORT)

Foreign trade turnover by the most important positions in Jan-Oct 2020 (import).

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STRUCTURE OF IMPORT OF SERVICES FOR 9 MONTHS OF 2020 (GRAPHICALLY)

Structure of import of services for 9 months of 2020 (graphically).

UKRAINE INCREASES CRUDE OIL IMPORT 1.6-FOLD IN 2020

Ukraine in 2020 increased import of crude oil (according to foreign trade activity code 2709) 1.6-fold (by 454,959 tonnes) compared to the same period in 2019, to 1.246 million tonnes.
According to the State Fiscal Service, in 2020, crude oil was imported for $409.167 million, which is 1.5% less than a year earlier ($431.735 million).
Some crude oil for $265.076 million came from Azerbaijan (the share is 64.78%), the United States for $98.445 million (24.06%), Libya for $45.555 million (11.13%) and other countries for $0.091 million (0.02%).
The export of crude oil by Ukraine in 2020 amounted to 80,000 tonnes for $24.351 million. Oil was exported to Belarus by Ukrtransnafta, which in the spring of 2020 bought Azerbaijani oil when the prices fell with its subsequent sale to its subsidiary BNK.
In 2019, Ukraine did not export oil.

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UKRAINE RAISES IMPORT OF FRESH OR CHILLED FISH BY 15%

Imports of fresh or chilled fish in 2020 in physical terms increased by one third compared to the previous year, from 23,000 tonnes to 30,000 tonnes, and in U.S. dollar terms it grew by 15.4%, from $141 million to $162 million, the State Customs Service has reported. At that time, according to the data, the import of frozen fish in the past year amounted to 271,000 tonnes worth $365 million, decreasing by 5.1% and 3.1%, respectively.
Due to a general reduction in imports, the share of fresh or chilled fish of it in 2020 increased to 0.30% from 0.23% a year earlier, frozen – from 0.62% to 0.67%, the State Customs Service said.
According to the data, the export of frozen fish in 2020 amounted to only 440 tonnes for $1.1 million, having almost halved.
The State Customs Service said that the largest three countries-suppliers of fresh and chilled fish to Ukraine are Norway with the share of 82%, Turkey with 9% and Iceland with 4%, frozen – the United States with 19%, Iceland with 18%, and Norway with 14%.
In addition, in physical terms the import of fish fillets and other fish meat, dried, salted and smoked fish, crayfish and molluscs grew by 16.9%, to 58,700 tonnes, in money terms – by 20.1% to $152.7 million.
Most of all, the import of crustaceans increased – to 11,500 tonnes and to $55 million, or by 57.4% and 42.6%, respectively.
At the same time, fish fillets and other fish meat remained the main export product in this industry for Ukraine – 3,800 tonnes for $26.3 million, which is 2.5% and 13.4% higher than in 2019, respectively.

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