Ukraine Import Statistics 2022 18 Key Figures

Ukraine’s import statistics are a very hot topic, especially due to the war between Russia and Ukraine.

In this article, we will discuss the status of Ukraine’s import statistics. We will check how its imports are doing in the national market and what factors affect its imports. 

Once you finish this article, you will know Ukraine’s import statistics which will allow you to grasp the situation of its imports in the country. This will allow you to know how Ukraine’s imports can affect other nations. 

The Disruption of Critical ImportsDue to The War Between Russia And Ukraine

There are many countries that have been affected by the war between Ukraine and Russia, especially African countries that rely on Russia and Ukraine for critical imports such as wheat, steel, and fertilizers. A disruption in these imports can severely affect African countries. 

For example, Kenya imports almost 30% of its wheat from Ukraine and Russia. A supply chain disruption will affect the production of bread in Kenya which is the third most consumed food item in the country. 

Also in Cameroon, it imported 44% of its fertilizer from Russia in 2021. In West Africa, many analysts feared that the disruption could seriously impact its crop yields and food security due to its planting season. 

In Ghana, 60% of all its iron ore and steel imports come from Ukraine. Due to the war, the construction industry in Ghana may face significant challenges. 

Decreasing Supplies, Increasing demands, And The Need For More Trade

Both countries at war, Russia and Ukraine, are key suppliers of essential goods such as energy, fertilizers, and food supplies which are now threatened.

Additionally, grain shipments through the Black Sea ports have stopped due to the war. Thus, having possible dire consequences, especially for poorer countries. 

Due to these disruptions, there will be smaller supplies and higher prices for food. Thus, the world, especially those who live in the least developed countries, will be unable to buy food to eat. 

Also, the war between Russia and Ukraine is adding up to the other factors impacting global trade which include the COVID-19 lockdowns and restrictions. 

Ms. Ngozi Okonjo-Iweala, the director-general of the WTO, states that more trade is necessary to ensure stable and equitable access to essential goods in a crisis. Restricting trade will threaten the well-being of many families and businesses and cause more distress in creating a durable economic recovery from the COVID-19 pandemic. 

No Regions Will Be Spared From The Effects of WarBetween Russia And Ukraine

For the rest of the world, the economic consequences will be felt through the price hike which will add more fuel to the existing inflationary pressures. 

When the prices of commodities increase, net importers of energy and food products will be affected badly by the looming major supply disruptions in the event of an even greater escalation of conflict between Russia and Ukraine. Additionally, the drop in demand from Europe will impede global trade. 

The countries in Asia-Pacific will feel the impact immediately through higher import prices, especially energy prices with many economies in the region being net importers which are led by India, Japan, China, Thailand, South Korea, and Taiwan. 

In North America, the impact will mostly be felt through the price channel and through the hindrance of European growth. Despite the predicted slower economic growth and higher inflation, the recent geopolitical circumstances will not significantly affect monetary policies in North America currently. 

Ukraine Import Statistical Figures in 2022 That You Should Know

1. Ukraine is one of the largest suppliers of rhodium and crude oil which are likely to cause major bottlenecks in supply chains that need these inputs. 

2. Ukraine’s global goods imports only amount to 0.3%.

3. Ukraine normally supplies almost half of the cereals and vegetable oils and a quarter of the poultry meat imported to Europe.

4. Ukraine will lose the most in terms of GDP while Russia will feel the impact due to the sanctions in place. 

5. The war in Ukraine will likely have the greatest impact on regions that are dependent on its wheat imports. 

6. Ukraine and Russia supply more than two-thirds of imports in Lebanon, Egypt, and Libya. 

7. In March 2022, imports from Ukraine decreased by 10% in value. 

8. Ukraine suspended the value-added tax and customs duties on imports for the period of martial law on March 20, 2022.

9. Europe is loading up on cheaper Brazilian ethanol to cope with the energy crisis triggered by the war in Ukraine. 

10. In May of 2022, the European Union (EU) lifted all import duties on Ukrainian goods for a year including agricultural and industrial products. 

11. In June 2022, Ukrainian pork imports jumped by 46% compared to May. 

12. Ukraine’s total imports dropped 15.1% year on year in August 2022. 

13. Ukraine may need electricity imports to get through the winter after the attack that destroyed 30 to 40% of power infrastructure in October 2022.

14. Import-dependent countries with low per capita incomes are vulnerable to shocks due to the war between Russia and Ukraine.

15. Ukraine expected import of maize is at 12.8 tons in October compared to the 10.4 million tons forecasted in September.

 16. The EU imports 52% of its maize from Ukraine.

17. Ukraine is a major source of imported cereals in the many Member States.

18. High corn imports from Ukraine will likely be supplemented by the USA.

Frequentlyasked questions

+ What are Ukraine's import statistics?

The import statistics of Ukraine will show you the performance of its imports amidst the war.

+ How can war severely affect African countries?

The war can severely affect African countries as they heavily rely on imports from both Russia and Ukraine.

+ What is the Black Sea Grain Initiative?

The Black Sea Grain Initiative is an agreement that gets vital supplies to move through the Black Sea from and to Ukraine. 

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