Business news from Ukraine

BIOPHARMA TO BOOST EXPORTS BY 60% INCLUDING NEW COUNTRIES (BANGLADESH AND COLOMBIA)

Kyiv-based producer of blood-derived products Biopharma is to boost exports by 60% in August 2018 year-over-year, to UAH 130 million. Exports in August will be 40% higher than the monthly average indicator during the year, the company’s press service said. In August 2018, the company will ship, in addition to Ukraine, to markets of 10 countries, including Belarus, Kazakhstan, India, Colombia, Uzbekistan, Azerbaijan, Middle East countries, as well as to Slovakia, Mongolia, and Bangladesh. It should be noted that Biopharma’s products will be delivered to Bangladesh and Colombia for the first time. The company’s plans include the expansion of its presence in the European markets.
Biopharma immunobiological pharmaceutical company is one of the ten largest Ukrainian producers of medicines. It produces more than 20 immunobiological preparations from donated blood, preparations obtained with the use of recombinant DNA technology and probiotics.
In 2015, the company invested $3.5 million in the reconstruction of Sumy region’s blood center, which currently accounts for 98.2% of donated blood in the region.
Biopharma plans to launch a plasma fractionation plant in 2018. The Biopharma Group of Companies includes LLC Biopharma Invest, LLC Biopharma Plasma Invest, LLC Biopharma Plasma, and LLC Fractionation Plant FZ Biopharma.

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UKRAINE EXPORTS 3.9 MLN TONNES OF GRAIN SINCE JULY 1 TO AUGUST 15

Ukraine exported 3.894 million tonnes of grain from July 1, 2018, when the 2018/2019 marketing year began, to August 15, which was 5.4% down on the same date last year. In particular, about 1.67 million tonnes of wheat was shipped abroad, the Agrarian Policy and Food Ministry said.
Barley exports totaled 1.15 million tonnes, and those of maize were 1.03 million tonnes.
Ukraine also exported 20,800 tonnes of flour by August 15, 2018.
Ukraine exported 39.4 million tonnes of grain in the 2017/2018 marketing year (July through June), the ministry said.

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GOLDEN TILE CERAMIC GROUP INCREASES EXPORT, KEY FOREIGN TRADE AREAS – GREAT BRITAIN, GERMANY, ROMANIA, HUNGARY, POLAND

Golden Tile ceramic group in the first half of 2018 increased tile exports by 21%, to 2.8 million square meters, Oleh Lysokon, the deputy chairman of the Golden Tile board, has told Interfax-Ukraine. According to him, the group also increased domestic sales to 4.2 million square meters, which is 10% more than in the first half of 2017. According to the group’s report on its website, in the second half of this year Golden Tile plans to export 2 million square meters of tiles. The geography of its exports covers 26 countries. The key areas of foreign trade are Great Britain, Germany, Romania, Hungary, and Poland.
“The key to foreign markets is DIY networks. We sold 556,000 square meters of our products in foreign trade networks in the first half of 2018. The growth compared to 2017 was 54%. Ukrainian tiles took their place on the shelves of the largest European trade networks: Leroy Merlin, Praktiker, Mercury Market, Hornbach, OBI, and Arabesque,” chairman of the group board Dmytro Salimonov said.
According to him, the group plans to open a representative office in Israel and Lithuania, as well as to sign a contract with the British DIY networks ToppsTiles and Homebase.
Golden Tile ceramic group is a vertically integrated group of companies providing a full cycle of production and distribution of ceramic tiles.

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FIVE STATES CONTROL OVER 50% OF ALL IMPORTS TO UKRAINE IN JAN-MAY, 2018

5 countries control over half of all goods imports to Ukraine. Foreign trade operations were conducted with partners from 210 countries, but Russia, China, Germany, Poland, Belarus are in top-5 among other exporters of goods to Ukraine.
According to the statistical data, Russia is the first exporter of its good to Ukraine with 14,8% of all trade volume, the second is China (12,1%). The USA is the 6-th exporter to Ukraine, the UK is on the 13-th place.
The deficit of Ukraine’s foreign trade in goods in January-May 2018 increased by 1.4 times compared with January-May 2017 and amounted to $2.055 billion, the State Statistics Service has said. According to its data, in May the deficit was $632 million, while in April some $221.6 million, in March $460 million, in February $457 million, and in January $284.1 million. In January-May 2018 exports of goods compared to January-May 2017 increased by 12.9%, amounting to $19.460 billion, imports by 15.3%, to $21.515 billion.
In May 2018 compared to the previous month, the seasonally adjusted export volumes decreased by 5.8%, imports by 13.4%. The seasonally adjusted foreign trade balance in May 2018 was negative and amounted to $946.5 million, negative indicators were also fixed in April 2018 at $570.8 million, in March at $508.2 million, in February at $411.8 million, and January at $580.5 million.
The ratio of coverage of imports by exports was 0.9.
Foreign trade operations were conducted with partners from 210 countries, a share of top-20 importers to Ukraine is more than 75% of a total volume.

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UKRAINE’S FOREIGN TRADE (EXPORT OF GOODS) IN JAN-MAY, 2018

Foreign trade operations were conducted with partners from 210 countries. The ratio of coverage of imports by exports in Ukraine was 0.9.
The deficit of Ukraine’s foreign trade in goods in January-May 2018 increased by 1.4 times compared with January-May 2017 and amounted to $2.055 billion, the State Statistics Service has said.
Russia is still on the first place among main export markets for Ukrainian goods (7,8% of all trade volume), 4 years ago a share of Russia was more than a quarter of all Ukrainian export..
The second goes Poland (7,0%), the third one is Turkey (6,2%).
Also in top-ten export destinations are Italy, India, China, Germany, Egypt, Hungary, the Netherlands. The USA is the 13-th export market of Ukraine, the UK and France are not presented even in top-20 of the main markets for Ukrainian goods.

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