In Mykolaiv region, the advantage of exports over imports ensured profit

In Mykolaiv region, the 2.1-fold surplus of exports over imports resulted in a positive foreign trade balance. The profit amounted to USD 243.9 million.

This is evidenced by the data of the Department of Statistics in Mykolaiv region.

Foreign trade operations were carried out with partners from 104 countries.

In the first half of 2024, the volume of goods exports in the region amounted to USD 475.2 million. This is 7.7% less than in the same period last year. The volume of imports fell by 16.4% and amounted to USD 231.3 million.

The EU countries accounted for 51.5% of the region's total exports. Most goods were exported to Spain, Egypt, the Republic of Korea, the Netherlands, Turkey, Italy, Romania, and Poland.

Grain crops made up the bulk of the export structure and brought in $278.8 million. Seeds and fruits of oilseeds amounted to $49.5 million. Trade in fats and oils of animal or vegetable origin brought in $74.6 million, and finished food products - $40.3 million.

Goods were imported from 84 countries, mainly from China, Germany, Poland, Turkey, Italy, Ireland, Egypt, and Belgium. The EU countries accounted for 49.5% of the total regional imports.

PHOTO: Department of Statistics in Mykolaiv Oblast

Nuclear reactors, boilers, and machinery had a noticeable advantage in imports of goods, with $52 million. Land transport means, except for railways, amounted to $34.4 million, and fertilizers to $19.2 million.

In 2023, exports of goods from Mykolaiv region amounted to USD 1,000.7 million, or 60.9% compared to 2022.

At the same time, imports of goods to the Mykolaiv region amounted to $544.3 million, or 74.2% of the first year of Russia's open armed aggression against Ukraine. Foreign trade operations were conducted with partners from 117 countries.

The price for a ton of Mykolaiv wheat in the ports of Odesa region was $200-225. Current prices are half as much as in 2021, but twice as much as in 2022. Before the full-scale war, the price of wheat reached more than $400 per ton, in 2022 - $100-110 per ton. It also cost $50-70 to deliver the grain to the Danube ports.

Mykolaiv region is one of the regions of the country whose economy has suffered significantly due to the war. The occupation of some communities, the destruction of businesses and infrastructure, and the blocking of ports have unbalanced the region's economy and undermined the potential of entire industries. Foreign trade, agriculture, and shipbuilding were the most affected sectors.