Page 67 - UKRRptJul24

Spain (57.8%), Poland (15.7%) and Lithuania (15.4%) were the main buyers of Ukrainian shellfish during the first four months of 2024.
For the first time, a Ukrainian furniture exporter receives a financial guarantee for the transit of goods through 35 European countries. The largest furniture exporter from Ukraine, the Accord company, became the first to take advantage of a new mechanism to issue financial guarantees for customs operations while transporting goods through 35 European countries. The Raiffeisen bank reported that the first financial guarantee was issued for €171,000. From now on, exporters of goods can also receive financial guarantees in euros for one year under the European transit system (NCTS). The introduction of this new tool will allow customers to significantly speed up the turnover of goods, save time and money, and become more competitive in European markets. Now, trucks can cross Europe to their destination without unnecessary stops and risks. Accord exports approximately 95% of its furniture to Europe. Over the past four years, Accord has increased its sales by 300%, up to ₴1.7 billion by the end of 2023.
In January-May, Ukraine increased the import of coke and semi-coke in natural terms by 200% compared to the same period in 2024 - up to 212,768 tonnes. In monetary terms, coke imports increased by 116% to $77.2M. Imports originated mainly from Poland, China, and Hungary.
5.2.2 Current account dynamics
Ukraine recorded a Current Account deficit of 1638 $mn in May of 2024. Current Account in Ukraine averaged -376.24 $mn from 2010 until 2024, reaching an all time high of 2218.00 $mn in December of 2019 and a record low of -2498.00 $mn in September of 2013.
67 UKRAINE Country Report July 2024 www.intellinews.com