News

Despite the occupier's attempts to block the Black Sea, which is the main transit route, Ukraine's economic cooperation with the Arab countries continues to grow. This became noticeable in 2023, when after some decline in the first year of the war, trade between our countries increased significantly.

Now the balance for Ukraine is negative – by approximately 400 million US dollars.

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Ukrainian soybean export in February this year amounted to 323 000 tons, which is almost no different from the indicator of the previous month (305 000 tons) or from February 2023 (327 000 tons).

Almost half of Ukrainian export in the reporting month were sent to Egypt, other importing countries with a relatively significant share are Türkiye and the Netherlands.

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Ukraine continues to increase onion export based on a growing deficit of European products in the country and a reduce in domestic prices.

In particular, Ukrainian exporters increased the volume of onion supplies to Romania and Moldova, as well as slightly expanded the geography of sales. Last week wholesale onion batches from Ukraine were exported to Bulgaria, Greece and North Macedonia.

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In January 2024 Ukraine has exported 5,5 thousand tons of eggs, which is 71,9% more than in the same period last year. This is evidenced by the data of the State Customs Service. At the same time, in monetary terms, export in January this year remained at the level of the same period of 2023: 6,2 million US dollars.

The main buyers of Ukrainian eggs during the first month of 2024 were Poland (18,9%), Israel (13,6%) and Bulgaria (11,9%).

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The functioning of the sea corridor allowed Ukraine to export 12 million tons of grain in January, which is equal to the volume of the pre-war period.

The launch of the new sea corridor made it possible to export a record 12 million tons of grain in January, which is equal to the volume of the pre-war period. In February, which has not yet ended, an indicator of 8,5 million tons is expected, which also exceeds the pre-war indicators.

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The European network of operators of the electricity transmission system ENTSO-E has increased the maximum allowable capacity of Ukraine for the export of electricity by 150 MW - up to 550 MW.

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Ukraine has joined the Kern Group, which unites supporters of greater liberalization of international trade in agricultural goods within the World Trade Organization (WTO). Ukraine started the process of joining the group of large exporters of agricultural products within the WTO at the end of 2009. Since 2020, it has had observer status in the Kern Group.

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Only in December 2023, Ukraine exported 5 million tons of grain from Odesa, 1 million tons - via the Danube and another 1 million tons - by the land corridor through the territories of neighboring countries. In general, 90% of all products are exported by sea.

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In 2023 6 thousand tons of turkey meat were exported, which is 50% more than the year before, and ten times more than in 2021.

Imports have more than halved. Ukraine has all the prerequisites for the active development of the turkey meat market, which will be facilitated by

the expansion of export due to the abolition of import duties and quotas by the European Union.

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The Export and Entrepreneurship Promotion Office presents a convenient analytical tool –

a dashboard for investigating the export potential of regions in an interactive form.

What data the dashboard offers to investigate:

Export volumes by regions.

The structure of exporters in each region by the size of the enterprise.

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