Business news from Ukraine

Business news from Ukraine

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN JAN-AUG 2019

Main trade partners of Ukraine in % from total volume (import from other countries to Ukraine) in Jan-Aug 2019

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UKRAINE INCREASES IMPORT OF BUTTER BY 2.5 TIMES TO $12.27 MLN

Export of butter from Ukraine in January-November of this year decreased by 37.5%, to 17,120 tonnes, in money terms by 37.5%, to $17.12 million. Import of this product, according to the service, rose by 2.5 times, to 2,450 tonnes (for $12.27 million). In January-November, export of milk and cream (condensed) slightly rose to 34,160 tonnes. Ukraine supplied condensed milk and cream for a total of $72.28 million, which is 29% more than in January-November 2018. Imports of this group of goods slightly increased to 2,160 tonnes (for $4.84 million).

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UKRAINE RAISES CHEESE IMPORTS BY 1.7 TIMES

Ukraine in January-November 2019 exported 6,470 tonnes of cheese, which is 15.8% less than in the same period in 2018.
According to customs statistics released by the State Fiscal Service, in monetary terms exports amounted to $23.89 million, which is 16.3% less than the figure for the eleven months of 2018.
At the same time, cheese imports in January-November 2019 amounted to 20,510 tonnes, which is 1.7 times more than the figure for the same period in 2018. In monetary terms, imports rose by 1.6 times, to $93.76 million.

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UKRAINE INCREASES GAS IMPORTS BY 38%

Ukraine in January-November 2019 increased natural gas imports by 38.1% (by 3.854 billion cubic meters) compared to the same period in 2018, to 13.967 billion cubic meters, according to recent data from JSC Ukrtransgaz. According to the calculations of the Interfax-Ukraine agency, imports from Slovakia amounted to 9.034 billion cubic meters over 11 months (up by 45% compared to January-November 2018), from Hungary to 3.542 billion cubic meters (9.9% more), Poland to 1.931 billion cubic meters (2.1 times more).
In November 2019, imports amounted to 669 million cubic meters of gas, which is 31.1% less than in the same month of 2018 (971.2 million cubic meters).
As reported, Ukraine has not been importing natural gas under the contract with PJSC Gazprom (Russia) for four years (since November 26, 2015), purchasing resources exclusively on its western border.

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UKRAINIAN ENTERPRISES INCREASE IMPORT OF COPPER BY 24%

Ukrainian enterprises increased imports of copper and copper products in terms of money by 23.9% in January-October 2019 compared with similar period of 2018, to $102.527 million. Exports of copper and copper products decreased 45.4% over the year to $63.176 million, according to customs statistics released by the State Fiscal Service of Ukraine.
In October, copper and copper products were imported to the tune of $14.68 million, and copper exports were estimated at $5.102 million.
In addition, in January-October 2019, Ukraine decreased imports of nickel and products made of it by 16.4%, to $68.821 million (imports in October were estimated at $6.17 million), while imports of aluminum and products made of it increased 1.1%, to $334.166 million ($37.979 million). Imports of lead and products made of it decreased by 1.7%, to $12.682 million ($2.123 million) and imports of tin and products made of it decreased 13.6%, to $3.391 million ($0.545 million). Imports of zinc and zinc goods decreased 14%, to $62.036 million ($5.873 million).
Exports of aluminum and products made of it decreased 26.1% in January-October 2019, to $84.871 million ($7.876 million in October alone), while shipments of lead abroad decreased 24.3%, to $22.396 million ($3.227 million). Exports of nickel fell by 41.1%, to $4.115 million ($0.242 million in October).
Zinc exports in January-October 2019 amounted to $0.463 million ($0.001 million in October) compared to $0.274 in January-October 2018.
Exports of tin and products made of it in January-October 2019 were estimated at $0.034 million ($0.001 million in October) compared to $0.311 million in January-October 2018.

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UKRAINE INCREASES IMPORT OF MANGANESE ORE BY 30%

Ukraine in January-October 2019 increased import of manganese ore and concentrate in natural terms by 29.4% compared to the same period in 2018, to 1.027 million tonnes.
According to customs statistics released by the State Fiscal Service of Ukraine, imports of manganese ore and concentrate in monetary terms grew by 18.7%, to $183.574 million.
Major imports were made from Ghana (75.99% of deliveries in monetary terms), Russia (20.46%), and Georgia (3.1%).
In January-October 2019, Ukraine exported 27,026 tonnes of manganese ore and concentrate for the amount of $2.587 to Hungary (40.59%), Slovakia (23.04%) and the Czech Republic (19.87%), while in January-October 2018 the country exported 53,617 tonnes for $3.527 million.
As reported, Ukraine in 2018 reduced import of manganese ore and concentrate in natural terms by 27.9% compared to 2017, to 938,946 tonnes. Imports of manganese ore and concentrate in monetary terms fell by 18.2%, to $182.788 million.
Major imports were made from Ghana (57.5% of deliveries in monetary terms), the Republic of South Africa (16.74%), and Russia (17.98%).
In 2018, Ukraine reduced export and re-export of manganese ore and concentrate in natural terms by 31.1%, to 59,597 tonnes, in monetary terms – by 19%, to $3.829 million. Exports and re-exports were carried out to Hungary (40.35% of deliveries), Slovakia (21.6%), and the Czech Republic (23.32%).
In Ukraine, manganese ore is mined and enriched at the Ordzhonikidze and Marhanets ore-mining and dressing mills (both based in Dnipropetrovsk region).
Dnipro-based PrivatBank controls the Stakhanov and Zaporizhia ferroalloy plants, Ordzhonikidze and Marhanets mills.
Nikopol ferroalloy plant (NFP) is controlled by EastOne Group, founded in autumn 2007 as a result of Interpipe Group restructuring, and Privat Group.

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