Business news from Ukraine

UKRAINE INCREASES IMPORTS OF PETROLEUM PRODUCTS BY 19%

Ukraine in January-May 2019 imported 3.239 million tonnes of petroleum products (HS code 2710 – petrol, diesel, fuel oil, jet fuel, etc.), which is 19% more than in the same period of 2018.
According to the State Fiscal Service, oil products were imported for $2.039 billion, which is 17.3% more than in January-May 2018 ($1.739 billion).
Fuel imports from the Russian Federation amounted to $842.143 million (a 41.3% share), Belarus to $775.058 million (38.01%), Lithuania to $223.217 million (10.95%), other countries to $198.688 million (9.74%).
In addition, in January-May 2019, Ukraine exported 295,850 tonnes (45.1% up from January-May 2018) of oil products for a total of $132.966 million (a rise of 27.9%). The cost of fuel supplied to counterparties from Greece was $45.016 million, Latvia $15.785 million, Malta some $13.739 million, other countries some $58.426 million.
As reported, Ukraine in 2011 imported oil products for $6.954 billion and exported – for $3.339 billion, in 2012 – for $7.607 billion and $1.389 billion, in 2013 – for $6.418 billion and $810.772 million, in 2014 – for $6.698 billion and $510.596 million, in 2015 – for $3.857 billion and $116.385 million, in 2016 – for $3.267 billion and $86.585 million, in 2017 – for $4.159 billion and $180.851 million, and in 2018 – for $5.541 billion and $249.616 million.

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UKRAINIAN ENTERPRISES INCREASE IMPORTS OF COPPER BY 22%

Ukrainian enterprises increased imports of copper and copper products in terms of money by 22.2% in January-May 2019 compared with January-May 2018, to $43.232 million. Exports of copper and copper products decreased 47.5% over the year to $39.288 million, according to customs statistics released by the State Fiscal Service of Ukraine.
In May, copper and copper products were imported to the tune of $7.22 million, and copper exports were estimated at $10.171 million.
In addition, Ukraine in January-May 2019 increased imports of nickel and products made of it by 0.4%, to $39.061 million (imports in May were estimated at $8.952 million), while imports of aluminum and products made of it increased 10.8%, to $159.035 million ($36.524 million). Imports of, lead and products made of it rose by 23.8%, to $5.289 million ($1.039 million) and imports of tin and products made of it decreased 33.5%, to $1.42 ($0.403 million). Imports of zinc and zinc goods decreased 30.5%, to $26.458 million ($6.775 million).
Exports of aluminum and products made of it decreased 29% in January-May 2019, to $41.995 million ($10.135 million in May alone), while shipments of lead abroad decreased 32%, to $10.949 million ($3.112 million). Exports of nickel fell by 20.1%, to $2.519 million ($0.847 million in May).
Zinc exports in January-May 2019 amounted to $0.332 million (some $0.101 million in May) compared to $0.061 million in January-May 2018.
Exports of tin and products made of it in January-May 2019 were estimated at $0.027 million (some $0.004 million in May) compared to $0.268 million in January-May 2018.

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DTEK REDUCES COAL IMPORTS BY 24% IN Q1

DTEK Group in January-March 2019 reduced coal imports by 24.1% (224,700 tonnes) compared to the same period last year, to 707,700 tonnes, according to a press release from the company.
In the first quarter, DTEK enterprises increased production of coal by 1.3% compared to the same period of 2018, to 6.476 million tonnes.
In particular, the production of G and DG grade coal (Ukraine) in January-March 2019 increased by 0.4%, to 5.782 million tonnes. Production of A grade coal by Obukhovskaya mine (the Russian Federation) for this period increased by 9.9%, to 694,600 tonnes.
Concentrate output rose by 1.4%, to 2.843 million tonnes. In particular, output at third-party processing plants in Ukraine decreased by 74.7%, to 58,000 tonnes, while at Obukhovskaya mine rose by 33.2%, to 472,900 tonnes.

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UKRAINE IMPORTS GAS FOR $400 MLN IN THREE MONTHS

Ukraine in January-March 2019 imported 1.555 billion cubic meters of natural gas for a total of $399.313 million, in particular in March 831.367 million cubic meters for $196.101 million, according to the State Statistics Service.
Thus, the average price of gas imported by the country in March 2019 was $235.9 per 1,000 cubic meters, which is 13.7% less than in February 2019 ($273.3).
The country’s contractors in the first quarter of 2019 were companies from Switzerland with 524.087 million cubic meters of gas for $131.787 million, Germany with 332.802 million cubic meters for $87.137 million, Poland with 235.554 million cubic meters for $51.566 million, Austria with 189.426 million cubic meters worth $57.046 million, France with 71.759 million cubic meters for $17.953 million, the UK with 63.022 million cubic meters for $18.525 million, Hungary with 53.457 million cubic meters worth $11.736 million, Luxembourg with 44.049 million cubic meters for $13.262 million, the Czech Republic with 39.475 million cubic meters for $9.822 million, Slovakia with 1.792 million cubic meters for $479,000, and Bulgaria with 400,000 cubic meters for $1,000.
Gas was not imported from Russia in the period.

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UKRAINE BANS IMPORTS OF RUSSIAN CEMENT, PLYWOOD

The Ukrainian government has broadened its list of banned Russian commodities to include Portland, alumina, blast furnace, sulfate resistant, and similar types of neat cement, both dyed and non-dyed, ready-to-use or clinker, as well as plywood, veneered boards, and similar plywood materials.
The decision was made at a government meeting on Wednesday.
“It is prohibited to import into Ukraine such groups of Russian commodities as industrial goods, mineral fertilizers, agricultural products, and transportation vehicles, including cement and plywood,” the Ukrainian First Deputy Prime Minister and Economic Development and Trade Minister, Stepan Kubiv, said presenting the resolution.
According to the Ministry of Economic Development and Trade, Ukraine imported almost $17 million worth of cement products from Russia in 2018, while plywood imports amounted to $19.7 million over that period.

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IMPORTS OF TRACTORS TO UKRAINE INCREASES FIVEFOLD TO 113,200 UNITS IN 2018

Imports of tractors to Ukraine last year increased almost fivefold compared to 2017, to 113,200 units, of which 2,200 are used machinery, the Ukrainian Agribusiness Club (UAC) has said.
According to the association, in monetary terms, tractors were imported for $431 million, which is 12.6% less than in 2017.
“In quantitative terms, the total import of tractors grew in 2015-2016 and in 2018, while in 2017 there was a significant subsidence. Most of this equipment was imported last year,” the association noted.
According to the UAC, if in quantitative terms imports of tractors were growing from year to year, then in value terms it reached its peak value in 2017, and in 2018 the figure was falling.
“With regard to used tractors, in general, in the four years under consideration, their share in the total number of imported machinery was about 4%. This is significantly less compared to harvesters, where this segment occupied half of all deliveries from abroad,” the association noted.

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