Grain season had a positive impact on Ukraine’s overall exports

Published 2024년 8월 5일

Tridge summary

In July, Ukraine saw a 9% increase in exports, totaling $2.969 billion despite a slight decrease in the physical volume compared to June. This decline is largely due to a drop in corn exports, which have decreased by 44.4% since June and 2.5 times since the peak in April. However, exports of wheat and rapeseed have compensated for this, with significant increases observed in July compared to the same period last year. The steel industry also had a strong month, recording the highest figures since the war. The majority of exports were shipped to the EU, with China, Egypt, Turkey, and India also being significant recipients. Imports in July reached $5.3 billion, with a variety of goods including traditional items and new categories such as complex fertilizers and electricity.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In July this year, Ukraine exported $2.969 billion worth of goods, up 9% compared to June. According to Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, the physical volume of exports in July was 0.6% less than in June. “The main reason is the seasonal change in exported crops. The volume of exported corn continues to decline – 1.56 million tons, 44.4% less than in June and 2.5 times less than in the peak month of April, when we exported 4.1 million tons of corn. On the other hand, we increased exports of wheat and rapeseed. We exported 1.58 mln tons of wheat, which is 44% more than in June. And almost twice as much as in July last year. Back then, we exported 823 thsd tonnes. Ukrainian producers also exported 277 thsd tonnes of rapeseed, which is 13.5% more than in July last year,” said Taras Kachka. According to him, barley exports are also reviving, with shipments amounting to 580 thsd tonnes in July, almost twice as much as in July last year. Taras ...

Source: UkrAgroConsult