News

The Ministry of Development of Communities, Territories and Infrastructure of Ukraine has agreed on "transport visa-free" for cargo transportations with the Ministry of Transport and Maritime Affairs of Montenegro, which is not a member of the European Union.

This was reported by the Embassy of Ukraine in Montenegro. The parties agreed on the liberalization of all cargo transportations between the countries from June 1, 2024.

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The Ministry of Economy of Ukraine and the global technology company Mastercard signed a Memorandum of Cooperation within the framework of the implementation of the "Made in Ukraine" policy, which is aimed at supporting Ukrainian business, popularizing and stimulating demand for products and services of domestic manufacturers, in particular through the implementation of the national cashback program for Ukrainian goods.

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In the 1st quarter of 2024, almost 2/3 of all commodity exports will be agricultural raw materials and food.

Currently, in exports, it was possible to significantly increase the share and volumes of supplies of metal and iron ore raw materials. According to the results of the first quarter, they accounted for almost 1/5 of all commodity exports (13% in the first quarter of 2023).

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In the first three months of 2024, according to data from the State Customs Service, revenue from the export of fruits, berries and nuts increased by 47% – up to 87 million US dollars. At the beginning of 2024, the exporters have got the most of revenues of walnuts (38 million US dollars), frozen berries and fruits (29 million US dollars), apples and pears (11 million US dollars).

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The volume of export transportation of grain cargoes by rail in the first quarter of 2024 amounted to 9.9 million tons, which is 18.4% more than in the same period last year. In addition, this is a record volume for the first quarter of the year in the last 4 years.

The volume of transportation of grain cargoes in the direction of seaports of Ukraine accounted for 85% of the total export of grain cargoes.

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Ukrainian soybean exports in March 2024 amounted to 227 000 tons, which is 30% less than the previous month and almost half as much as in March 2023 (417 000 tons).

In total, since the beginning of the 2023/24 season (September 2023), Ukrainian companies exported 2,45 million tons of soybeans, which is still higher than the corresponding period of the previous marketing year (2,35 million tons).

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According to the results of 2023, Ukraine was able to increase sales of shell eggs to foreign markets to $60.8 million, which is 45% more than the previous year.

Quantitative indicators of their export also increased - 48,8 thousand tons (+81%).

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In March 2024, compared to February, Ukraine did not change the volume of dairy product exports.

"In March 2024, Ukraine has exported 8,55 thousand tons of dairy products worth 18 million US dollars. The natural volumes of exports remained almost at the level of February of the current year (+0,35%), but reduced by 11% compared to March 2023,"- the Association of Milk Producers said in a statement.

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The Council of the EU, the European Commission and the European Parliament supported the continuation of free trade agreement with Ukraine until June 2025. The decision envisages a protective mechanism within which quotas and duties can be introduced for particularly sensitive agricultural products: poultry meat, eggs, sugar, oats, corn, cereals and honey. The launch of the safeguard mechanism will depend on the import volumes which were between mid-2021 and the end of 2023.

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The governments of Ukraine and Hungary have agreed on amendments to the agreement on border traffic control which will allow the start of work to launch a new checkpoint for passenger vehicles.

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