What goods dominated Ukraine’s exports at the beginning of the year? During the first five months of the year, the main volume of commodity exports was occupied by products of plant origin – 34.5%. Inexpensive metals (ferrous and non-ferrous) lost significant volume du... #agroexportukraine #UkraineExport #UkrainegoodsExport #UkrainianMetalExport
Ukraine is increasing its export of value-added products more than the supply of raw materials abroad. According to Deputy Minister of Economy Taras Kachka, a certain shift in emphasis occurred even before the war. After the invasion by the Russian Federation, many businesses completely updated their a... #ProcessingPlantUkraine #TarasKachka #UkraineEconomy #UkraineExport #ValueAddedProduct
In the seven full months of this year, cargo transshipment in Ukrainian ports almost reached 2023’s total amount. Ukrainian seaports processed 59.9 million tons of cargo in January-July, almost equaling the total figure for last year (approximately 62 million tons). During this time, the ports increased cargo tur... #ChornomorskSeaPort #OdesaSeaport #PivdennyiSeaPort #UkraineExport #UkraineMaritimeCorridor #UkraineSeaPorts
In July, Ukraine exported products worth almost $3B; the largest amount was shipped to the EU. In July, Ukraine sold $2.97B worth of products abroad, 9% more than in June. In metallurgy, records were set in the form of 219,000 tons of semi-finished iron products, which is 83% more than in June ... #agroexportukraine #TarasKachka #UkraineEconomy #UkraineExport #UkrainianMetalExport
China plans to increase imports of Ukrainian agricultural products; Bosnia and Herzegovina will buy Ukrainian poultry. Soon, Kyiv and Beijing may agree to increase the volume of Ukrainian agricultural product imports to China, according to Zhenmin Wang Yiwei, a professor of international relations at the Peking People... #agroexportukraine #BosniaHerzegovina #China #UkraineExport #UkraineExportsPoultry #UkraineTrade
Agricultural exports brought 64% of Ukraine’s export earnings to Ukraine: Who bought the most Ukrainian goods? According to the results of 2024’s first six months, Ukraine’s export of agricultural food products accounted for 64% of total exports ($12.45B). In January-June, EU countries purchased mo... #agroexportukraine #FoodProducts #Spain #UkraineExport #UkraineForeignTrade
Since the beginning of the year, Ukraine has increased its export of agricultural products by 5%. According to the Ukrainian Agricultural Export Association, in the first half of the year exports of agricultural products from Ukraine amounted to about $12.4B, 5% more than in the corresponding peri... #agroexportukraine #FruitsExport #MeatExport #UkrainedairyExport #UkraineExport #VegetableExport
ECA supported Ukrainian exports by ₴4.6B in half a year, the indicator increased by 150%. In the first half of the year, the Export Credit Agency of Ukraine increased the volume of export support by almost 150% compared to the corresponding period last year – up to ₴4.6B. It is noted... #ECA #InsuranceUkraine #MadeinUA #SupportUkraine #UkraineExport
In Ukraine’s foreign trade, imports still significantly prevail over exports. According to the State Statistics Service, Ukraine imported goods worth $27.55B in January- May, which is 8.3% more than last year’s corresponding period. At the same time, exports increased by ... #agroexportukraine #FerrousMetals #UkraineExport #UkraineForeignTrade #UkraineImport #Ukrainetradedeficit
The restoration of Mykolaiv’s ports will make logistics cheaper and increase Ukrainian exports. Since the beginning of the full-scale invasion, the ports of Mykolaiv have remained blocked: the enemy is close to the Dnipro–Bug estuary and controls access to the sea. Restoring the entire operation... #MykolaivSeaPort #UkraineExport #UkraineMaritimeCorridor #UkraineRestoration
Ukraine’s exports to the EU have decreased by almost 10%. In January-June, Ukraine exported $10.97B worth of goods to the EU, which is 9.7% less than the same period last year, the Ministry of Economy reported. EU exports decreased the most to neighboring st... #agroexportukraine #TradeLiberalization #TradeRestriction #UkraineEUtrade #UkraineExport
The Ukrainian government predicts a reduction in the gap between exports and imports in the next three years. In 2025-2027, Ukraine is expected to accelerate the growth of its export of goods and services against moderate growth rates in imports. This should reduce the negative trade balance of goods and serv... #UkraineBudget #UkraineEconomy #UkraineExport #UkraineImport #UkraineTrade #Ukrainetradedeficit
In six months, Ukraine exported $19.5B of goods; volumes increased, but sales have yet to. Ukrainian exports for six months of the year amounted to $19.5B and are identical to the figure for the first half of 2023. Physical export volumes increased by 35% and totaled 71 million tons. Howeve... #TarasKachka #UkraineEconomy #UkraineExport #UkraineImport #UkraineTrade
Ukraine has a significant imbalance between exports and imports, how does this affect the dollar exchange rate? Oleh Hetman, the Economic Expert Platform’s coordinator of expert groups, notes that because the exchange rate is not free-floating but in in a state of controlled flexibility, the national bank... #currencyexchange #nbu #OlehHetman #UkraineEconomy #UkraineExport #UkraineImport #Ukrainetradedeficit
Odesa aims to become the largest logistics center in the Black Sea region. The head of the Odesa military administration, Oleg Kiper, said during the Black Sea Security Forum that because of the inaccessibility of ports in other regions of Ukraine, Odesa has become the sole ... #GennadiyTrukhanov #Odesa #OlehKiper #UkraineExport #UkraineMaritimeCorridor #UkraineSeaPorts
For the first time, a Ukrainian furniture exporter receives a financial guarantee for the transit of goods through 35 European countries. The largest furniture exporter from Ukraine, the Accord company, became the first to take advantage of a new mechanism to issue financial guarantees for customs operations while transporting goods thr... #Accord #CustomsVisaFree #FinancialGuarantee #FurnitureExport #RaiffeisenBank #UkraineExport
Renewed visa-free trade with the EU has entered into force, and Ukraine is developing logistics on the western border. On June 6, autonomous trade measures came into effect in the EU, according to which all import duties and quotas for Ukrainian exports to the European market are suspended for one more year. However, ... #agroexportukraine #CheckPoints #Hungary #TradeVisaFree #UkraineEU #UkraineExport
Ukraine increased its exports of frozen vegetables by 100% over last year. In the first quarter of 2024, the export of frozen vegetables from Ukraine increased by more than 100% compared to the same period in 2023 – up to 2,200 tons. Turnover reached more than $2.7M. F... #agroexportukraine #FrozenVegetables #UkraineEconomy #UkraineExport
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
