Business news from Ukraine

Ukraine for 7 months increased revenue from electricity export by 1.5 times

25 August , 2022  

In January-July 2022, Ukraine increased its revenue from electricity exports by 1.5 times (by $70.026 million) compared to the same period in 2021, to $205.638 million, according to the State Customs Service.
According to the Interfax-Ukraine agency, over seven months electricity was supplied to Poland for $65.056 million, Slovakia – for $48.968 million, Hungary – for $40.408 million, other countries – for $51.206 million.
In July this year, electricity export revenue amounted to $35.64 million compared to $27.373 million in June 2021.
In addition, in January-July 2022, Ukraine imported electricity for $107.931 million against $59.058 million for the same period last year. Including from Belarus – by $100.414 million (in January-February), Belgium – by $4.778 million, Moldova – by $1.041 million, other countries – by $1.698 million.
Last month, Ukraine imported electricity for $5.816 million compared to $0.461 million in July 2021.
As reported, Ukraine in 2021 reduced its revenue from electricity exports by 8.5% (by $23.89 million) compared to 2020, to $256.941 million. In addition, Ukraine imported electricity by $87.345 million in 2021 against $131.605 million for 2020th.
Ukraine in 2021 reduced the export of electricity by 26.5% (by 1 billion 258.7 million kWh) compared to 2020 – to 3 billion 495.4 million kWh, import – by 25.9% (by 591.3 million kWh), up to 1 billion 693.6 million kWh.

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