The grain season had a positive effect on the overall export index of Ukraine

Published 2024년 8월 5일

Tridge summary

In July, Ukraine experienced a slight decrease of 0.6% in its total exports compared to June, primarily due to a significant drop in corn exports by 44.4%, from June and 2.5 times less than the peak in April. This decline was compensated by a rise in wheat and rapeseed exports, along with a doubling of barley supply compared to the previous year. The metallurgy sector also saw positive growth, with record exports of iron semi-finished products since the war. The majority of these exports were shipped to the EU, led by Poland, Spain, Germany, and the Netherlands, while exports to China, Egypt, Turkey, India, and other countries also increased. Imports in July reached $5.3 billion, with key imports including traditional goods and new items like complex fertilizers and electricity.

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

Original content

As Deputy Minister of Economy — Trade Representative of Ukraine Taras Kachka reported on Facebook, the physical volume of exports in July was 0.6% lower than in June. "The main reason is the seasonal change in agricultural crops that are exported. The volume of exported corn continues to decrease — 1.56 million tons, 44.4% less than in June, and 2.5 times less than in the peak of April, when we exported 4.1 million tons of corn. Instead, we have increased exports of wheat and rapeseed. We exported 1.58 million tons of wheat, 44% more than in June. And almost twice as much as in July last year. Then we exported 823,000 tons. Ukrainian producers also exported 277,000 tons of rapeseed, which is 13.5% more than in July last year," Taras Kachka clarified. Also, according to his data, the export of barley is reviving, the supply of which amounted to 580,000 tons in July - almost twice as much as in July last year. Taras Kachka emphasized that even in the sector, which is perceived as ...

Source: AgroPortal.ua