Business news from Ukraine

FLOW OF AGRICULTURAL GOODS BETWEEN UKRAINE-EU TOTALS $2.2 BLN IN JAN-MAR

The flow of agricultural goods between Ukraine and the European Union (EU) in January-March 2018 totaled $2.2 billion, according to a posting on the website of the Institute of Agrarian Economy research center. Deputy Director of the center Mykola Puhachev said that the surplus was $845 million. “In Q1 2018, both imports grew by 27%, to $669 million and exports by 15%, to $1.513 billion year-over-year,” he said.
The largest trade partners of Ukraine in the EU are Spain, the Netherlands, Italy, Poland, Germany and France, with the total share of the agricultural goods flow of over 72%. According to the report, grain and oilseeds, as well as sunflower oil and meal provide for the main volumes of supplies from Ukraine to Europe.
Ukraine imports mainly grain, oilseeds, cacao beans and chocolate, various food, waste of processing industry, spirit and alcohol.
Puhachev said that in January-March 2018, Ukrainian exporters fully used duty free quotas for what, corn, honey, apple and grape juices, malt, the quarterly quota for poultry and the half-year quota for butter. For other food the average usage of quotas is rather low.
“In 2018, the quotas for some goods are growing as it was planned, in particular, sugar, starch, juices, barley cereal, wheat, corn, lamb meat and other products. In addition, preferential quotas for eight goods are in effect for Ukraine: honey, grape juice, barley cereal, preserved tomatoes, oats, wheat, corn and barley,” the expert said.

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FOREIGN TRADE OPERATIONS ARE CONDUCTED WITH 209 COUNTRIES, DEFICIT OF UKRAINE’S FOREIGN TRADE WITH GOODS GROWS 1.5-FOLD IN Q1

The deficit of Ukraine’s foreign trade with goods in January-March 2018 grew 1.5-fold year-over-year, reaching $1.201 billion ($794.1 million in Q1 2017), the State Statistics Service reported on Tuesday. In March, the deficit was $460 million, while in February – $457 million and in January – $284.1 million.
In January-March 2018, exports of goods grew by 10.3% year-over-year, to $11.435 billion, and imports – by 13.2%, to $12.636 billion.
In March 2018 compared with the previous month seasonally adjusted volumes of exports grew by 2.5% and imports – by 2%. The seasonally adjusted deficit of foreign trade in March 2018 was $338.7 million, in February 2018 – the deficit was $352.9 million and in January – $519.9 million.
As a result, the coefficient of coverage of imports by exports was 0.90 (in January-March 2017 some 0.93).
The service said foreign trade operations were conducted with partners from 209 countries.

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SOLD INDUSTRIAL PRODUCTS (GOODS, SERVICES) IN UKRAINE 16.7% UP IN Q1

The volume of sold industrial products (goods, services) in January-March 2018 stood at UAH 621.436 billion, which is 16.7% more than in January-March 2017, in particular the volume sold abroad was worth UAH 166.784 billion, the State Statistics Service has reported. According to the agency, in March 2018 compared to March 2017 the index of turnover of sold production grew by 10.9%, and by 11.1% compared with February 2018. Sales in mining industry in March 2018 compared with March 2017 grew by 2.25 (4.6% compared with February 2018) and in processing industry – by 12.9% (12.6%).
In the total volume of sales, the largest share accounted for processing industry (60.1%), the supply of electricity, gas, steam and air conditioning (25.1%), metallurgical production (18.4%), production of cast iron, steel and ferroalloys (14.3%), mining and quarrying (13.9%) and
As reported, in 2017 industrial products (goods, services) worth UAH 2.153 trillion were sold, which is 21.9% more than in 2016.

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