In July 2024, Ukraine exported almost $3 billion worth of goods to foreign markets. Mostly to the EU and China. UNN writes with reference to the data of the Ministry of Economy.
Ukraine exported almost $3 billion worth of goods in July this year. At the same time, the physical volume of exports in July was 0.6% lower than in June, due to seasonal changes in exported crops. Overall, Ukrainian exports increased by 9% in July compared to the previous month. The EU remains Ukraine's largest trading partner, with 56% of Ukraine's exports going to European markets. China, Egypt, Turkey and India, as well as the Mediterranean countries, are the leading importers of Ukrainian products outside the EU. In particular, the development of a network of free trade agreements with the Mediterranean countries is a government priority
Details
In the agricultural sector, Ukraine exported in July:
- wheat - 1.58 million tons, almost twice as much as in July last year;
- of rapeseed - 277 thsd tonnes, up 13.5% year-on-year;
- barley - 580 thsd tonnes, almost twice as much as in July last year;
- corn - 1.56 million tons, which is 44.4% less than in June.
Industrial products dominate the structure of Ukrainian exports:
- iron ore and concentrates - $229 million (2.5 million tons);
- furniture - $37.9 million (18.9 tons);
- Semi-finished iron products - 219 thousand tons ($109.4 million), up 83.1% year-on-year;
By mode of transport, Ukraine supplied goods to foreign markets in July:
- by sea - 6.25 million tons, 0.4% less than in June;
- by rail - 2.6 million tons, 3% less than in June;
- by road - 825 thousand tons, which is 5.5% more than in June.
Among the EU countries, Poland ($358 million), Spain ($190 million), Germany ($178 million), the Netherlands ($147 million), and Italy ($136 million) are reportedly the leaders in importing Ukrainian products.
In addition to the EU, according to the Ministry of Economy, most Ukrainian products are exported to China - $175 million (-3.1%), Egypt - $143 million (+17.5%), Turkey - $134 million (+32.7%), India - $89 million (+137%), the Republic of Moldova - $87 million, Lebanon - $44 million, Algeria - $39.5 million, the United States - $39.2 million, Israel - $39 million, and Indonesia - $38.5 million.
Recall
Ukraine exports about 80% of its products by sea, reaching pre-war levels. Since the beginning of the marketing year, grain exports have increased by more than 50% year-on-year, reaching 3.44 million tons.