World wheat production in the 2023/24 season is planned at 784,91 million tons (+1,9 million tons). This is evidenced by data from the USDA report for January. USDA experts have increased their forecast for wheat harvest in Ukraine in 2023/24 marketing year — 23,4 million tons (+0,9 million tons). The export estimate increased to 14 million tons (+1,5 million tons). Analysts increased the forecast of final reserves by 1,8 million tons up to 4,38 million tons.
Read MoreDuring 2023 Ukraine has imported goods in the amount of 63,5 billion US dollars, and exported goods in the amount of 36 billion US dollars.
Ukraine has exported the majority to Poland — 4,7 billion US dollars, Romania — 3,7 billion US dollars, and China — 2,4 billion US dollars.
The three most exported goods from Ukraine included:
– food products — 21,8 billion US dollars;
Read MoreThe negative balance of Ukraine's foreign trade in goods in January-November 2023 increased 2,8 times compared to the same period in 2022 - to 24,35 billion US dollars from 8,57 billion US dollars.
As reported by the State Statistics Service, export of goods from the country during the specified period reduced by 18,9% compared to January-November 2022 - to 32,98 billion US dollars, while import increased in 16,5% - to 57,33 billion US dollars.
Read MoreIn 2023 ECA insured credit agreements of exporters for the amount of UAH 1 billion and contracts of foreign economic activities of Ukrainian enterprises for the amount of UAH 64 million and supported a total of UAH 7,84 billion in export of goods and services.
ECA's insurance liability amounted to UAH 934,35 million, and one hryvnia of insurance liability was thus converted into UAH 8,39 of future export revenue.
Read MoreAs of January 15, in 2023/2024 marketing year Ukraine has exported 20 million 563 thousand tons of grain and leguminous crops, which is 3 million 909 thousand tons or almost 1,2 times less than last year. The export of Ukrainian wheat is 8 million 186 thousand tons, which is 705 thousand tons less than last year.
Ukrainian farmers also exported 1 million 215 thousand tons of barley and 1,0 thousand tons of rye.
Read MoreUkraine and Romania are working on the launch of two new cargoes’ checkpoints on the common border,
namely: checkpoints Bila Krynytsia - Klimauti and Bila Tserkva - Szygetu-Marmatzei.
Now the State Agency is under the subordination of two checkpoints on the border with Romania - "Solotvyno - Sigetu Marmatsia" in Zakarpattia region, "Porubne - Siret" in Chernivtsi region.
Read MoreMoldova remained the discount for the transit of Ukrainian agricultural products at the level of 27%
In 2024 a discount will apply to the transit transportation of Ukrainian agricultural products through the Republic of Moldova. It is 27% of the current tariffs.
It is also worth noting that the agreement between the government of Ukraine and the government of the Republic of Moldova entered into force. It provides for the construction of a border crossing over the Dniester River on the state border within the area of Yampil and Koseuts.
Read MoreThe export of live cattle in 2023 reduced by 8,8% compared to 2022, up to 17,6 thousand tons. In monetary terms, the export of live cattle reduced by 22,1% compared to the figure for 2022 and amounted to 27,5 million US dollars.
Lebanon (62,3%), Egypt (24,7%) and Jordan (8,3%) bought the most domestic cattle in 2023.
The import of live cattle in 2023 fell by 18,7% compared to the previous year - to 646 tons.
Read MoreIn 2023 Ukrainian export of chocolate amounted to 53,4 thousand tons with a total value of 191 million US dollars. According to Customs statistics, in December Ukrainian companies have exported 4,8 thousand tons of chocolate worth 18 million US dollars, and in 2023 – 53,4 thousand tons worth 191 million US dollars.
Read MoreThe majority of the export was sent to Bulgaria. According to the results of 2023, Ukrainian metallurgical companies reduced the export of semi-finished products by 36,7% compared to 2022 - to 1,203 million tons.
The revenue of domestic enterprises from the export of semi-finished products last year reduced by 48,9% compared to 2022 - to 608,52 million US dollars.
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