Ukraine exported goods worth over $3.16 billion in August

In August 2024, Ukraine increased its exports of goods by 6.4% compared to July and by 17.5% compared to August 2023, to over $3.16 billion. This was reported by the Ministry of Economy.

‘For the second month in a row, exports have been growing due to the early start of the harvest and improved maritime logistics. In August, we increased sea freight turnover by 224.7 thousand tonnes or 3.6% compared to July. Ukraine remains a guarantor of food security in the world. In August, Ukraine exported more than 2.2 mln tonnes of wheat worth $420.4 mln. After the record-breaking figures of February 2024, this is the second record-breaking figure in terms of both volume and value since the beginning of the full-scale invasion,’ said Yulia Svyrydenko, First Vice Prime Minister of Ukraine and Minister of Economy of Ukraine.

In the agricultural sector, the largest volumes of shipments were of rapeseed – 878.9 thousand tonnes worth $421.3 million, wheat – 2.24 million tonnes worth $420.4 million, sunflower oil – 226.9 thousand tonnes worth $203.1 million, and corn – 774.5 thousand tonnes worth $137.4 million.

Industrial products dominated the structure of Ukrainian exports:

• iron ores and concentrates – 2.51 million tons, for $201.4 million;
• steel semi-finished products – 198.5 thousand tons for $99.9 million;
• flat rolling – 139.7 thousand tons for $82.4 million;
• pipes made of ferrous metals – 38,000 tons for $54.6 million.

In January-July, Ukraine’s trade turnover totalled $61.7 billion. During the period, Ukraine imported goods worth $39.1 billion and exported goods worth $22.6 billion. The top three most exported goods were food products – $14.1 billion, metals and metal products – $2.5 billion, and mineral products – $2 billion.

In 2023, Ukraine’s trade turnover totalled $99.4 billion. In particular, the country imported $63.5 billion worth of goods and exported $36 billion. Taxed imports totalled $52.6 billion, accounting for 83% of total imported goods. Machinery, equipment and transport accounted for the largest share of imports ($19.8 billion), while food products accounted for the largest share of exports ($21.8 billion).