Some interesting facts about the Ukraine:
Ukraine is a critical route for Russian oil flows into Eastern Europe
Ukraine moves Russian oil to Slovakia, Hungary and the Czech Republic. The country’s transit of Russian crude for export to the EU was 11.9 million mt in 2021, down from 12.3 million mt in 2020, while oil transit to Belarus remained unchanged at about 800,000 mt.
Last year, crude shipments via the southern branch of the Druzhba pipeline network included 5.2 million mt, or around 104,427 b/d, to Slovakia; 3.4 million mt, or around 68,279 b/d, to Hungary; and 3.4 million mt, or around 68,279 b/d, to the Czech Republic.
Ukraine is one of the world’s largest exporters of grains, with any disruption to supplies potentially impacting food security and prices.
Ukraine accounts for around 13% of global corn exports, being the world’s fourth-largest exporter and by far the largest exporter in Europe. Half of its exports go to the EU, with China another major importer. Much of these exports are used for animal feed, with the biofuel sector also likely to take a significant share.
The country accounts for around a tenth of global wheat exports, which have risen 27% so far in marketing year 2021-22 (July to end-June) to 16.1 million mt, as neighboring Russia increased its export taxes.
Steel and iron exports
Ukraine is the world’s 13th-largest producer of steel and the fifth-largest exporter of iron ore by volume.
Ukraine produced 21.4 million mt of crude steel in 2021. Some 80% of its steel output is exported.
It exported 44.4 million mt of iron ore products in 2021 and imported 9.85 million mt of metallurgical coal and coke products.