Business news from Ukraine

Business news from Ukraine

UKRAINE RAISES CHEESE IMPORTS BY 1.6 TIMES TO $57.27 MLN

Ukraine in January-August 2019 exported 4,340 tonnes of cheese, which is 19.5% less than in the same period in 2018.
According to customs statistics released by the State Fiscal Service, in monetary terms exports amounted to $15.64 million, which is 22% less than the figure for the eight months of 2018.
At the same time, cheese imports in January-August 2019 amounted to 12,500 tonnes, which is 1.6 times more than the figure for the same period in 2018. In monetary terms, imports rose by 49.5%, to $57.27 million.
Export of butter from Ukraine in January-August of this year decreased by 34.3%, to 14,100 tonnes, in money terms by 37.2%, to $58.1 million. Import of this product, according to the service, rose by 33%, to 950 tonnes ($5.28 million).
In January-August, export of milk and cream (condensed) rose by 9.5%, to 29,170 tonnes. Ukraine supplied condensed milk and cream for a total of $61.85 million against $43.77 million in January-August 2018. Imports of this group of goods decreased by 6.6%, to 1,330 tonnes ($2.91 million).

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DTEK CUTS COAL IMPORTS BY 33.6%

DTEK Group through January-June 2019 reduced coal imports by 33.6% (501,400 tonnes) compared to the same period last year, to 991,300 tonnes, according to a press release from the company.
In the first half of the year, DTEK enterprises decreased production of coal by 2.5% compared to the same period of 2018, to 12.571 million tonnes.
In particular, the production of G and DG grade coal (Ukraine) for the first sixth months of 2019 decreased by 0.9%, to 11.325 million tonnes. Production of A grade coal by Obukhovskaya mine (the Russian Federation) for this period decreased by 14.8%, to 1.246 million tonnes.
Concentrate output fell by 5.5%, to 5.485 million tonnes. In particular, output at third-party processing plants in Ukraine fell by 85.2%, to 72,200 tonnes, while at Obukhovskaya mine fell by 6.7%, to 847,300 tonnes.

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UKRAINE IMPORTS NATURAL GAS WORTH $1.1 BLN IN SIX MONTHS

Ukraine in January-June 2019 imported 4.863 billion cubic meters of natural gas for a total of $1.060 billion, in particular in June 1.372 billion cubic meters for $259.638 million, according to the State Statistics Service.
Thus, the average price of gas imported by the country in June 2019 amounted to $189.3 per 1,000 cubic meters, which is 7.8% less than in May 2019 ($205.3).
The counterparties for the six months of 2019 were companies from Switzerland with 1.732 billion cubic meters of gas for $372.82 million, Germany with 1.567 billion cubic meters for $329.671 million, Hungary with 356.061 million cubic meters for $72.895 million, the Czech Republic with 246.071 million cubic meters for $51.799 million, Poland with 292.817 million cubic meters for $63.78 million, Austria with 224.315 million cubic meters for $63.597 million, France with 172.724 million cubic meters for $38.518 million, the UK with 106.64 million cubic meters for $28.751 million, Luxembourg with 88.627 million cubic meters for $23.159 million, Slovakia with 57.583 million cubic meters for $11.23 million, Italy with 16.893 million cubic meters for $3.487 million, and Bulgaria with 1.4 million cubic meters for $255,000.
Gas was not imported from Russia for the indicated period.

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UKRAINE BOOSTS IMPORTS OF COKE BY 13%

Ukraine reduced coke and semi-coke exports by 61% year-over-year, to 6,891 tonnes in January-April 2019.
According to customs statistics, published by the State Fiscal Service of Ukraine, coke and semi-coke exports were down 65.2% in monetary terms, to $1.652 million.
The majority of deliveries were made to Belarus (22.4% in monetary terms), Romania (20.22%) and Moldova (17.68%).
Imports of coke and semi-coke rose by 12.9%, to 651,259 tonnes in January-July 2019, worth $200.694 million (15% up). The goods were mainly imported from Russia (84.36% in monetary terms), Poland (9.98%) and Egypt (3.74%).
As reported, Ukraine cut coke and semi-coke exports by 88.6% year-over-year to 25,578 tonnes in 2018. Imports of coke and semi-coke fell by 45.8%, to 839,757 tonnes in 2018, worth $251.724 million (44% down).
Some coalmines and coking plants in Ukraine are located in Russia-occupied areas of Donetsk and Luhansk regions in eastern Ukraine.

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UKRAINE INCREASES IMPORTS OF COPPER BY 22%

Ukrainian enterprises increased imports of copper and copper products in terms of money by 22.1% in January-July 2019 compared with similar period of 2018, to $63.366 million.
Exports of copper and copper products decreased 48.3% over the year to $52.164 million, according to customs statistics released by the State Fiscal Service of Ukraine.
In July, copper and copper products were imported to the tune of $10.336 million, and copper exports were estimated at $5.990 million.
In addition, through seven months of 2019 Ukraine decreased imports of nickel and products made of it by 10.1%, to $52.833 million (imports in July were estimated at $8.520 million), while imports of aluminum and products made of it increased 8.4%, to $228.420 million ($40.390million). Imports of lead and products made of it decreased by 1.7%, to $7.481 million ($1.143 million) and imports of tin and products made of it decreased 17.4%, to $2.038 million ($377,000). Imports of zinc and zinc goods decreased 18.7%, to $41.868 million ($9.384 million).
Exports of aluminum and products made of it decreased 27.4% in January-July 2019, to $60.540 million ($9.177 million in July alone), while shipments of lead abroad decreased 34.1%, to $14.914 million ($2.432 million). Exports of nickel fell by 39.8%, to $3.267 million ($0.274 million in July).
Zinc exports in January-July 2019 amounted to $385,000 ($28,000 in July) compared to $148,000 in January-July 2018.
Exports of tin and products made of it in January-July 2019 were estimated at $30,000 (some $1,000 in July) compared to $269,000 in January-July 2018.

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UKRAINE RAISES IMPORTS OF ALUMINUM ORE BY 10%

Ukraine in January-July of this year increased imports of aluminum ore and concentrate (bauxites) in natural terms by 9.8% compared to the same period in 2018, to 3.42 million tonnes.
According to customs statistics released by the State Fiscal Service, during this period bauxite imports in monetary terms increased by 21.3%, to $133.376 million.
At the same time, imports were mainly from Guinea (58.31% of deliveries in monetary terms), Guyana (36.62%), and Brazil (2.19%).
In January-July 2019, some 22 tonnes of bauxite were exported to Poland for $1,000, whereas in January-July 2018 some 45 tonnes of bauxite were re-exported to Poland for $5,000.

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