The NBU says that in 9 months of 2023, the ratio of export of goods to GDP reduced from 31% in 2021 to 20%. A significant expansion of the deficit in trade in goods is observed.
Read MoreDuring the first month of the season - October - shipments of sugar to foreign markets increased to 76 thousand tons. According to State Migration Service, in January-October, sugar export amounted to 364 000 tons worth 283,78 million US dollars, while total export in the 2022 calendar year amounted to 181 000 tons for 139,38 million US dollars.
Read MoreIn September 2023, Germany's trade with Ukraine (840 million euros) was for the first time bigger than with russia (810 million euros). Russia's war against Ukraine is changing the structure of Germany's foreign trade with the region of Central and Eastern Europe and Central Asia.
The war also changed the ranking of Ukraine's largest trade partners. Neighboring countries - Poland, Romania, Türkiye - became the leaders.
Read MoreThe negative balance of trade in services was formed mostly as a result of spending by Ukrainian refugees abroad. The import of services to Ukraine for the 3 quarters of 2023, compared to the corresponding period of 2021, increased by 87%, despite the fact that the export of services from Ukraine reduced by 7% during the analyzed period.
Read MoreUkraine has restricted the import of eggs, poultry and their products from a number of US states due to an outbreak of bird flu. From November 6, the ban applies to the states of Alabama, Washington and California. From October 31, there is a restriction on products from the states of Oregon and Iowa, from October 24 - from the states of Minnesota, Montana, Utah and South Dakota.
Read MoreSince 2019, the volume of flour export from Ukraine has reduced by 4,8 times - from 365 000 tons in 2019 to 76 000 tons in 2022. However, Ukraine became the second largest supplier of flour to the EU. In terms of the geographical structure of flour export by Ukraine in 2022, as a result of the naval blockade of the russian federation, a reorientation of Ukrainian producers to European markets instead of the markets of the Middle East and Africa took place.
Read MoreThe Cabinet of Ministers of Ukraine adopted Resolution No. 1174 "On Amendments to the Procedure for the Implementation of the Experimental Project on the Verification of agricultural objects under Martial Law". The resolution expands the criteria for inclusion in the list of verified exporters of products. In particular:
access to the verification procedure is granted to entrepreneurs who are registered as VAT payers after February 23, 2022;
Read MoreAs of November 11, the National Bank has reduced in a half the terminal terms for operations for the export of agricultural goods, classified under 12 codes, from 180 to 90 calendar days.
Read MoreDuring January-October 2023, Ukraine has imported goods in the amount of 52,2 billion US dollars, and has exported goods in the amount of 29,8 billion US dollars.
Taxed imports amounted to 43,4 billion US dollars, which is 83% of the total volume of imported goods.
Read MoreUkraine is moving towards the unified European rules for access to interstate lines for electricity exporters and importers. An agreement was signed with the Romanian operator Transelectrica. The first auction for the sale of access to the interstate crossing between Ukraine and Romania in the new format will take place on November 2. The auction will be joint for Ukrainian and Romanian companies and will be held on the Ukrenergo platform. The delivery date is November 3.
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