Latvia will help Ukraine with economic and logistics development. Investment in the development of Ukraine’s economy will contribute to strengthening the country at the front, Latvian Minister of Economy Viktors Valainis emphasized. “We can help not only... #infrastructureUkraine #Latvia #UkraineDevelopment #UkraineEconomy #UkraineExport #Ukrainianlogistics #ViktorsValainis
Ukraine is increasing its exports of delicacies to Europe: Which countries buy the most? Despite the war and difficulties with transportation, Ukrainian snails are in demand in the European market. The snail business in Ukraine is not new; exports are increasing yearly, and farms are star... #DelicaciesExport #Shellfish #Snails #UkraineExport #VerbaraVLyk2020
Economic experts have identified dangerous economic trends in Ukraine. In the last four months, Ukraine exported goods worth $13.5B, the same as last year. Ukraine rapidly increased the physical volume of exports from 36 to 49 million tons against significantly lower wor... #UkraineEconomicForecast #UkraineEconomy #UkraineExport #UkraineForeignTrade #UkraineImports #Ukrainetradedeficit
Real GDP growth slowed in Ukraine due to Russian attacks on the energy system. The growth rate of real GDP in Ukraine has slowed down somewhat. The key problem is reduced access to a constant electricity supply and sufficient amounts of electricity. According to the IER, GDP in ... #ElectricityDeficitUkraine #energyukraine #GDPinUkraine #GVAukraine #UkraineEconomy #UkraineExport
Ukraine buys equipment, chemicals, and fuel from China and Poland and sells food and metals to them. In the four months of 2024, Ukraine’s trade turnover reached $35.3B (import – $21.9B, export – $13.4B). Taxed imports amounted to $19B (87% of the total volume of imported goods). Ukraine ... #UkraineExport #UkraineForeignTrade #UkraineImport #UkraineTradeTurnover
The EU has finally prolonged duty-free trade with Ukraine, but with safeguards. The EU Council approved the extension of preferential trade with Ukraine for another year until June 5, 2025. In contrast to similar decisions in previous years, this year the EU decided to continue d... #agroexportukraine #DutyFreeTrade #EUmarket #FreeTradeAgreement #UkraineEUtrade #UkraineExport
Last year, Ukraine’s export of agricultural products to the EU decreased by 27.5%. According to Eurostat data, the total value of Ukrainian agricultural goods imported by the EU in 2023 decreased compared to 2022 by 27.5%, or by €3.6B, to €9.5B. As a result, Ukraine’s share among EU... #agroexportukraine #EUEconomy #Eurostat #foreignTrade #UkraineExport
Ukraine has already exported 45 million tons of goods by sea, and revenue from the export of metal products has increased by 16.5%, reaching $1B. About 1,600 ships exported 45 million tons of cargo from the ports of Odesa during the almost nine months of the Ukrainian Sea Corridor’s operation. In particular, 38 countries received more than 30 m... #agroexportukraine #BlackSeaPort #OdesaSeaport #UkraineExport #UkraineMaritimeCorridor #UkrainianMetalExport #Ukrainianmetallurgy
How has trade between Ukraine and Germany developed since the beginning of the Russian aggression? In 2023, Germany became the third ($4.9B) largest exporter of goods to Ukraine and the fifth ($2B) largest importer of Ukrainian goods. Last year, exports to Germany recovered compared to 2022’s level... #Germany #UkraineExport #UkraineForeignTrade #UkraineImport #UkraineTrade
Ukrainian imports and exports: Here are the main trends for the year. From April 1 to 25, the volume of exported goods was 10.5% higher, and the import of goods was 25.2% higher, than in the same period last year, according to the Ministry of Economy. Ukraine increased ... #UkraineEconomy #UkraineExport #UkraineImport #UkraineTrade #Ukrainiangrain #Ukrainianmetallurgy
Ukrainian exports increase to a record level of more than 13 million tons monthly. Economy Minister Yuliya Svyrydenko noted that last month’s exports amounted to more than 13 million tons, surpassing the indicators from February 2022 and reaching $3.3B. April exports are the l... #PathsOfSolidarity #UkraineEconomy #UkraineExport #UkraineMaritimeCorridor #UNITYinsurance #YuliyaSvyridenko
Exporters have adapted better to war conditions than businesses operating in Ukraine’s domestic market. Businesses engaged in exports have demonstrated better adaptability to the current situation in Ukraine compared to businesses that do not have sales abroad, although there are certain differences amo... #BusinessExpectation #UkraineBusinessActivity #UkraineExport #UkrainianEnterprises
Falling prices had an even greater impact on the reduction of Ukrainian exports than the border blockade. The reduction of Ukrainian exports occurred not only due to the negative impact from the Polish border blockade. According to experts, the main blow to the growth of Ukrainian exports is the reduction... #agroexportukraine #BorderBlockade #UkraineExport #UkraineMaritimeCorridor #UkraineTrade #Ukrainetradedeficit
Due to EU restrictions, Ukraine will lose more than €300M, and the supply of sugar, poultry, and eggs to the EU market will stop. Ukraine’s losses due to the EU’s introduction of a new protective mechanism against its agricultural products, which will become effective June 6, will approximately amount to €315M. The introdu... #agroexportukraine #agroUkraine #TradeRestriction #UkraineEconomy #UkraineExport
Ukraine increased its export of metal and iron ore raw materials. Head of the Committee on Finance Danylo Hetmantsev pointed out that, in the results from the first quarter of 2024, mining and metallurgical complex products account for almost 20% of all commodity ex... #agroexportukraine #DanyloHetmantsev #grainexport #IronOreExport #UkraineExport #UkrainianMetalExport
Ukraine’s trade turnover in the first quarter amounted to $26B. According to data from the State Customs Service, during the first three months of 2024, Ukraine imported goods worth $16B and exported $10B. At the same time, taxed imports amounted to $13.8B, which ... #UkraineExport #UkraineForeignTrade #UkraineImport #UkraineTradeTurnover
Ukraine has already exported more than 36 million tons of goods through the sea corridor and launched container transportation. More than 36 million tons of cargo have been exported through the Ukrainian sea corridor since August 2023. This is higher than the indicators from the Grain Initiative for the year of its existence. ... #ChornomorskSeaPort #ContainerShippingUkraine #PivdennyiSeaPort #UkraineExport #UkraineMaritimeCorridor
Ukraine lost up to $400M in imports due to the border blockade in February; exports are close to pre-war levels. According to the NBU, in February there was no increase in the import of goods, which is typical for this month, due to the resumption of the blockade of the western borders. Thus, import losses amoun... #BorderBlockade #nbu #UkraineEconomy #UkraineExport #UkraineForeignTrade #UkraineImport
In addition to grain, Poland is also against the import of cement from Ukraine. The Association of Polish Cement Producers complained about the sharp increase in Ukrainian imports. Zbigniew Pilch, head of the association, said supplies from Ukraine increased 350% to 330,000 tonne... #CementIndustryUkraine #CementProduction #UkraineCement #UkraineExport #ZbigniewPilch
Ukraine has agreed on favorable insurance terms for container transportation by sea. According to Yuriy Vaskov, the Deputy Minister of Infrastructure, Ukraine has increased its indicators for goods turnover through seaports to about 75% of the pre-war level through the use of the Blac... #ContainerShippingUkraine #UkraineExport #UkraineMaritimeCorridor #UkrainianShipInsurance #YuriyVaskov.
Ukraine increased its exports of agricultural products to the EU and Asia. In January-June 2023, the Institute of Agrarian Economics reports that the export of Ukrainian agricultural goods increased by 16% from $10.22B to $11.85B. According to experts, the main sales markets... #agroexportukraine #UkraineExport #Ukrainiangoods
The NATO-Ukraine Council addresses the serious security situation in the Black Sea. During their meeting, NATO members and Ukraine all strongly condemned Russia’s decision to withdraw from the grain agreement, as well as the latest Russian missile strikes on Odesa, Mykolaiv, an... #blacksea #GrainExportUkraine #UkraineExport #UkraineNATOCouncil #Ukrainiangrain
Ukraine’s trade volume after the seaports are operating freely can reach $20B per year. According to Metinvest head of project office Oleksandr Vodoviz, there is no alternative to the complete unblocking of Ukraine’s ports for all cargoes, as shipments by road and rail transport th... #GrainAgreement #OleksandrVodoviz #UkraineExport #UkraineForeignTrade
The Mykolaiv Nika-Tera Seaport has suffered UAH 1B in losses during the war. Russian troops have attacked the port more than 10 times, Group DF reported. The amount of damages is a preliminary estimate and may be much higher. One of the most significant strikes by the Russians... #MykolaivSeaPort #NikaTera #UkraineExport #WarinUkraine #WarLosses
Ukraine is building 12 terminals on the Danube to increase port capacity. However, the Ukrainian Danube’s development depends on Romania’s position regarding dredging works, said Serhiy Vovk, director of the Center for Transport Strategies. In addition, accordin... #agroexportukraine #DanubePorts #DanubeShipping #SerhiyVovk #UkraineExport
The export of agricultural products from Ukraine decreased by 18% over last week. During the 47th week of the grain corridor, from June 19 to 25, 2023, 358,300 tons of agricultural products were exported through the Odesa region’s seaports, which is 18% less than in the previous we... #agroexportukraine #GrainAgreement #OdesaSeaport #UkraineExport
Ukraine and the EU will share the same system for classifying goods. The Ukraine Cabinet of Ministers adopted a resolution that will contribute to unifying approaches to the classification of goods with those used in the EU, reported the Ministry of Finance. The govern... #ClassifyingGoodsUkraine #GoodsClassification #UkraineExport #UkraineForeignTrade
The G7 will help Ukraine to reconstruct its transport infrastructure and develop alternative export routes. During a summit of transport ministers from G7 countries in Japan, the ministers agreed to intensify international efforts to develop the EU’s Paths of Solidarity program. The program is designe... #GrainAgreement #infrastructureUkraine #OleksandrKubrakov #UkraineExport #Ukrainianlogistics
The deficit of foreign trade of goods increased by 3,800%. According to the State Statistics Service of Ukraine, Ukraine’s negative balance in the foreign trade of goods for the first four months of the year increased by 3,800%, compared to the same pe... #UkraineExport #UkraineForeignTrade #UkraineImport
Ukraine plans to expand the export potential at its western borders. Government officials held a meeting to modernize existing checkpoints and construct new ones on the Ukraine’s western border. According to estimates from the Recovery Agency, the cargo flow can be tri... #Cargotransportation #CheckpointForTrucks #InfrastructureDevelopment #UkraineExport
The Ukrainian Danube ports set a historical record for cargo handling. In May, they processed more than three million tons of cargo, the Administration of Sea Ports of Ukraine (USPA) reported. As noted by Yuriy Lytvyn, head of USPA, world-renowned companies are already i... #DanubeExportPotential #DanubePorts #UkraineExport #UkraineSeaPorts #YuriyLytvyn
The volume of Ukrainian agricultural exports in May hit a 9-month low. In May, the total export of agricultural products from Ukraine decreased by 3% compared to April, to 5.1 million tons, according to the agricultural association. It is noted that the grain corridor ha... #agroexportukraine #GrainAgreement #GrainCorridors #UkraineExport
Ukraine insists on lifting restrictions on agricultural exports to the EU. At a meeting of the EU Council in Brussels, the Minister of Agricultural Policy of Ukraine, Mykola Solskyi, said that Ukraine and the EU should find a solution through joint consultations. According t... #agroexportukraine #GrainCrisis #MykolaSolsky #UkraineExport
Ukraine will help Moldova modernize its railway to have additional routes to the port of Reni. The route is about 400 km long, extending from the north to the south of the country. On May 31, Ukrainian Railways (UZ) and Moldova Railways signed a memorandum in Vinnytsia. It is planned to restore... #exportbyrail #MoldovaRailway #UkraineExport #UkraineRailwaysModernization #UkrainianRailways
Trucks with Ukrainian exports are stuck in queues at the Polish border. The European Business Association appealed to the Council of Europe and Ukrainian and Polish state structures with a call to resolve the problem of long queues of trucks at the borders. According to t... #CheckpointForTrucks #UkraineExport #UkrainePolandCheckpoints #YagodinCheckpoint
The EU has extended duty-free trade with Ukraine for one year. The EU Council adopted a regulation that extends the suspension of all customs duties, quotas, and trade protection measures on Ukrainian exports to the EU for one more year, until June 2024. It is no... #DutyFreeTrade #UkraineEUtrade #UkraineExport #UkraineForeignTrade
Moldova will repair two sections of railway to increase transit from Ukraine to the EU. According to the EBRD, the total cost of the project will be €71M, of which €28M is a contribution from the Moldovan state company, Zaliznytsia Moldova, €23M is an EBRD loan, and another €20M is an EU... #MoldovaRailway #UkraineExport #UkrainianExportByRail #UkrainianRailways
In the first four months of the year, Ukraine’s trade turnover approached $34B. Most of Ukraine’s exports went to Poland and China, the State Customs Service reported. In particular, in January-April goods worth $20.3B were imported to Ukraine, and $13.3B were exported. The... #UkraineExport #UkraineForeignTrade #UkraineImport
Export prices for Ukrainian goods will decrease due to the global increase in inventories. According to NBU estimates, supplies will reach their pre-pandemic level in 2025, that is, at the end of the planning horizon. By the third quarter of 2025, the National Bank predicts a steady decline... #grainexport #nbu #UkraineExport #UkrainianMetalExport
After the release of Zmiinyi Island, the Danube ports have provided Ukraine with an additional $1.5B in income. According to Deputy Prime Minister for Reconstruction Oleksandr Kubrakov, after the liberation of Zmiinyi Island and the opening of the Bystre mouth it became possible to increase the throughput capac... #DanubeExportPotential #DanubePorts #OleksandrKubrakov #UkraineExport
The European Parliament has extended duty-free status for Ukrainian goods. The Committee of the European Parliament on International Trade has extended the cancellation of import duties on Ukrainian exports to the EU for another year. All European Parliament members are expe... #DutyFreeWithEU #UkraineExport #UkrainianGoodsDuty
Ukraine increases its foreign trade. According to customs statistics, Ukraine’s foreign trade amounted to $25.8B in the first quarter of 2023, which is only 7% less than in the same period of 2022. In January, the decrease in turno... #UkraineExport #UkraineForeignTrade #UkraineImport
In March Ukraine set a record for the export of agricultural products since the beginning of the war. Ukraine shipped 7.8 million tons of farm products last month, which is 12% more than in February. This is the largest figure since the beginning of the war, said the Ukrainian Agrarian Business Club. ... #agroexportukraine #UkraineExport #Ukrainiangrain
The sea port blockade limited the export of Ukriane’s most valuable goods. The NYT emphasized that the blocked exports of steel, grain, fertilizer, and other goods created food shortages, raised prices, and contributed to global insecurity. The newspaper noted that the UN-br... #UkraineExport #UkraineSeaPorts #UkraineSteelExport
Ukraine and Poland will build a new border checkpoint. A new border crossing will finally appear at Adamchuky – Zberezhe, on the border in the Volyn region, the State Border Service said. Constructing a crossing point for cars and pedestrians should relie... #CheckPoints #UkraineExport #UkrainePolandCheckpoints
Ukrainian business says that unblocking the ports will provide Ukraine 10% to GDP and $18B in revenue. According to the Ukraine Federation of Employers, this would allow the restoration of more than 500,000 jobs and provide UAH 135B in annual tax revenue. In addition, the restoration of the ports’... #SeaPortsUnblockage #UkraineExport #UkraineSeaPorts
Agriculture and the metal industry remained the export leaders in 2022. According to the last year’s results, Metinvest, ArcelorMittal, and Ferrexpo became the leaders among the largest exporters of the metal industry during the war year. As Forbes reported, despite... #KernelUkraine #Metinvest #UkraineExport
Ukraine’s trade turnover for the first two months of the year decreased by 30%. According to customs data, in January-February trade turnover was $16.6B, where imports of goods amounted to $10.1B and exports $6.5B, which is 30% lower than last year. Taxed imports amounted to $8.1... #UkraineExport #UkraineForeignTrade #UkraineImport
Italy will create a logistics corridor for Ukrainian exports. The plan for a new logistics corridor will be presented at a conference on Ukraine’s reconstruction this April in Rome. The project will create input and output terminals for the Ukrainian economy in ... #IntermodalTransportation #UkraineExport #Ukrainianlogistics
Businesses call on the UN and Turkey to unblock the grain initiative. The EBA, the ACC in Ukraine, and the Ukrainian Club of Agrarian Business have prepared a joint appeal. The parties have called on the UN and Turkey to unblock the Black Sea Grain Initiative and ensure... #GlobalFoodSecurity #GrainAgreement #UkraineExport
