News

Ukrainian export of chocolate in the first quarter of 2024 significantly exceeded import in physical terms, but were almost equal to import in monetary terms.

In the reporting period, Ukrainian export of chocolate amounted to 14 500 tons worth 55 million US dollars. For comparison, in the corresponding period of 2023, the export figure was 11500 tons worth 37 million US dollars.

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In January-April 2024, JSC "Ukrzaliznytsia" transported 30,4 million tons of cargo in the export connection, which is 48,8% more than in the same period last year.

This is a record amount of cargoes for export since the time of the full-scale invasion.

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From July 2023 to March 2024, Ukraine has exported, according to the preliminary data, more than 37 thousand tons of apples. This is almost as much as Ukraine exported on average over the previous 5 full seasons.

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In January-March 2024, Ukraine exported 7,2 thousand tons of non-condensed milk and cream, which is 11,1% less than in the same period last year. In monetary terms, export reduced by only 2,1% - to 4,6 million US dollars. The main buyers of Ukrainian non-condensed milk and cream in the 1st quarter of 2024 were Moldova (93,3%), Armenia (2,6%) and Georgia (2,3%).

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A successful pea season is expected in Ukraine in 2024. India's duty-free policy on import of yellow peas will be extended till October 31, 2024. Such a decisive measure is due to serious weather problems, which negatively affected the yield of local agricultural crops and caused a deficit in the domestic market. Possibilities of duty-free supply of peas to India create profitable prospects for the Ukrainian producers.

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During the meeting on May 7, the Government canceled Cabinet of Ministers Resolution № 153, which limited payments for the import of goods and services.

As Denys Shmyhal noted, this decision of the government is part of a broader policy of deregulation. More than a thousand permissions, licenses and certificates that regulate the interaction of the state and business have already been revised.

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The CMU approved the draft law on the ratification of the Free Trade Agreement between Ukraine and the Republic of Türkiye. This decision lays the basis for the completion of domestic procedures for this Agreement to be valid.

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In April 2024, Ukraine has exported 10,42 thousand tons of dairy products worth 21 million US dollars.

It is noted that natural export volumes increased by 18% compared to March of this year and by 35% compared to April 2023. Cash receipts for delivered goods increased by 14% compared to March 2024 and by 10% compared to April 2023.

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The Verkhovna Rada of Ukraine adopted in the 2nd reading and as a whole Laws № 10168-2 and № 10169-2, which introduce mechanisms to minimize overuse in the export of agricultural products.

The draft laws introduce amendments to the Tax and Customs Codes of Ukraine and other legislative acts of Ukraine regarding the improvement of foreign economic operations for the export of agricultural products.

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Export shipments of agricultural products by  automobile transport  for the first 6 days of May this year amounted to 81 000 tons, which is 9% more than in the same period in April (74 000 tons). During this period, the volume of transportation on the Polish border grew  up to 19,1 thousand tons, which is almost three times more than during the same period in April – 7,4 thousand tons. At the rest of the checkpoints, the volume of transportation reduced a lot.

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