Ukrainian metallurgical enterprises in January-August this year reduced revenues from ferrous metal exports by 51.1% compared to the same period last year – to $1 bln 821.054 mln.
According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.44% of total export revenues during this period, while in 8M-2022 – 12.86%.
In August, revenues from ferrous metals exports amounted to $200.016 million, while in the previous month – $206.685 million.
At the same time, Ukraine has increased imports of similar products by 53% – up to $855.284 million in eight months of this year. In August, $136.466 million worth of products were imported.
In addition, in January-August Ukraine reduced exports of metal products by 11% compared to the eight months of the previous year – to $625.707 million. In August they were exported for $65.114 million.
At the same time, imports of metal products for the first eight months of the year increased by 24.8% to $515.548 million. In August, Ukraine received $82.645 million worth of these products.
As reported, metal enterprises of Ukraine in 2022 decreased revenues from exports of ferrous metals by 67.5% compared to 2021, to $4 billion 533.088 million. Ferrous metals for this period accounted for 10.26% of total revenues from exports of goods against 20.49% for 2021. At the same time, Ukraine last year reduced imports of similar products by 38.3% to $954.387 million.
In addition, in 2022, Ukraine reduced exports of metal products by 18.6% to $1 billion 52.512 million. Imports of metal products for the year fell by 42.9% to $643.162 million.
