As of 1 April 2024, Export Credit Agency (ECA) supported Ukrainian exports for the amount of UAH 627 million. Domestic exporters, in cooperation with ECA, attracted UAH 99.8 million in financing from partner banks during this period. This was announced by Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine.

“Supporting and developing processing companies that export their products to other countries is one of the priorities of the Made in Ukraine policy. After all, the growth of domestic exports contributes to an increase in production, and with it the creation of new jobs in the economy. As part of the Made in Ukraine programme, we plan to promote Ukrainian goods to foreign markets. Consumers around the world should know Ukrainian products. It should become a real symbol of quality for them,” Taras Kachka said.

The export support programme with the participation of ECA and partner banks was most often used by entrepreneurs from Vinnytsia region with future export revenues of UAH 243.2 million, the city of Kyiv (UAH 235.3 million) and Kharkiv region (UAH 33.7 million).

The most popular goods for sale abroad in the first quarter were toys and play equipment, clothing and various food products supplied to foreign counterparties in Germany, the USA and India.

Background:

PJSC Export Credit Agency was founded in 2018. The sole founder and shareholder of ECA is the state represented by the Cabinet of Ministers of Ukraine. The corporate rights owned by the state in the authorised capital of ECA are managed by the Cabinet of Ministers of Ukraine through its authorised management body – the Ministry of Economy of Ukraine.

The main goal of the agency is to support and stimulate the large-scale expansion of exports of goods (works, services) of Ukrainian origin. The institution protects Ukrainian exporters from the risk of non-payment and financial losses associated with the execution of foreign trade contracts, and provides a wide range of services to strengthen the credit policy of Ukrainian exporters and effectively manage their financial flows.

In 2023, with the support of ECA, Ukrainian exporters received over UAH 1 billion in financing.