Business news from Ukraine

Metallurgical enterprises of Ukraine significantly reduced foreign exchange earnings from metal exports

14 October , 2022  

Metallurgical enterprises of Ukraine in January-September of this year reduced revenues from the export of ferrous metals by 31% compared to the same period last year – up to $3 billion 965.813 million.

According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 11.99% of total merchandise export earnings over this period, compared to 21.33% in January-September 2021.

In September, proceeds from the export of ferrous metals amounted to $241.452 million.

At the same time, Ukraine in January-September of this year reduced imports of similar products by 38.2% – to $667.329 million. In September, it was imported for $108.237 million.

In addition, during the specified period, Ukraine reduced the export of metal products by 25.4% – to $805.118 million. In September, they were delivered for $337.429 million.

Imports of metal products in January-September decreased by 40.7% – to $467.689 million (in September – $54.5 million).

As reported, Ukraine in 2021 increased foreign exchange earnings from exports of ferrous metals by 81.4% compared to 2020, to $13 billion 951.117 million. Ferrous metals accounted for 20.49% of total revenues from exports of goods over this period against 15 .63% for 2020.

At the same time, Ukraine increased imports of similar products by 48.8% in 2021, to $1 billion 547.477 million.

In addition, Ukraine in 2021 increased the export of metal products by 43% – up to $1 billion 293.199 million.

Imports of metal products over the past year increased by 28% – up to $1 billion 125.908 million.