Page 37 - UKRRptMay19

5.2.1 Import/export dynamics
External 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 balance
Exports (US$bn) 61.4 82.5 52.1 65.6 83.7 86.5 81.7 65.4 47.6 44.9 60.2 60.8
Imports (US$bn) 69.5 96.8 54 69.6 93.8 100.9 97.4 70 49 50.3 54.6 57.2
Trade balance -8.1 -14.4 -2 -4 -10.1 -14.3 -15.6 -4.6 -1.5 -2.9 -5.3 -6.4 (US$bn)
Trade balance -5.7 -7.8 -1.7 -2.9 -6.2 -8.2 -8.7 -3.5 -1.6 -5.8 -4.4 -5.9 (% of GDP)
Source: ICU
Trade with the EU is up, and trade with Russia and the CIS is down,
according to first quarter statistics release by the State Fiscal Service. Ukraine’s trade with the EU grew 6% q-o-q, to $11.2bn. Exports were up 3%. to $5.2bn. Imports were up 9%, to $5.9bn. During the same January-March period, trade between Ukraine and the CIS, including Russia, was down by 5%, to $4.3bn. Exports fell by 6%, to $1.5bn. Imports fell by 4%, to $2.8bn.
Russia’s outright import and export bans will cover $250mn worth of goods a year, estimates Russian Prime Minister Dmitry Medvedev. But, Ukraine analysts say these items are replaceable, analysts say. Last year, Ukraine imported most of its oil from Azerbaijan and only 20% of its bitumen – used for paving roads -- from Russia. Interpipe only exported only 61,600 tons of pipe, 9% of its total exports, to Russia.
Ukraine relied on Russia for 70% of its coal imports last year, paying $1.7bn last year for 15mn tons. Supplies to Ukraine increased by 29% last year, reports Russia’s Energy Ministry. For diesel and propane, Ukraine paid Russia $2bn last year, reports CTS-Consulting. During the first quarter of this year, Ukraine imported 88% of its oil products from Russia and Belarus, paying $873.5mn.
Grain exports are up 21% compared to this time last year, reports the State Service for Food Safety and Consumer Protection. Since the start of the marketing year, in July, Ukraine has exported 40mn tons. Of last fall’s 70mn ton harvest, Ukraine may export as much as 50mn tons.
Ukraine’s poultry exports were up 39%, to 103,600 tons, in the first quarter of this year, compared to the same period last year, reports the State Fiscal Service. In dollar terms, exports were up 31%, to $147mn. As of April 1, there were 205mn chickens in Ukraine, reports the State Statistics Service. While cows, sheep and goats were down slightly year-over-year, chickens bucked the trend, increasing by 3.7%. Poultry in industrial farms were up 6%. Reflecting the industry’s dominance, in March poultry accounted for 69% of total meat production in Ukraine.
37 UKRAINE Country Report May 2019 www.intellinews.com