MainNews -

Minister of Economy: Ukraine reaches pre-war export levels

In April, Ukraine exported a record volume of goods.

Minister of Economy: Ukraine reaches pre-war export levels
Yuliya Svyrydenko, First Vice Prime Minister and Minister of Economy of Ukraine
Photo: Oleh Pereverzev

First Deputy Prime Minister and Minister of Economy Yuliya Svyrydenko said that last month exports totalled over 13 million tonnes, surpassing the figures for February 2022. In monetary terms, exports reached $3.3 billion in April.

This was reported by the press service of the Ministry of Economy of Ukraine.

‘The measures taken by the Government of Ukraine together with our international partners to restore and increase exports are giving excellent results. In April, we reached a record export volume of 13.1 million tonnes since Russia's large-scale invasion of Ukraine. This is 1.3 million tonnes more than in March. And more than Ukraine exported in February 2022. We continue to work on increasing exports, especially non-resource exports, as this is an important component of our Made in Ukraine policy. Together with the increase in production and investment in the real sector, this will contribute to the development of the economy,’ said Yuliya Svyrydenko.

According to her, the growth in exports was influenced, in particular, by the opening of an alternative sea corridor last summer, which allows Ukraine to export grain and metal, among other things. The UNITY ship insurance programme, created jointly with the British government and a pool of insurance companies, also contributes to the prospects of realising Ukraine's export potential. Exports were positively affected by the expansion of the capacity of the Solidarity Lines, primarily with Moldova and Romania, as well as improved conditions for transporting goods by rail to the Danube ports.

The agency reminded that on 1 March, during the visit of the Ukrainian delegation to the UK, it was announced that the UNITY Affordable Ship Insurance Programme, implemented by Marsh McLennan and Lloyd's of London in cooperation with the Ukrainian government, had been expanded. The programme covers not only the maritime transport of grain and other important foodstuffs, but also ships carrying all non-military cargo, including metal ships, and insurance is available for container shipping.

Read news on social networks Facebook, Twitter and Telegram