Business news from Ukraine

Business news from Ukraine

Ukraine reduced imports of petroleum products by 13.5%

17 September , 2022  

In January-August 2022, Ukraine imported 4 million 564.904 thousand tons of oil products (according to the HS code 2710: gasoline, diesel fuel, fuel oil, jet fuel, etc.), which is 13.5% less than in the same period last year (5 million 277.684 thousand tons).
According to the State Customs Service, oil products were imported in the amount of $5 billion 231.597 million, which is 69.5% more than in January-August 2021 ($3 billion 86.632 million).
Belarus imported fuel for $793.511 million (share – 15.17%), Russia – for $590.393 million (11.29%), India – for $553.213 million (10.57%), other countries – for $3 billion 294.48 million (62.97%). For eight months of 2021, the total cost share of fuel from Belarus and the Russian Federation in imports was 65%.
In addition, Ukraine exported 54.455 thousand tons (-77.6% compared to January-August-2021) of oil products for a total of $61.854 million (-52.2%) in eight months. The cost of fuel delivered to counterparties from Lithuania amounted to $16.342 million, Turkey – $11.533 million, Estonia – $6.022 million, other countries – $27.957 million.
As reported, Ukraine imported 8 million 790.515 thousand tons of oil products in 2021, which is 9.6% more than in 2020 (8 million 23.072 thousand tons).
Oil products were imported in the amount of $5 billion 614.787 million, which is 65.3% more than in 2020 ($3 billion 396.929 million). Incl. Belarus imported fuel for $2 billion 351.116 million (share – 41.87%), Russia – for $1 billion 240.513 million (22.09%), Lithuania – for $654.584 million (11.66%), other countries – for $1 billion 368.574 million (24.37%).

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