In eleven months of 2024, the Export Credit Agency of Ukraine (ECA) supported UAH 7.22 billion of exports. This is almost UAH 2 billion more than in the same period last year, said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.

“Supporting and developing non-resource exports is one of the key areas of the Made in Ukraine policy. Over eleven months, the ECA has insured UAH 1 billion of export credits, supporting UAH 7.22 billion of exports. This is almost UAH 2 billion more than in January-November 2023. It is important that one hryvnia of insurance liability was converted into UAH 7.83 of future export revenue,” said Yuliia Svyrydenko.

The top regions in terms of supported exports for 11 months of 2024 were:

• Kyiv city – UAH 3.8 billion of supported exports, UAH 304 million of loans issued;
• Lviv region – UAH 1.25 billion of supported exports, UAH 147 million of loans;
• Vinnytsia region – UAH 702.8 million of supported exports, UAH 183 million of loans.

This year, eight banks insured their clients’ loans with the ECA. Ukrgasbank ranked first in terms of supported exports over 11 months (UAH 2.9 billion), PUMB was second (UAH 1.78 billion), and MTB Bank was third (UAH 980 million).

The most popular destinations for Ukrainian exports were Poland, the UAE, Azerbaijan, Germany, and Slovakia. The largest export volumes were for milk and dairy products, wood and wood products, and processed vegetables and fruits.

Background

The tools of the Export Credit Agency of Ukraine are one of the elements of the Made in Ukraine policy. Its goal is to support non-resource exports, develop production facilities and attract investment in the real sector.