Page 27 - UKRRptJan22

According to the State Statistics Service, Ukraine’s export of goods during the reporting period compared to January-October in 2021 decreased by 32.3% to $36.86bn, and imports by 23.2% to $43.91bn.
The State Statistics Service specified that in October of this year, compared to September, the seasonally adjusted volume of exports decreased by 3.5% to $3.65bn, and imports increased by 7.4% to $4.79bn.
The seasonally adjusted foreign trade balance in October 2022 was negative and amounted to $1.14bn, while in September 2022, it was also negative and amounted to $0.67bn. The export-import coverage ratio in January-October 2022 was 0.84 (0.95 in January-October 2021).
5.2.1 Import/export dynamics
In 2022, Ukraine received more than $21bn from food exports. In the 11 full months of 2022, Ukraine exported 50.9mn tonnes of agricultural products and food for $21.1bn.
In terms of volume, this is by 16.7%, and in terms of value, by 13 .7% less than the corresponding period last year, said Minister of Economy Yulia Svyridenko.
Among the products from the agro-industrial complex and the food industry, the most exported were: corn (21.9mn tonnes for $5.3bn), wheat (9.6mn tonnes for $2.3bn), sunflower oil (3.9mn tonnes for $5bn), rapeseed (2.9mn tonnes for $1.4bn), and meal from vegetable fats and oils (2.9mn tonnes for $671.2mn).
Svyridenko added, the grain initiative and the new Grain from Ukraine program initiated by President Zelenskiyy are important in restoring export volumes.
The latest data from Ukraine’s Agriculture Ministry shows that Ukraine has exported around 18.1mt of grains as of December 5 in the 2022/23 season, a decline of 30% from the same period last year. Total corn shipments stood at 9.7mt (+63% Y/y), while wheat exports fell 53% y/y to 6.9mt as of 2 December.
Turkish Transport Minister: Over 15 million tons of products exported through Black Sea ‘grain corridor.' Five hundred eighty-five cargo ships with more than 15 million tons of agricultural products have left Ukraine through the UN-backed “grain corridor” since August, Turkish Transport and Infrastructure Minister Adil Karaismailoglu said.
Ukrainian exporters have experienced problems with access to EU markets. Many Ukrainian exporters are complaining to the Ministry of Economy about the refusal of EU customs authorities in member states to process goods. This stems from the EU’s decision on October 6 to ban the import of goods from the territories of the Zaporizhia and Kherson regions not under the control of the Ukrainian government. Therefore, the Ministry of Economy and the State Customs Service have issued recommendations to exporters whose production facilities are in the Zaporizhzhia and Kherson regions, as well as other regions near the contact line. The agencies advise that when exporting products to EU member states, it is mandatory to issue a
27 UKRAINE Country Report January 2023 www.intellinews.com