Business news from Ukraine

UKRAINE INCREASES IMPORTS OF PETROLEUM PRODUCTS BY 13%

10 July , 2019  

Ukraine in January-June 2019 imported 3.869 million tonnes of petroleum products (HS code 2710 – petrol, diesel, fuel oil, jet fuel, etc.), which is 13.2% more than in the same period of 2018.
According to the State Fiscal Service, oil products were imported for $2.454 billion, which is 10.4% more than in January-June 2018 ($2.224 billion).
Fuel imports from the Russian Federation amounted to $1.053 billion (a 42.92% share), Belarus to $883.04 million (35.98%), Lithuania to $265.12 million (10.8%), other countries to $252.743 million (10.3%).
In addition, in January-June 2019, Ukraine exported 319,490 tonnes (42.2% up from January-June 2018) of oil products for a total of $148.11 million (a rise of 23.4%). The cost of fuel supplied to counterparties from Greece was $46.65 million, Latvia $19.309 million, Hungary some $13.904 million, other countries some $68.246 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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