Business news from Ukraine

UKRAINE INCREASES OIL IMPORTS IN 2019

Ukraine in 2019 increased import of oil (according to foreign trade activity code 2709) by 3.1% (by 23,796 tonnes) compared to 2018, to 790,628 tonnes.
According to the State Customs Service, last year oil was imported for $405.748 million, which is 6% less than in 2018 ($431.735 million).
Azerbaijan supplied raw materials worth $309.443 million (a share of 76.26%), the United States for $90.999 million (22.43%), Kazakhstan for $2.596 million (0.64%), and other countries for $2.710 million (0.67%).
In 2019, Ukraine exported 103 tonnes of oil worth $53,000. The entire volume was delivered to Latvia in June.

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UKRAINE INCREASES IMPORTS OF COPPER BY 18%

Ukrainian enterprises increased imports of copper and copper products in terms of money by 17.9% in 2019 compared with similar period of 2018, to $124.36 million.
Exports of copper and copper products decreased 42.9% over the year to $79.668 million, according to customs statistics released by the State Fiscal Service of Ukraine.
In December, copper and copper products were imported to the tune of $9.995 million, and copper exports were estimated at $6.831 million.
In addition, in 2019, Ukraine decreased imports of nickel and products made of it by 11.5%, to $83.27 million (imports in December were estimated at $5.429 million), while imports of aluminum and products made of it increased 9%, to $401.814 million ($32.729 million). Imports of lead and products made of it decreased by 4.6%, to $15.484 million ($1.07 million) and imports of tin and products made of it decreased 18%, to $3.928 million ($0.353 million). Imports of zinc and zinc goods decreased 8.5%, to $75.631 million ($6.805 million).
Exports of aluminum and products made of it decreased 23.8% in 2019, to $100.554 million ($7.422 million in December alone), while shipments of lead abroad decreased 20%, to $27.075 million ($1.98 million). Exports of nickel fell by 44.6%, to $4.505 million ($0.272 million in December).
Zinc exports in 2019 amounted to $0.467 million ($0.001 million in December) compared to $0.363 in 2018. Exports of tin and products made of it in 2019 were estimated at $0.045 million ($0.008 million in December) compared to $0.313 million in 2018.

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UKRENERGO RESTRICTS IMPORTS OF ELECTRICITY OVER LOW DEMAND

National Energy Company Ukrenergo with continued low demand on electricity in the unified power transmission system of Ukraine restricts imports of electricity as much as possible, Ukrenergo Head Vsevolod Kovalchuk has said.
“In the unified power transmission system, we have a situation of reduced demand: due to weather and a low level of industrial production. Therefore, we almost completely limit the opportunities for importers by making adjustments to schedules: during night hours is zero imports and for daylight hours a small amount of imports,” he said at a meeting of the national energy regulator on Tuesday.
The head of Ukrenergo also said that, given the current situation, it is difficult to predict the likelihood of return of large volumes of electric energy imports to the unified power transmission system before the end of December.
“Until the end of December, it is very difficult to predict whether there will be significant volumes of imports that we observed in the first half of October,” Kovalchuk said.
According to Interfax-Ukraine, imports from Belarus, after its termination on December 2, resumed in small volumes on December 7. In the last two days it has been 350 MW, excluding the period from midnight to 8 am, when it is zero.
Imports from Russia, which stopped on December 5, are still completely absent.

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UKRAINE INTRODUCES ANTIDUMPING DUTIES ON IMPORTS OF STEEL BARS

The Interdepartmental Commission on International Trade has decided to introduce antidumping duties on imports of bars made of carbon and other alloy steel originated from Belarus and Moldova. According to a report of the commission published in the Uriadovy Kurier government’s newspaper on December 6, the final antidumping measures are introduced for five years.
Zero final antidumping duties are imposed on OJSC Belarusian Metallurgical Plant – the managing company of Belarusian Metallurgical Company holding (OJSC BMZ) and CJSC BMZ-Baltic Trading House (Lithuania), an exporter of carbon and alloy steel bars manufactured by OJSC BMZ.
For other manufacturers and exporters of goods originated from Belarus, a duty of 31.08% is introduced.
For OJSC Moldavian Metallurgical Plant (MMZ, Moldova), the duty is set at 13.80%, for other manufacturers and exporters of goods originating from Moldova – 35.37%.
The final antidumping duty is charged as a percentage of the customs value of the goods.
The decision of the commission comes into force 30 days from the date of its publication.

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UKRAINE IMPORTS GAS FOR $1.8 BLN IN JAN-SEPT

Ukraine imported 9.183 billion cubic meters (bcm) of natural gas for $1.801 billion in January-September 2019, including 1.481 bcm for $264.725 million in September, the State Statistics Service has said. The average price of gas imported by the country in September 2019 was $178.8 per 1,000 cubic meters, up 12.8% from $158.5 in August.
The main suppliers in January-September 2019 were companies from Switzerland with 4.05 bcm for $769.631 million, Germany – 2.827 bcm for $546.666 million, Czech Republic – 478.645 mcm for $91.23 million, Hungary – 462.888 mcm for $88.617 million, Poland – 342.778 mcm for $71.695 million, France – 356.617 mcm for $69.983 million, Austria – 267.171 mcm for $72.437 million, the U.K. – 154,599 mcm for $38.112 million, Luxembourg – 133.663 mcm for $32.256 million, Slovakia – 92.011 mcm for $16.215 million, Italy – 16.893 mcm for $3.487 million and Bulgaria – 1.4 mcm for $0.255 million.
Gas was not imported from Russia for the indicated period.
Ukraine imported 10.39 bcm for $3.12 billion in 2018.

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UKRAINE REDUCES COAL IMPORTS IN JAN-OCT

Ukraine in January-October 2019 reduced import of coal and anthracite (foreign trade code 2701) by 0.6% (by 100,450 tonnes) compared to the same period in 2018, to 17.325 million tonnes. According to the State Fiscal Service, coal was imported for $2.365 billion, which is 3.9% less than in January-October 2018.
At the same time, coal worth $1.382 billion (the share in imports is 58.44%) was received from Russia, while the United States supplied coal for $727.602 million (30.77%), Kazakhstan for $106.989 million (4.52%), and other countries for $148.358 million (6.27%).
In addition, Ukraine for the first ten months of 2019 exported 13,318 tonnes of coal and anthracite worth $527,000, in particular to Moldova for $395,000, to Hungary for $100,000, and Poland for $32,000.

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