Business news from Ukraine

Ukraine increased exports of goods by 4.6%, while imports decreased by 1%

Ukraine’s exports of goods in January-February 2024 increased by 4.6% y-o-y, from $6.5 billion to $6.8 billion, while imports decreased by 1%, from $10.1 billion to $10 billion, the State Customs Service reported on Friday.

According to its post on Telegram, in the first two months of 2024, trade turnover increased by 2% compared to two months of 2023, to $16.8 billion.

In January, the State Customs Service reported a 9.7% increase in exports from $3.1 billion to $3.4 billion and a 6.3% increase in imports from $4.8 billion to $5.1 billion. Taking into account these data, in February, exports remained at the level of February last year – $3.4 billion, while imports decreased by 7.5% to $4.9 billion.

The agency noted that taxable imports in January-February amounted to $8.8 billion, or 88% of total imports, and the tax burden per 1 kg was $0.47/kg, which is 5% more than in the same period in 2023.

According to the State Customs Service, the largest imports to Ukraine in the first two months of this year were from China – $2 billion, Poland – $1.1 billion, and Germany – $769 million.

Ukraine exported the most to Poland – $649 million, Spain – $624 million, and China – $504 million.

As stated in the report, 67% of the total volume of goods imported in January-February 2024 was machinery, equipment and transport – $3.5 billion (UAH 25.3 billion was paid to the budget during customs clearance, which is 31% of customs revenues), chemical products – $1.8 billion (UAH 12.8 billion was paid to the budget, or 16% of customs revenues) and fuel and energy products – $1.3 billion (UAH 20 billion was paid, or 24% of revenues).

The top three most exported goods from Ukraine were food products – $4.5 billion, metals and metal products – $726 million, and mineral products – $587 million.

According to the report, in the first two months of 2024, UAH 47.96 million was paid to the budget during customs clearance of exports of goods subject to export duties.

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Demand for used foreign cars imported to Ukraine increased by one third – “Ukravtoprom”

Ukrainian car fleet in February was replenished with 17.8 thousand used cars imported from abroad, which is one third more than in the same month of 2023, Ukravtoprom reported in its Telegram channel.

As reported, new passenger cars for the same month, according to the association, registered 5.7 thousand (an increase of 51%).

The largest share in the segment of used foreign cars last month still belonged to gasoline cars – 48%. Then come: diesel cars – 27%; electric cars – 16%; cars with gasoline – 5%; hybrids – 4%.

The leader among imported “second hand” remains Volkswagen Golf – 963 registrations.

The top 10 most popular models also include: Renault Megane – 806 units; Skoda Octavia – 688 units; Volkswagen Passat – 572 units; Volkswagen Tiguan – 451 units; Nissan Leaf – 416 units; Nissan Rogue – 414 units; Audi Q5 – 409 units; Tesla Model 3 – 380 units and Audi A4 – 349 units.

The average age of used cars, transferred to Ukrainian license plates in February, is 9.4 years (in January of this year – 9.8 years).

In total, in January-February, 34.5 thousand used cars imported from abroad passed the first registration in Ukraine – 38% more than in the same period of 2023.

As reported, in February-2023 demand for used used foreign cars in Ukraine decreased by 54% to February-2022 – to 13.5 thousand units, and the leader was Renault Megan with 1049 cars.

For the whole last year registrations of such cars decreased by 45% against the previous year – to 214.4 thousand units.

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Ukraine increased imports of coke and semi-coke by 8.1 times

In January this year, Ukraine increased imports of coke and semi-coke in physical terms by 8.1 times compared to the same period last year – up to 42,885 thousand tons from 5,289 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, coke imports in monetary terms increased sevenfold to $16.620 million during this period.

In the first month of the year, the country did not export coke, as it did in January-2023.

Imports were carried out mainly from Poland (95.64% of supplies in monetary terms), the Czech Republic (2.77%) and Hungary (1.59%).

As reported, in 2023, Ukraine reduced imports of coke and semi-coke in physical terms by 8.5% compared to 2022 – to 328.697 thousand tons, while imports in monetary terms decreased by 25.8% to $129.472 million.

In 2023, Ukraine exported 3,383 thousand tons of coke, down 12.3% compared to 2022. In monetary terms, it decreased by 22.2% to $787 thousand.

Exports were carried out to Moldova (100% of supplies in monetary terms), while imports were mainly from Poland (88.47%), Colombia (7.72%) and the Czech Republic (3.15%).

In 2022, Ukraine decreased exports of coke and semi-coke in physical terms by 98% compared to the previous year to 3,856 thousand tons, and in monetary terms by 97.6% to $1,011 million. The main exports were made to Hungary (42.63% of supplies in monetary terms), Georgia (37.69%) and Turkey (17.41%).

In 2022, Ukraine imported 359.192 thousand tons of coke and semi-coke, which is 54.5% less than in 2021. In monetary terms, imports decreased by 50.3% to $174.499 million. Imports were carried out mainly from the Russian Federation (43.43% of supplies in monetary terms, before the war), Poland (30.07%) and the Czech Republic (13.15%).

As a result of the war, a number of mines and coke plants are located in the territories temporarily not controlled by Ukraine.

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Ukraine increased copper imports by 2.6 times, exports by 56%

In January this year, Ukrainian companies increased imports of copper and copper products in value terms by 2.6 times compared to the same period last year, to $16.833 million from $6.368 million.

According to customs statistics released by the State Customs Service of Ukraine on Friday, exports of copper and copper products decreased by 17.6% to $5.279 million from $6.407 million over the period.

In addition, in January 2024, Ukraine increased imports of nickel and nickel products by 11.5 times compared to January 2023 – to $3.573 million from $312 thousand, aluminum and aluminum products – by 26.3%, to $33.501 million.

At the same time, it increased imports of lead and lead products by 4.2 times to $135 thousand, imports of tin and tin products by 51.2% to $260 thousand, and increased imports of zinc and zinc products by 82.9% to $4.094 million.

Exports of aluminum and aluminum products in the first month of 2024 increased by 18% compared to January 2023 to $7.999 million, lead and lead products decreased by 46.5% to $873 thousand, nickel and nickel products amounted to $3 thousand, at the level of January 2023.

Zinc exports last month amounted to $8 thousand, while in January 2023 they were absent. Exports of tin and tin products were absent in January 2024, while in January 2023 they amounted to $17 thousand.

In December 2023, copper was imported for $20.856 million, and exported for $6.906 million. Last December, Ukraine imported $1.025 million worth of nickel and products, $31.951 million worth of aluminum, as well as $70 thousand worth of lead and products, $310 thousand worth of tin, and $3.665 million worth of zinc.

At the same time, in December 2023, Ukraine exported $8.433 million worth of aluminum, $704 thousand worth of lead and lead products, $24 thousand worth of nickel and nickel products, $13 thousand worth of zinc, and $79 thousand worth of tin.

As reported, in 2023, Ukraine increased imports of copper and copper products by 2.2 times compared to 2022 – up to $140.795 million, while exports decreased by 20.1% to $72.078 million.

In addition, in 2023, Ukraine reduced imports of nickel and products by 74.2% compared to 2022, to $15.391 million, and increased imports of aluminum and aluminum products by 7.7%, to $366.463 million.

At the same time, it reduced imports of lead and lead products by 65.2% to $989 thousand, imports of tin and tin products by 23% to $2.728 million, but increased imports of zinc and zinc products by 18.8% to $45.966 million.

Exports of aluminum and aluminum products last year increased by 0.7% compared to 2022 to $97.616 million, lead and lead products increased by 23.5% to $14.778 million, and nickel and nickel products amounted to $532 thousand, while in 2022 it was $1.268 million.

In 2023, the company exported $130 thousand worth of zinc, compared to $1.331 million in 2022. Exports of tin and tin products amounted to $159 thousand against $424 thousand in 2022.

As reported, in 2022, Ukrainian enterprises reduced imports of copper and copper products in value terms by 64.3% compared to the previous year to $65.370 million, while their exports decreased by 56.3% to $90.245 million.

In addition, in 2022, Ukraine reduced imports of nickel and nickel products by 49.9% compared to 2021, to $59.754 million, and aluminum and aluminum products by 33.4%, to $340.398 million. At the same time, it reduced imports of lead and lead products by 66.6%, to $2.839 million.

Imports of tin and tin products fell by 33.5% to $3.312 million, and imports of zinc and zinc products decreased by 58.7% to $38.690 million.

In 2022, exports of aluminum and aluminum products decreased by 42.7% compared to 2021, to $96.972 million, lead and lead products – by 68.7%, to $11.970 million, and nickel and nickel products – by 73.9%, to $1.268 million.

Zinc exports in 2022 amounted to $1.331 million, while in 2021 they amounted to $550 thousand. Exports of tin and products in 2022 amounted to $424 thousand, compared to $346 thousand in the previous year.

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Ukrainian companies reduced nickel imports in 2023 but increased aluminum imports

In 2023, Ukrainian companies reduced imports of nickel and nickel products by 74.2% compared to 2022, to $15.391 million ($1.025 million in December), while aluminum and aluminum products increased by 7.7%, to $366.463 million ($31.951 million).
At the same time, it reduced imports of lead and lead products by 65.2% to $989 thousand ($70 thousand), imports of tin and tin products by 23% to $2.728 million ($310 thousand), but increased imports of zinc and zinc products by 18.8% to $45.966 million ($3.665 million).
Exports of aluminum and aluminum products last year increased by 0.7% compared to 2022 to $97.616 million ($8.433 million in December), lead and lead products increased by 23.5% to $14.778 million ($704 thousand), nickel and nickel products amounted to $532 thousand ($24 thousand), while in 2022 it was $1.268 million.
Zinc was exported abroad in 2023 for $130 thousand ($13 thousand in December) against $1.331 million in 2022. Exports of tin and tin products amounted to $159 thousand (up $79 thousand in December) against $424 thousand in 2022.
In addition, in 2022, Ukraine reduced imports of nickel and nickel products by 49.9% compared to 2021, to $59.754 million, aluminum and aluminum products by 33.4%, to $340.398 million. At the same time, it reduced imports of lead and lead products by 66.6%, to $2.839 million.
Imports of tin and tin products fell by 33.5% to $3.312 million, and imports of zinc and zinc products decreased by 58.7% to $38.690 million.
In 2022, exports of aluminum and aluminum products decreased by 42.7% compared to 2021, to $96.972 million, lead and lead products – by 68.7%, to $11.970 million, and nickel and nickel products – by 73.9%, to $1.268 million.
Zinc exports in 2022 amounted to $1.331 million, while in 2021 they amounted to $550 thousand. Exports of tin and products in 2022 amounted to $424 thousand, compared to $346 thousand in the previous year.

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Spain is interested in importing Ukrainian corn and sunflower

Spain is ready to promote Ukrainian agricultural exports and is interested in importing Ukrainian agricultural products, in particular corn and sunflower, Spanish Minister of Agriculture, Fisheries and Food Luis Planas Puigades said at an online meeting with Ukrainian Minister of Agrarian Policy and Food Mykola Solsky on Monday.

According to the press service of the Ministry of Agrarian Policy, during the online meeting, the parties discussed the export of Ukrainian agricultural products and food security. In particular, the extension of Ukraine’s duty-free and quota-free trade regime with the European Union.

“Spain fully supports Ukraine in the face of Russia’s unprecedented and illegal aggression. This includes both military and humanitarian assistance. The Spanish Minister of Agriculture emphasized that support for Ukraine also means promoting Ukrainian exports, which is a key factor for the economy to continue to function,” the Ministry of Agriculture said, adding that Spain is interested in importing Ukrainian agricultural products, in particular corn and sunflower.

“I reaffirmed Spain’s support for the continuation of trade measures to support Ukraine during a video conference with the Minister of Agrarian Policy and Food of Ukraine. Ukrainian farmers have managed to maintain production despite the difficulties,” Puigadez wrote on the social network X after the talks.

For his part, Solsky thanked his Spanish colleague for his understanding and support.

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