Ukraine Export Statistics 2022 18 Key Figures

Ukraine’s Export Statistics allow people all over the world to know its situation despite the invasion of Russia

In this article, we will tell you the figures regarding Ukraine’s export statistics amidst the ongoing war. We will discuss the relevant factors regarding Ukraine’s export that will let you know more about its situation. 

Once you finish reading this article, you will have in-depth knowledge about the factors that are affecting Ukraine’s export currently. You will also know how war can severely impact other countries. 

The Two Fundamental “Fs”of Commodity Markets

Many experts are concerned about the two fundamental ‘Fs’ in the market which are fuels and foods. Ukraine and Russia are global players in the agri-food markets as they represent 53%  of global trade in sunflower seeds and oils and 27% in wheat. 

The rapid escalation of the situation is alarming for developing countries. Additionally, many African countries, including the least developed countries, import more than one-third of their wheat from the two countries at war. 

According to UNCTAD, more than 5% of the poorest countries’ import baskets consist of products that are likely to face a price hike due to the war. 

The risk of food shortages, civil unrest, and inflation-induced recessions is likely to happen due to the fragile state of the global economy and developing world because of COVID-19 and the war between Russia and Ukraine. 

Shortages and Supply Chain Disruptions

The food crisis is the most alarming concern because of the war between Ukraine and Russia. The prices of wheat and other grains have skyrocketed already. 

In a 2019 report, the combined exports of Russia and Ukraine accounted for 25% of the world’s wheat exports and 14% of corn shipments. Many countries are dependent on these flows like the Republic of Congo which relies on imports from the Black Sea region for 67% of the wheat it consumes. 

After food prices soared, energy prices also increased. Russia is one of the world’s biggest energy suppliers as it provides 14% of its crude oil and 9% of its natural gas globally. 

Additionally, the war and sanctions imposed have severed key transport links between Russia and Ukraine and the rest of the world which disrupt the trade broadly.

Disruptions to the supply chain have caused input shortages and price hikes. Export restrictions reduced the global supply while import liberalization measures and subsidies increased the demand. 

The huge possible risk is the disruption to the production or transportation of seeds and grains from Russia and Ukraine. 

Alongside higher prices due to food trade disruption, it could cause increased hunger and food insecurity, especially for low-income countries. 

What Might be The Long-Term Effects of The WarBetween Russia and Ukraine?

Many experts fear that the war may weaken the engine of growth and development through globalization. The analysis of the World Bank shows that many firms will reassess geopolitical risks and may move production away from countries they may find riskier in doing business with. 

However, given the capital of firms, the cost of searching for alternatives will likely be a slow process rather than a sudden change. Thus, it will not result in a reversal of globalization unless it is supported by governments around the world. 

The big risks come from policies that aim at fragmenting the trading system rather than defusing the tensions and strengthening global value chains against future disruptions. 

Ukraine Export Statistical Figures in 2022 That You Should Know

1. Ukraine’s exports of goods reached $14 billion in the first quarter of 2022.

2. According to the data from Ukrainian media outlets, the export of agricultural products from Ukraine declined by 7% from January to June 2022 year on year. 

3. According to the Ukrainian State Statistics Service, the foreign trade balance was negative in February 2022.

4. Ukraine’s exports reduced by 57.9% in March of 2022

5. Over 90% of  Ukraine’s crop exports were channeled through ports at the Azov and the Black Seas.

6. Ukraine’s total exports dropped 41% year on year in June 2022.

7. Ukraine’s total exports recorded $2.9 billion in July 2022.

8. Data shows that Ukraine exports in July 2022 to June 2023 season included 3.4 million tonnes of corn.

9. Ukraine exported 15,700 tonnes of sunflower oil in July 2022 which is 15% more than what it exported in June. 

10. Some agricultural exports are slower than they were over the same period in 2021.

11. More than 13% of global corn exports and 5% of wheat exports come from Ukraine. 

12. Ukraine’s wheat export slumped 53% on year to 325,000 metric tonnes in the marketing year 2022 to 2023. 

13. Ukraine’s grain exports are down 46% year on year at 2.65 million tonnes. 

14. Ukraine’s grain exports have fallen since the start of the war due to the fact that the Black Sea Ports were closed off. 

15. At the end of July, three Black Sea ports were opened under the deal between Moscow and Kyiv brokered by the United Nations and Turkey which made it possible for Ukraine to export hundreds of thousands of tonnes of grains. 

16. Ukraine exported 1.5 million tonnes of grain in the first 13 days of the month of September. 

17. The exports were 40% less in the first week of September compared to the data last year. 

18. As of September 12, 2022, over 28% of Ukrainian agricultural exports in the Black Sea had decreased to low and lower-middle-income countries. 

Frequentlyasked questions

+ What are Ukraine’s Export Statistics?

The export statistics of Ukraine will show you the performance of its exports amidst the war.

+ What is the importance of the Black Sea to Russia and Ukraine?

The Black Sea is an important crossroads and strategic intersection for both Russia and Ukraine.

+ How can war affect globalization?

The war may weaken globalization as many firms will reassess geopolitical risks in the years to come. 

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