Business news from Ukraine

Business news from Ukraine

Ukraine reduced copper imports by 4% and exports by 40%

17 March , 2023  

Ukrainian companies in January-February this year, imports of copper and copper products in value terms decreased by 3.8% compared to the same period last year – up to $ 17.466 million.
According to customs statistics, released by the State Customs Service of Ukraine on Thursday, the export of copper and copper products for the period decreased by 39.7% – to $ 14.150 million.
In February, imported copper at $ 11.096 million, exported – to $ 7.743 million.
In addition, Ukraine in January-February 2023, imports of nickel and its products decreased by 95.3% compared to the same period in 2022 – to $ 1.156 million (in February – $ 844 thousand), aluminum and aluminum products – by 81.6%, to $ 14.373 million (in February – 7.596 million). At the same time, the imports of lead and lead products decreased by 89.9% to $204 thousand (in February – $173 thousand), while imports of tin and tin products dropped by 8.5% to $544 thousand (in February – $371 thousand) and zinc and zinc products – by 72.6% to $4.117 million (in February – $1.879 million).
Exports of aluminum and its products for the first two months of 2023 increased by 2.4 times to $53.512 million (in February – $26.983 million) compared to the same period last year, lead and lead products decreased by 50.4% – to $3.023 million (in February – $1.391 million) and nickel and products – $92 thousand (in February – $89 thousand), whereas in January-February 2022 it was $875 thousand.
Zinc exports during two months of the current year amounted $24 thsd. (in February – $23 thsd.), while in January-February 2022 it was $402 thsd. Tin exports and products totaled $18 thsd. (in February – $1 thsd.) against $33 thsd. in the same period last year.
As reported, the Ukrainian enterprises in 2022, imports of copper and copper products in value terms reduced by 64.3% compared to the previous year – up to $ 65.370 million, their exports decreased by 56.3% – to $ 90.245 million.
In addition, Ukraine has reduced imports of nickel and its products in 2022 by 49.9% compared to 2021 – up to $59.754 million, aluminum and its products – by 33.4% to $ 340.398 million, while the imports of lead and its products decreased by 66.6% – to $ 2.839 million.
Imports of tin and tin products fell by 33.5% to $3.312 million, while imports of zinc and zinc products decreased by 58.7% to $38.690 million.
Exports of aluminum and aluminum products for 2022 were down 42.7% from 2021, to $96.972 million, lead and lead products were down 68.7%, to $11.970 million, and nickel and nickel products were down 73.9%, to $1.268 million.
Zinc exports for 2022 were $1.331 million, up from $550,000 in 2021. Tin and products exports for 2022 were $424,000, up from $346,000 the previous year.

,