Last year, China bought a record amount of meal – 8,7 million tons (+12% by 2022). About 60% of deliveries in the reporting period were sunflower and rapeseed meal – 2,9 million tons and 2,3 million tons respectively.
Last month, China has bought the main volumes of sunflower meal from Ukraine (218 000 tons) and Bulgaria (129 000 tons), and rapeseed meal from Canada (168 000 tons) and the UAE (50 000 tons).
Read MoreThe Ukrainian Energy Stock Exchange has already registered 14 market participants from Ukraine in the electricity import/export section, two non-resident companies are in the final stage of registration.
The opening of the direction of cross-border trade in electricity at UESE aroused interest both from the participants of the electricity and energy market of Ukraine and from non-residents.
Read MoreFrom now on, export credits, bank guarantees and receivables under foreign economic agreements (contracts) will be insured on an All-risk basis, when any risk is covered, except for the provisions specified in the insurance contract. This is reported by PSC «Export Credit Agency» (ECA).
Read MoreUkraine began to ship onions to Romania, which previously actively imported these products from Moldova.
Experts explain this reorientation by the reduction of Moldovan stocks and the increase in onion prices in Europe.
Read MoreDuring the peak months of blocking the Polish border, Ukrainian business lost about 1,5 billion euros.
Read MoreWorld 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.
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