Page 39 - UKRRptSept21

Poland is the second biggest partner with $5.6bn worth of total turnover that includes $2.9bn worth of exports and $2.7bn worth of imports, resulting in Ukraine’s biggest trade surplus of $226mn.
Russia remains Ukraine’s third biggest trade partner despite the undeclared war between the two countries with $4.7bn worth of total turnover, including $1.9bn worth of exports and $2.9bn worth of imports since the beginning of 2021.
Germany and Turkey take fourth and fifth place in the rank, with $4.7bn and $3.7bn trade turnover for each.
Ukraine’s biggest export this year is ferrous metals, which have benefited from soaring commodity prices, with $7.55bn worth of exported goods since the beginning of the year, followed by $5bn worth of exported cereals, and $4.8bn worth of ores exported all over the world.
In a turnaround, Ukraine’s food exports to the EU are up 10% y/y, to $3.7bn, for the first seven months of this year, reports the Ukrainian Agribusiness Club. Last year, Ukraine’s good exports to the EU dropped by 11%, compared to 2019. So far this year, Ukraine has used up five quotas for duty-free exports of food to the EU: honey, cereals and flour, processed starch, processed tomatoes, grape and apple juice. For the first three quarters of the year, quotas have been used for eggs and poultry. The corn quota has only been 74% used due to massive shipments to China. The sugar quota has not been filled due to shortages at home. Ukraine is the fourth largest supplier of food to the EU, after the US, Brazil and the UK.
Ukraine cut exports of organic food products by 30% last year, but earned 8% more, according to a Swiss-Ukrainian study, cited by organicinfo news site. The EU bought 73% of the 332,000 tons of organic food exported last year by Ukraine. By selling 80 organic products to 40 countries, Ukraine made $204 million last year. Ukraine is the fourth largest supplier of organic food to the EU, after Ecuador, the Dominican Republic and China.
Underlining Ukraine’s role as a world food power, exports of all grains are expected to hit 56 million tons, from a record harvest of 75.8 million tons, the Agrarian Policy and Food Ministry predicted in the middle of August. During the current 2021-2022 market year, Ukraine expects to export 21 million tons of wheat and 31 million tons of corn. By contrast, Russia expects to export 37 million tons of wheat, according to SovEcon, the Moscow-based agricultural consulting company.
Nibulon, exporter of almost 10% of Ukraine’s grains, is reaching out to new markets: Mauritania, Burundi, Saudi Arabia, Tanzania, Pakistan and Vietnam. Looking around the globe, Nibulon is pursuing markets in West Africa, the Middle East and South America. Last year, the breakdown of its grain exports was: wheat – 43%; corn – 36%; and barley – 12%.
Ukraine’s trade in goods with China surged during the first half of this year, nearly hitting $9bn, reports the State Statistics Service. Exports to China jumped by 43% y/y, to $4.3bn. Imports from China increased by 25%, to
39 UKRAINE Country Report September 2021 www.intellinews.com