Ukraine’s April Exports Surge to $3.3 Billion, Outpacing Pre-War Levels

Ukraine exported over 13 million tons of products in April, worth $3.3 billion, exceeding February 2022 levels, according to Economy Minister Yulia Svyrydenko.

“The measures taken by the Government of Ukraine together with our international partners to restore and increase exports are yielding excellent results,” Svyrydenko said on May 1.

“In April, we achieved a record export volume of 13.1 million tonnes since Russia’s full-scale invasion of Ukraine. This is 1.3 million tonnes more than in March. And more than Ukraine exported in February 2022,” she noted.

The growth in export figures was influenced, in particular, by Ukraine’s establishment of an alternative sea corridor last summer, which allows for the export of grain and metals, among other things, Svyrydenko added. The UNITY ship insurance program, created jointly with the British government and a pool of insurance companies, is also contributing to the prospects for realizing Ukraine’s export potential.

The expansion of the capacity of the “solidarity lines,” primarily with Moldova and Romania, and the improvement of conditions for transporting goods by rail to Danube ports also had a positive impact on export figures.

The head of the Ministry of Economy of Ukraine also noted that the government is working to increase export volumes, primarily of non-raw materials.

In March 2024, Ukrainian President Volodymyr Zelenskyy stated that almost 30 million tons of cargo had already passed through the alternative “grain corridor” that began to be created in the Black Sea after Russia’s withdrawal from the “grain agreement” in 2023.