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Every fifth Ukrainian business has lost its exports because of the war: a survey

Author
Ivan Chernov

Every fifth Ukrainian business has failed to renew its exports because of the full-scale war, as evidenced by a survey by the Institute for Economic Research and Policy Consulting.

Ukrainian business executives were polled in May as part of the Ukrainian Business in Wartime survey, yielding the following results:

  • 19% of enterprises that were
  • exporting before the start of the war could not resume exports during the last 12 months;
  • 80% of export businesses continued to export during the last 12 months, but the war limited the recovery of exports;
  • 59% of businesses do not expect changes in the volume of exports in the coming months;
  • 37% expect exports to grow, while 3% expect them to shrink.

The main obstacles for exporters in May 2023 were:

  • queues at the western borders of Ukraine (68%);
  • maritime blockade (44%);
  • lack of railway wagons/trucks/drivers (33%);
  • customs formalities (33%).

Experts are concerned about the situation with the recovery of exports due to problems with logistics and free access to the sea caused by the war.

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Tags
business during the war