Business news from Ukraine

Ukrainian government allows import of raw sugar without approval of State Reserve

The government of Ukraine has abolished the need to obtain the approval of the State Reserve when issuing licenses by the Ministry of Economy to import raw cane sugar to Ukraine within the tariff quota.
The corresponding decision within the framework of the economy deregulation was taken by the government on Tuesday, as quoted by the Vice Prime Minister and Head of the Ministry of Economy Mykhailo Fedorov.
The issue of optimization of this agreement was previously considered by the interdepartmental working group on the accelerated revision of instruments of state regulation of economic activity, which was chaired by him and First Deputy Prime Minister – Minister of Economy Yulia Sviridenko.
As it was reported, the Interdepartmental Working Group on Accelerated Revision of the Instruments of State Regulation of Economic Activity was created by the government on January 13, 2023 with the purpose of simplifying the regulatory environment for business.

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Ukraine reduced imports of nickel and nickel products by 96% in January 2023

Ukrainian enterprises in January this year, reduced the import of nickel and its products by 96.2% compared with January 2022 – to $312 thousand, aluminum and its products – by 33.6%, to $26.529 million, while the import of lead and lead products reduced by 95.4% – to $32 thousand, tin and tin products by 20.4%, to $172 thousand, and zinc and zinc products – by 67%, to $2.238 million.
Ukraine has reduced imports of nickel and its products by 49.9% in 2023 compared to 2022 – up to $59.754 million ($0.668 million in December), aluminum and aluminum products – by 33.4%, to $340.398 million ($29.457 million). At the same time, imports of lead and lead products decreased by 66.6% to $2.839 million ($12 thousand).

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Import changes in % to previous period in 2021-2022

Import changes in % to previous period in 2021-2022

Source: Open4Business.com.ua and experts.news

Import of goods in jan-oct 2022 in most important positions and in relation to same period in 2021

Import of goods in jan-oct 2022 in most important positions and in relation to same period in 2021

Source: Open4Business.com.ua and experts.news

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Ukraine did not export coke in January and reduced imports by 94%

Ukraine did not export coke in January this year, as it did in December last year, whereas in January 2022 it exported 1.012 thousand tons.
According to statistics released by the State Customs Service (SCS), last month Ukraine imported 5.289 thousand tons of coke and semi-coke, which is 93.9% less than in January 2022.
In monetary terms, imports fell by 95% to $2.388 million.
Imports came mainly from Poland (64.26% of supplies in monetary terms), Colombia (24.01%) and Hungary (11.73%).
As earlier reported, in 2022, Ukraine reduced the export of coke and semi-coke in volume terms by 98% compared with the previous year – up to 3.856 tons, in monetary terms by 97.6% – to $1.011 million. The main export was carried out in Hungary (42.63% of supplies in monetary terms), Georgia (37.69%) and Turkey (17.41%).
Ukraine imported 359.192 thousand tons of coke and semi-coke in 2022, down 54.5% compared to 2021. In monetary terms, imports decreased by 50.3% to $174.499 million. Imports were mainly from Russia (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 found themselves in territories temporarily outside Ukrainian control.

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Ukraine in January reduced coal imports by almost 50 times

Ukraine in January 2023 decreased imports of coal and anthracite (HS code 2701) in 48.1 times (by 1 million 805.902 thousand tons) compared to the same period in 2022 – up to 38.318 thousand tons.

According to the State Customs Service, the coal was imported for $13.605 million, which is 31.3 times less than in January 2022 ($426.314 million).

Coal from Australia came to $7.92 million (58.21%), Poland – $5.627 million (41.36%), South Africa – $0.058 million (0.43%).

Ukraine’s exports of coal in January 2023 amounted to 51,453 thousand tons worth $15.151 million, including to Slovakia – $10.09 million, Poland – $2.041 million, Austria – $1.994 million and other countries – $1.026 million.

As reported, Ukraine in 2022, reduced imports of coal and anthracite in 4.2 times (14 million 932.904 thousand tons) compared to 2021 – up to 4 million 630.144 thousand tons.

Coal was imported for $1 billion 179.113 million, which is 2.1 times less than in 2021 ($2 billion 488.698 million). The Russian Federation received $431.082 million worth of coal (pre-war supplies, a 36.56% share of imports), the United States $309.178 million (26.22%), Australia $199.491 million (16.92%), and other countries $239.363 million (20.3%).