About past, present and future of Ukraine

Main Business — Odessa region foreign economic activity

Business

Odessa region foreign economic activity

19 Oct, 2021
216
Odessa region foreign economic activity

Share this article


In January-July 2021, exports of goods amounted to 680.1 million dollars. US dollars, import: - 1217.5 million dollars. Compared to January-July 2020 exports decreased by 3.1% (down by USD 22.1 million), imports - increased by 12.7% (up by USD 137.3 million). The negative balance amounted to 537.4 million dollars (in January-July 2020, also negative: - 378.0 million US dollars).

Based on the materials of Main Directorate of Statistics in Odessa region.


The basis of the commodity structure of the region's exports were:

  • Fats and oils of animal or vegetable origin.
  • Cereals.
  • Ready-made food products.
  • Base metals and articles thereof.
  • Machines, equipment, and mechanisms.
  • Electrical equipment.
  • Land vehicles, aircraft, floating vehicles.

In the total volume of exports of goods compared to January-July 2020. the share of animal or vegetable fats and oils, alcoholic and non-alcoholic beverages and vinegar, plastics, polymeric materials, ferrous metal products, and ships increased. Instead, the share of grain crops, fertilizers, ferrous metals, nuclear reactors, boilers, machines, railway locomotives, optical and photographic devices, and apparatus decreased.

The volume of exports of goods to the countries of the European Union (EU) was 201.8 million dollars, or 29.7% of total exports, and increased compared to January-July 2020. at 25.3%.

The most significant volumes of exports to the EU countries were products of the agro-industrial complex and food industry - 56.2% of total exports, base metals and articles thereof - 14.3%, land vehicles, aircraft, floating vehicles - 12.9%, machines, equipment, and mechanisms; electrical equipment - 9.2%.

The most important export deliveries of goods among the EU member states were made to Bulgaria, Spain, Italy, the Netherlands, Romania, Poland, Germany and France.

The most significant exports were China, the Russian Federation, Turkey, the Republic of Moldova, India, Israel, Saudi Arabia, Oman and Belarus.

Among the largest partner countries, exports to Malta increased 72.7 times, Oman - 3.7 times, Portugal - 3.6 times, Australia - 3.2 times, China - 3.0 times, Lithuania - 2.4 times, Romania - 2.3 times, Israel and Italy - 1.6 times. At the same time, deliveries to the Bahamas decreased by 99.8%, the Marshall Islands - by 99.4%, Indonesia - by 64.3%, Qatar - by 64.1%, Bangladesh - by 61.3%, Turkey - by 61.0%, Jordan - by 56.0%, Egypt - by 52.6%.

The basis of the region's imports' commodity structure was machines, equipment, and mechanisms; electrical equipment, mineral fuels, oil and products of its distillation, means of land transport, except rail, fats, and oils of animal or vegetable origin edible fruits and nuts.

In the total volume of imports of goods compared to January-July 2020. The share of edible fruits and nuts, cereals, synthetic staple fibers, knitted fabrics, clothing and accessories for clothing, knitted and textile, footwear, base metals and articles thereof, machinery, equipment and mechanisms decreased; electrical equipment, railway locomotives, aircraft, devices and apparatus of optical, photographic, furniture. The share of fats and oils of animal or vegetable origin, mineral products, fertilizers, plastics, polymeric materials, ceramics, land vehicles, except for railways, increased.

Imports of goods from EU countries amounted to 312.2 million dollars, or 25.6% of total exports, and increased compared to January-July 2020. at 39.9%.

The most significant volumes of imports of goods from EU countries were: mineral products - 26.5%, machinery, equipment, and mechanisms; electrical equipment - 19.2%, products of chemical and related industries - 12.6%, land vehicles, aircraft, floating vehicles - 9.1%, finished food products - 8.4%.

Among the EU countries, the most important imports of goods came from Italy, Germany, Spain, Poland, Greece, Austria, Slovakia and Bulgaria.

The most important imports of goods came from China, Turkey, Indonesia, the Russian Federation, Belarus, the United States, Ecuador and the Republic of Moldova.

Compared to January-July 2020, Imports of goods among the largest partner countries increased from Austria - 3.5 times, Slovakia - 3.0 times, Spain - 2.2 times, Greece, Moldova, Ecuador - 2.0 times, Indonesia - 1, 9 times, Belarus - 1.8 times. At the same time, deliveries of goods from the Philippines decreased by 54.0%, Chile - by 44.7%, Iran - by 34.6%, Costa Rica - by 34.3%, China - by 21.7%, the Russian Federation - by 26.2%.


The Odessa Journal

The Odessa Journal

more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...