Business news from Ukraine

Ukraine reduced exports of semi-finished steel products in tons by 51% over 8 months

11 September , 2023  

In January-August this year, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 50.9% year-on-year to 780,413 thousand tons.

According to the statistics released by the State Customs Service (SCS), exports of semi-finished carbon steel products amounted to $410.674 million in monetary terms over the period (down 59.3%).

The main exports were made to Bulgaria (35.79% of supplies in monetary terms), Poland (27.85%) and Romania (7.51%).

In January-August, Ukraine imported 92 tons of semi-finished products from China worth $169 thousand.

As reported, in 2022, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 72% compared to the previous year – to 1 million 899.729 thousand tons, and in monetary terms by 70.9% – to $1 billion 191.279 million. The main exports were made to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

In addition, Ukraine imported 5,558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

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