Business news from Ukraine

Ukraine reduced banana imports by 11% in January-March

Ukraine in January-March of this year reduced banana imports by 10.9% compared to the same period last year – up to 53.128 thousand tons.

According to customs statistics, in monetary terms imports of these products increased by 49% – to $56.303 million.

At the same time, imports were carried out mainly from Ecuador (60.50% of supplies in monetary terms), Costa Rica (20.29%) and Colombia (9.27%).

In 2022, Ukraine reduced imports of bananas by 40.6% year-on-year to 194,969 thousand tons and citrus fruits by 24.9% to 275,034 thousand tons.

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How to import goods to Ukraine – tips from Experts Club and Exporters Club

The saturated market of Ukraine and its geographical location make our country an attractive market for foreign goods. However, importing goods to Ukraine is a complex process that requires knowledge of legislation, international relations, and customs clearance procedures. These and other issues were discussed by the founder of the Club of Experts Maxim Urakin and the President of the Ukrainian Exporters Club Yevheniia Lytvynova in a new video on the YouTube channel “Club of Experts”.

According to Maksym Urakin, before starting to import goods, it is necessary to conduct a detailed analysis of the market and legislation of Ukraine and the exporting country, as well as calculate all costs associated with delivery, customs clearance and taxes.

“This will help you draw up a clear action plan and avoid unpleasant situations during the import process,” the expert emphasized.

Yevheniia Lytvynova, President of the Ukrainian Exporters Club, also emphasizes the need to research the market and check the reputation of potential suppliers.

“Market research and checking the reputation of potential partners can help you find a reliable supplier,” she said.

According to Yevheniia Lytvynova, successful import of goods requires a thorough analysis of all aspects of the importer’s future business strategy.

“Before you start importing goods, you need to conduct a detailed analysis of the market, legal requirements and your capabilities, as well as calculate all the costs associated with delivery, customs clearance and taxes. This will help you draw up a clear plan of action and avoid unpleasant situations during the import process,” emphasized Lytvynova.

Regarding the documents to be prepared for importing goods, Lytvynova noted that the contract between the importer and exporter, invoice, transportation document (e.g., waybill or bill of lading), quality certificate and certificate of origin should be put in the forefront.

“In addition to these basic documents, additional documents may be required depending on the characteristics of the goods and the requirements of Ukrainian legislation. In particular, licenses, certificates of conformity, permits and other documents confirming compliance with safety, hygiene, environmental requirements, etc. may be required,” she explained.

Maksym Urakin also emphasized that studying local legislation and choosing a reliable supplier are also very important steps in the import process. According to the experts, in order to successfully sell goods in Ukraine, it is also necessary to take into account the difficulties that may arise after their delivery.

“Even if the goods are of high quality and interesting, they still need to be sold. But here in Ukraine, even after obtaining certificates and relevant permits, sales can be restricted due to various customs barriers, which leads to breach of contract. Therefore, we advise our companies to conduct a detailed analysis of the market and legal requirements. This will allow them to prepare the right documentation and comply with all requirements,” said Yevgeniya Lytvynova.

To increase export sales, experts recommend improving product quality and providing buyers with more information about their goods.

“Nowadays, many buyers check the quality of goods and their compliance with standards. If your products don’t meet the requirements, they simply won’t buy them,” emphasized Maksym Urakin.

In this regard, experts advise to focus on developing the quality of goods and their competitiveness. In addition, according to Maxim Urakin, it is important to participate in international exhibitions and forums where you can find new partners and establish contacts with potential suppliers.

Thus, according to the experts, it is very important to comply with all the requirements and norms set by law when importing goods, conduct a detailed market analysis and check the reputation of suppliers. It is also important to ensure the quality of goods and timely delivery, while considering all possible risks and costs. Importing goods can be a very profitable business if you organize it properly. Experienced experts advise to study the market and determine your capabilities to avoid unpleasant situations and ensure successful business development.

Watch the full video here:

Subscribe to the Experts Club channel here:

https://www.youtube.com/@ExpertsClub

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Energy imports to Ukraine in 2021-2022

Energy imports to Ukraine in 2021-2022

Source: Open4Business.com.ua and experts.news

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Hungary on April 19 expanded list of banned for imports of Ukrainian agricultural products to 25

The Hungarian Agriculture Ministry on 19 April expanded the list of Ukrainian agricultural products banned for import to 25.
According to Hungarian Agriculture Minister Istvan Nagy, quoted by the Hirado.hu daily, the measures were introduced for an interim period and will allow for meaningful and long-term EU measures, a review of the full duty-free nature of Ukrainian goods and the work of solidarity corridors.
Nagy explained that the ban applies to cereals, rapeseed and sunflower seeds, flour, vegetable oil, honey and some types of meat, and is valid until June 30, 2023.
At the same time Hungary does not prohibit the transit of these products through its territory.
Transit traffic is still allowed in Hungary, but the competent authorities will seal the shipments at the border and then monitor them with electronic devices and patrols. Transit procedures for affected products will be checked throughout the country.
The minister added that carriers who violate the rules could be fined. The fine can reach the full value of the cargo.
As a reminder, Bulgaria imposed a temporary ban on food imports from Ukraine, with the exception of transit goods.
In recent days, Poland, Hungary and Slovakia banned import of Ukrainian agricultural products, in Romania there are calls for this due to the harm to local farmers due to lower prices of Ukrainian products.
Poland on the night of April 20 to 21 resumes transit of Ukrainian agricultural products under new rules.

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Bulgaria imposes embargo on imports of agricultural products from Ukraine

Bulgaria has imposed a temporary ban on imports of agricultural products from Ukraine, except for goods that are in transit, Acting Prime Minister Galab Donev said.
“The main reason is that last year, contrary to the idea of the so-called “solidarity corridors,” significant amounts of food remained in the country and the main production and trade chains were disrupted. If this trend persists and even intensifies, which is quite possible after the introduction of similar bans from other countries, it could have very serious consequences for Bulgarian businesses,” bnr.bg quoted Donev as saying at Wednesday’s government meeting.
According to the acting prime minister, the government is forced to take this measure because “responsible European authorities are still considering an adequate response to the changed circumstances to which the solidarity corridors have led.”
Donev expressed hope that Brussels would hear the positions of EU member states – Bulgaria, Poland, Hungary and Slovakia – and reconsider its own. “Bulgaria remains in solidarity with Ukraine, but the bankruptcy of Bulgarian agricultural producers will not help this cause,” the prime minister stressed.
At Wednesday’s meeting, the Bulgarian government will decide on the duration of the temporary ban on imports of agricultural products from Ukraine.
Poland on April 15, after the congress of farmers, made a unilateral decision to temporarily halt imports of any agricultural products from Ukraine until June 30, 2023, despite the fact that on July 7, a bilateral agreement was reached with Ukraine to temporarily suspend exports of only four crops – wheat, corn, canola and sunflower, while transit was kept, but with tightened conditions, which the parties planned to agree upon quickly.
Similar decisions were then taken by Hungary and Slovakia.
On the night of April 20, Poland resumes the transit of Ukrainian agricultural products, but will apply a number of control mechanisms.

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Ukraine reduced imports of aluminum ores and concentrate by 99.98%

Ukraine in January-March this year, Ukraine reduced imports of aluminum ores and concentrate (bauxite) in physical terms by 99.98% compared to the same period last year – up to 202 tons.

According to statistics released by the State Customs Service (SCS), during this period, imports of bauxite in monetary terms decreased by 99.6% – to $164 thousand.

At the same time, imports were mainly from Guinea (100% of supplies in money terms).

Ukraine did not re-export bauxite in 1Q2023, like in 1Q2022.

As reported, Ukraine in 2022 decreased the import of aluminum ore and concentrate (bauxite) in volume terms by 81.5% compared to the previous year – up to 945.396 tons. Bauxite imports in monetary terms decreased by 79.6% to $48.166 million. Imports were mainly from Guinea (58.90% of supplies in monetary terms), Brazil (27.19%) and Ghana (7.48%).

Bauxite is an aluminum ore used as a raw material for the production of alumina, and from it, aluminum. They are also used as fluxes in steel industry.

Bauxite is imported into Ukraine by the Nikolaev Alumina Refinery (NGR), which before the war was affiliated with the United Company (UC) Russian Aluminum (RusAl, RF). Bauxite is used to produce alumina.

“RusAl in Ukraine also previously owned a stake in the Zaporozhye Aluminum Plant (ZALK), which stopped producing primary aluminum and alumina.

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