Business news from Ukraine

Foreign trade turnover by the most important positions in Jan-May 2022 (export)

Foreign trade turnover by the most important positions in Jan-May 2022 (export)

SSC of Ukraine

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Ukraine completely banns export of coal

At a meeting on Wednesday, the Cabinet of Ministers completely banned the export of Ukrainian coal, Taras Melnychuk, a representative of the government in the Verkhovna Rada, said in his Telegram channel.
“Changes have been made to the volume of quotas for goods whose export is subject to licensing, approved by Resolution of the Cabinet of Ministers of December 29, 2021 No. 1424, in terms of a complete ban on the export of coal of Ukrainian origin,” Melnychuk wrote.
Earlier, the Cabinet of Ministers, by Resolution No. 666 of June 10, 2022, made similar changes to Resolution No. 1424 of December 29, 2021, setting zero quotas and thereby banning the export of natural gas, fuel oil, as well as hard coal, anthracite, briquettes, pellets and similar types of solid fuels obtained from hard coal, except for coking coal.
According to the State Customs Service, since the beginning of 2022, Ukraine’s coal exports amounted to 450.6 thousand tons for $145.917 million, incl. to Slovakia – by $93.349 million, Poland – by $34.084 million, Hungary – by $15.919 million, other countries – by $2.565 million.
In January-July 2021, exports amounted to 0.2 thousand tons for $0.025 million.

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Export of poultry meat from Ukraine for 8 months decreased by 9.9%

In January-August 2022, Ukraine exported 265.5 thousand tons of poultry meat and offal, which is only 9.9% less than the figure for the same period in 2021, the Union of Poultry Breeders of Ukraine Association reported on the website.
At the same time, it is noted that in monetary terms, the export of these products for the specified period increased by 32.8% – up to $589.2 million. Such an increase in export earnings became possible due to an increase in prices in the traditional export markets of Ukrainian products, in particular the EU countries and the Middle East.
The largest importers of meat and edible poultry offal from Ukraine in August 2022 were Saudi Arabia (24%), the Netherlands (16%) and Slovakia (10%). According to the results of January-July, these countries became the largest consumers of Ukrainian poultry meat.
At the same time, the import of poultry meat to Ukraine for the same period amounted to 49.7 thousand tons, which is 36% less than for the same period in 2021. The entire volume came from EU countries, mainly from Poland.

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By August, Ukraine brought export of dairy products to pre-war level

Ukraine, in the context of a full-scale Russian military invasion in January-August 2022, exported 59.4 thousand tons of dairy products, which is comparable to last year.
As reported on the Facebook page of the association “Ukrainian Agrarian Business Club” (UCAB) on Monday, the supply of dairy products to foreign markets grew especially rapidly in August – up to 12.7 thousand tons, which is twice as high as in August 2021.
According to the UCAB, in August 2022, Ukraine exported 3.58 thousand tons of non-condensed milk and cream (a threefold increase compared to June), 3.26 thousand tons of condensed milk and cream (twice as much), 273 tons of butter dish (50% less), 2.53 thousand tons of whey (72% more), 2.14 thousand tons of butter (3.5 times more), 1 thousand tons of cheeses of all types (62% more more).
In addition, in the summer of 2022 (June-August), Ukraine exported 31.5 thousand tons of dairy products, which is 52% of actual exports for the eight months of this year, as well as 40% more than in the same period of 2021.
The largest importers of Ukrainian products for eight months of 2022 were Moldova – 4.4 thousand tons, Poland – 2.4 thousand tons, China – 900 tons.
As noted by UCAB, imports of dairy products to Ukraine are gradually declining. Thus, according to its data, 42.3 thousand tons were imported in eight months, which is 37% less than last year. In August, 5 thousand tons of dairy products were imported, of which the majority were cheeses of all kinds (3.1 thousand tons).
“In January-August, the foreign trade balance is passive and amounts to $2.3 million. If in September the export rates remain the same as in August, then the foreign trade balance may already be active and overall trade will be more positive for the industry,” – the association quotes the expert Maxim Gopka.
As reported, in May 2022, the Union of Dairy Enterprises of Ukraine association predicted that this year milk production would decrease by 13-16% – to 7.33-7.56 million tons from 8.73 million in 2021, the depth crisis in the industry will be determined by the development of hostilities.
It is expected that the average milk consumption in Ukraine per capita in 2022 will increase by 8% – from 212 kg in 2021 to 229 kg this year due to internal and external migration of the population.

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Export of agricultural products within framework of Black Sea Grain Initiative reached almost 1.8 million tons

The total tonnage of grain and other food products exported from three Ukrainian ports as part of the Black Sea Grain Initiative reached 1 million 766.53 thousand tons on September 2, the Joint Coordination Center (JCC) reported.
“A total of 160 flights are allowed: 86 inbound and 74 outbound,” his summary emphasizes.
In particular, on September 2, the SCC authorized the movement of eight vessels carrying a total of 196.29 thousand tons of agricultural products on Saturday.
Among them from the “Southern” port: MAINA in Tarragona (Spain) with 56.5 thousand tons of corn, CANOPUS in Jawaharlal Nehru (India) with 42 thousand tons of sunflower oil, SEA DOLPHIN in Amsterdam (Netherlands) with 31.1 thousand tons, LADY PERLA in Porto Marghera (Italy) with 20.5 thousand tons of corn.
From the port of “Chornomorsk”: BC CALLISTO to Damietta (Egypt) with 31.4 thousand tons of wheat, LADY EVA in Patras (Greece) with 6.12 thousand tons of wheat, SEALOCK to Mersin (Turkey) with 2.07 thousand tons. tons tons of peas, as well as SARA from Odesa to Tekirdag (Turkey) with 6.6 thousand tons.
Two more vessels whose planned departure on Friday was postponed are also expected to depart on Saturday-Sunday: MUBARIZ IBRAHIMOV from Odesa to Tekirdag (Turkey) with 6.6 thousand tons of sunflower oil and NORD VIRGO from “Pivdenny” to Juan (China) ) from 62.34 thousand tons of corn.
In addition, the SCC completed eight inspections of inbound vessels on September 2, and has nine inspections planned for Saturday: six inbound vessels and three outbound.
As reported, on July 22 in Istanbul, at the suggestion of the UN, Ukraine, Turkey and UN Secretary General Antonio Guterres signed an initiative on the safe transportation of grain and food products from the Ukrainian ports of Odesa, Chornomorsk and Pivdenny.

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Export of goods from Ukraine in August increased by 13.9% compared to July to $3.36 bln

Export of goods from Ukraine in August increased by 13.9% compared to July to $3.363 billion, while imports decreased by 2.3% to $4.416 billion, the Ministry of Economy reported on Friday.
According to him, as a result, the negative balance of Ukraine’s foreign trade in goods last month decreased to $1.053 billion from $1.569 billion in July and $1.549 billion in June.
“The growth in exports is associated with the partial unblocking of the ports of Greater Odessa. This made it possible to significantly increase the volume of exports of Ukrainian goods. As a result, transportation by sea increased by 85% and amounted to almost 2.9 million tons,” the Ministry of Economy noted.
It indicated that in physical terms, in August 2022, the volume of Ukrainian exports increased by 25%, to 7.296 million tons, while imports decreased by 1%, to 1.961 million tons.
According to the Ministry of Economy, Ukraine exported more than 3 million tons of goods by rail, and 1.36 million tons by road.
At the same time, exporters receive the largest revenue from goods exported by road – $1.48 billion, sea cargo cost $995 million, and rail cargo – $788 million.
“Ukraine relies on the export model of economic growth. Before the full-scale war, our exports amounted to 35% of GDP. The goal of the Government and the Ministry of Economy is to raise it to 50%. 75% of exports should be finished goods and services,” the words of the First Vice -Prime Minister – Minister of Economy Yulia Sviridenko.
The leaders in terms of export value in August were, in particular, sunflower oil – $443 million and corn – $347 million, whose export volumes increased by 30%, to 366 thousand tons and by 31%, to 1.5 million tons, respectively, while export of sunflower seeds amounted to $71 million.
In addition, the list of leaders includes rapeseed – $305 million, including exported 665 thousand tons of this crop of the new crop, and wheat – $213 million, the export of which in August increased 2.3 times compared to July, to 880 thousand tons.
Last month, soybean exports jumped by 30% to 148,000 tons, and in monetary terms to $62 million, while revenue from electricity exports doubled to $73 million, which was the result of the successful integration of the Ukrainian energy sector into ENTSO-E, an energy system of the European Union.
“It is important that confectionery processing products demonstrate a stable upward trend: bakery +19.4%, sugar +9.1%, chocolate +25%,” the Ministry of Economy added, without specifying specific indicators.
At the same time, ore exports fell to 1.4 million tons, and in monetary terms – to $172 million, cable products – by 9.8%, to $89 million, poultry meat – to $67 million.

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