According to Ukrainian Deputy Economy Minister and Trade Representative Taras Kachka, Ukraine’s goods exports rose by 9% month-on-month and amounted to $2.969 billion in money terms in July 2024, while in physical terns, the country’s exports decreased by 0.6% in the same period, mainly due to the seasonal change of exported crops.
Only 1.56 million tonnes of corn were delivered in July, so the corn exports declined by 44.4% month-on-month, and by 60% compared with April’s high of 4.1 million tonnes.
Kachka suggested to raise exports of wheat and rapeseed. In July 1.58 million tonnes of wheat were exported by Ukraine, up 44% month- on-month, and almost twice as much as last July, when they exported 823,000 tonnes. 277,000 tonnes of rapeseed were also supplied by Ukrainian producers abroad in July (13.5% up year-on-year). Exports almost doubled compared to June and reached 580,000 tonnes in July.
Even the core area always gives an opportunity to produce goods with a higher price and more added value.
38 categories of goods bringing more than $10 million are included in Ukraine’s exports: glassware (they have not fallen below $10 million over the past 12 months, and for several months have reached $12 million), carpentry and joinery products, (usually range from $14 million to $16 million per month), as well as furniture (worth $37.9 in July).
Records with 219,000 tonnes of semi-finished products were also set by metal industry (up 83% compared to June).
A change with regard to maritime transport exporting 6.25 million tonnes in July, down 0.4% month-on-month, was seen by the transport industry. 2.609 million tonnes were exported by rail transport (down 3% month-on-month). Road transport supplied 825,000 tonnes (up 5.5% compared to June).
56% of exports are still accounted for the European Union ($1.67 billion). The leading consumers of Ukrainian products are Poland ($358 million), Spain ($190 million), Germany ($178 million), the Netherlands ($147 million) and Italy ($136 million).
Goods worth $175 million were exported to China. It is still the largest market outside EU countries, regardless a 3.1% downfall. A 17.5% growth was shown by exports to Egypt in July (month-on-month to $143 million) and by 32.7% (to $134 million) by exports to Turkey. $89 million of products were sold to India (a 137% growth).
Moldova ($87 million), Lebanon ($44 million), Algeria ($39.5 million), the United States ($39.2 million), Israel ($39 million), and Indonesia ($38.5 million) were also named among the top 10 export destinations for Ukraine outside the EU.
Ukraine’s imports were estimated at $5.3 billion in July 2024, including fuel ($604 million), cars ($306 million), medicine ($156 million), complex fertilizer ($102 million) and electricity ($120 million).
They extended grain transshipment contract between Ukraine’s Nibulon and Romania’s TTS.
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