Economic damage from the Polish-Ukrainian border blockade may reach $400M. The interruption of the supply of Ukrainian goods by truck through Poland will affect both the export and import of goods to Ukraine. According to preliminary calculations by the National Bank, in 202... #BorderBlockade #nbu #UkraineEconomy #UkraineForeignTrade #UkrainePolandCheckpoints
Ukraine’s imports exceed exports by $22.4B. Ukraine’s trade turnover for January-October 2023 is $82B, the State Customs Service reported. During this period, Ukraine imported goods worth $52.2B and exported $29.8B. At the same time, taxe... #UkraineForeignTrade #UkraineImport #UkraineTrade #ВідвантаженнятоварівУкраїна
How did Ukraine’s international trade develop in September 2023? For the month, the trade deficit amounted to $0.8B. The deficit’s formation stems from the contraction of foreign trade. For the first nine months of the year, the export of goods decreased by 35.9%, ... #UkraineEconomy #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
The export of Ukrainian dairy products have decreased by 10% during the year. During the nine months of the current year, Ukraine’s dairy product turnover was reduced by 9.7% compared to the same period last year – from $353.4 to $318.8M. It is noted that the volume of da... #agroexportukraine #DairyproductionUkraine #MilkProductionUkraine #UkrainedairyExport #UkraineForeignTrade
The flow of foreign currency to Ukraine is decreasing, increasing risk for the hryvnia. Over the past few months, currency inflows to Ukraine have significantly decreased, which is explained by two factors: the deficit of foreign trade and the reduction of financial aid from partner coun... #financeUkraine #financialaidforUkraine #foreigncurrency #Hryvnia #UkraineForeignTrade
Ukraine plans to enter the markets of more than 60 countries. Currently, the Ministry of Economy, the State Production and Consumer Service, and the Ministry of Foreign Affairs of Ukraine are working to open the markets of 63 countries in almost 200 directions. ... #OleksandrBankov #UkraineForeignTrade #ВідвантаженнятоварівУкраїна
In August, Ukraine managed to reduce the foreign trade deficit. As reported in the customs committee of the parliament, this indicator amounted to $2.77B against $2.83B in July. Despite the shelling of the port infrastructure, it is noted that the export of agricu... #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
Ukrainian entrepreneurs need diplomatic support to export to 16 countries. These companies are in the food, dairy, beverage, textile, furniture, cosmetic, and IT industries, informs the Ministry of Foreign Affairs’ Nazovni service. The largest numbers of requests for d... #NAZOVNI #UkraineForeignTrade #ukrainianbusiness #ВідвантаженнятоварівУкраїна
Food and metal are the primary Ukrainian exports. According to Opendatabot, during January-July of this year, the total volume of exports from Ukraine amounted to $30.3B, 8% less than in the same period of 2022. Despite the decline, among the exports... #agroexportukraine #GrainAgreement #UkraineForeignTrade #UkrainianMetalExport #ВідвантаженнятоварівУкраїна
Ukraine increased foreign trade turnover of goods by 3%. For the first seven months of the year, Ukraine’s merchandise turnover amounted to $57.5B, 3% more than in 2022, the State Customs Service reported. During this period, Ukraine imported goods wo... #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
Ukraine’s foreign trade deficit increased by 300% in six months. The State Statistics Service reported that the negative balance of Ukraine’s foreign trade in goods for January-June 2023 increased from $2.58B to $11.04B compared to the same period last year. ... #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
Ukraine has taken another step toward European customs integration and increasing exports and imports from the EU. The procedure for determining the country of origin of goods in Ukraine is officially compliant with the EU Customs Code. The new law, signed by President Zelenskyy, allows the temporary movement of g... #CustomsUkraine #EUcustoms #UkraineForeignTrade #ВідвантаженнятоварівУкраїна
Poland benefits from a strategic economic partnership with Ukraine, making up a third of EU exports. Poland benefits from a strategic economic partnership with Ukraine. Since the beginning of the full-scale war in 2022 until the end of May 2023, its exports to Ukraine amounted to almost €14B, which i... #JanuszWojciechowski #PolandUkrainetrade #UkraineForeignTrade
Businesses ask the governments of Ukraine and Poland to quickly sign the common border agreement. Several business associations have called on the governments of Ukraine and Poland to promote the development of existing checkpoints and the construction of new joint checkpoints on the Ukrainian-Pol... #EBA #UkraineForeignTrade #UkrainePolandBorder #UkrainePolandCheckpoints
Ukraine plans to introduce several new agricultural products to the Chinese market. The subcommittee on Ukrainian-Chinese trade and economic cooperation discussed the prospects of bringing new goods to the Chinese market by the end of the year, announced the Ukrainian government. At ... #agroexportukraine #chinaandukraine #UkraineForeignTrade
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
Most Ukrainian businesses are considering entry into foreign markets. About 69% of entrepreneurs support this trend, according to analysis from Gradus Research. At the same time, 55% of respondents believe that because of these Ukrainian specialists will start implement... #businessinukraine #ForeignMarketsForUkraine #UkraineForeignTrade
The deficit in foreign trade in goods increased by almost 800%. The negative balance of Ukraine’s foreign trade in goods for the first five months of the year increased dramatically compared to last year – to $8.98B from $1B. According to the State Sta... #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
Ukraine will begin revising the free trade agreement with four EFTA countries. On Tuesday, the Minister of Economy of Ukraine, Yulia Svyridenko, held a meeting with the European Free Trade Association (EFTA) ministers, during which she announced the decision to start domestic pr... #EFTA #FreeTradeAgreement #UkraineForeignTrade #YuliyaSvyridenko
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 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
Britain has extended restriction-free trade for Ukrainian rolled flat and coil steel. The cancellation of protective measures on the import of Ukrainian flat and coil steel products was extended until May 30, 2024, as announced by the UK government. The State Anti-Dumping Commission (T... #FreeTrade #SteelProductionUkraine #UkraineForeignTrade #UkraineSteelExport #UkrainianRolledSteel
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
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
USAID will provide $1.5M in grants to Ukrainian export alliances. The goal is to jointly support enterprises seeking to promote their products in international markets. The initiative is designed to increase the level of internationalization of Ukrainian business an... #GrantsForBusiness #UkraineForeignTrade #USAID #YuliyaSvyridenko
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
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
Ukraine is going to expand its exports to 27 markets. The State Production and Consumer Service are working on opening more than 27 new international markets for Ukrainian goods, said the head of the department, Olga Shevchenko. She clarified that the ne... #UkraineForeignTrade #UkrainianExport
Ukraine’s imports from the EU exceeded the pre-war level in December. According to 2022’s results, exports from EU countries to Ukraine increased again to the level before the start of the war in February last year. According to Eurostat, the EU’s trade with Ukrai... #UkraineEUtrade #UkraineForeignTrade #UkraineImport
Poland replaced China as the leader among importers of Ukrainian agricultural products. Since the war began, Ukraine’s geography of farm export supply has changed, according to analysis from the Institute of Agrarian Economics. In 2022, Ukraine exported agricultural products worth $23.6B... #agroexportukraine #UkraineExport #UkraineForeignTrade
Ukraine can replace $7B of Russian and Belarusian goods in the EU market. According to the Ministry of Economy, Ukraine can immediately replace contracts in the EU market for machine building, wagon building, and food processing. However, Ukraine and the EU have different t... #EUmarketForUkraine #UkraineEU #UkraineForeignTrade
Despite a 16% drop last year, agricultural exports were the second largest total in Ukraine’s history. Last year, Ukraine exported $23.4B worth of farm food products, 16% less than in 2021. However, this indicator is the second largest in the independent history of Ukraine, despite the full-scale war. ... #agricultural #agroexportukraine #UkraineForeignTrade
Ukraine’s exports fell by 30% and imports by 4%. Ukraine’s export of goods and services decreased by 29.9% in 2022, while imports decreased by only 3.9%, according to the NBU Balance of Payments Review. The export of goods decreased by 35.1% l... #UkraineExport #UkraineForeignTrade #UkraineImport
Ukraine opened 12 new export markets in the livestock sector. Last year, the country received 22 international veterinary certificates for product export by Ukrainian agricultural companies. In 2022, Ukraine started exporting to Albania, Georgia, the Dominican R... #agroexportukraine #UkraineExport #UkraineForeignTrade
The European Union will extend trade liberalization with Ukraine. The EU is leaning toward prolonging full trade liberalization with Ukraine in order to support its economy in the face of industrial concerns. The bloc is likely to expand those measures because they ... #UkraineEUtrade #UkraineForeignTrade #ValdisDombrovskis
Despite the war, Ukraine managed to increase its exports to the EU. According to 2022’s results, the export of goods to EU countries increased by 4.2% compared to 2021 and amounted to about $28B. According to the Ministry of Economy, this growth became possible due to... #ExportUkraine #PathsOfSolidarity #UkraineForeignTrade
Over the year, Ukraine exports of goods declined by 43% and imports by 28%. According to the National Bank of Ukraine, the surplus from the consolidated balance of payments of Ukraine amounted to $2.4B in November 2022. At the same time, the export and import of goods for the... #UkraineForeignTrade #UkrainianExport #UkrainianImport
Ukraine’s trade turnover reached over $90B: Ukraine buys from China and sells to Poland. During the first 11 months of 2022, Ukraine’s turnover amounted to $90.1B. In January-November, goods were imported to Ukraine worth $49.4B and products were exported from Ukraine totaling $40.7... #UkraineForeignTrade #UkrainianExport #UkrainianImport
Ukraine will not transport goods through Belarus due to security risks. There are currently no objective opportunities to organize the transit of Ukrainian goods through Belarus due to security risks, said trade representative Taras Kachka. Instead, the minister believes ... #TarasKachka #UkraineForeignTrade #UkrainianExport
The foreign trade deficit has doubled. The negative balance of Ukraine’s foreign trade in goods for the first 10 months of the year has increased 2.6 times compared to the same period in 2021, to $7.05B from $2.69B. According to the ... #Foreigntradedeficit #UkraineForeignTrade
Ukraine spent $7B more on imports than it received from exports. For the first ten months of the year, Ukraine imported goods worth $44.1B and exported $36.9B, the State Customs Service reported. Merchandise turnover during this period amounted to $81B. Ukraine bou... #UkraineForeignTrade #UkraineImport #UkrainianExport
Ukraine’s trade has fallen by 27% since the beginning of the year. According to the results of the first half of 2022, Ukraine’s foreign trade amounted to $48B, which is 27%, or $13B, less than in the first half of 2021. So, in January-June of this year, almost... #UkraineExport #UkraineForeignTrade #UkraineTrade
By the wider measure of goods and services, Ukraine’s foreign trade eked out a small surplus during the first half. Exports grew by 25.5%, to $35 billion, while imports rose by 28%, to $34.5 billion. Ukraine’s trade deficit with the EU dropped in half, to slightly less than $1 billion. Exports to EU nations were up... #foreignTrade #UkraineExport #UkraineForeignTrade #Ukrainetradedeficit
Ukraine’s foreign trade in goods increased by almost 30% for the first half of this year , compared to the same January-June period last year said Taras Kachka, Ukraine’s Trade Representative writes on Facebook. Compared to the first half of 2019, the last ‘normal’ year, trade is up 22% a... #UkraineForeignTrade #UkrainetradeofGoods #UkrainetradingwithEU
