Industrial production in Ukraine decreased by 2.9% in the first half of 2023, while last year the decline was 31.9%, the State Statistics Service (Ukrstat) reported.
The agency clarified that since March this year, industrial production has been growing: after a 51.2% jump in March, the recovery slowed to 18.2% in April, 17.9% in May, and 13.7% in June.
At the same time, the drop to pre-war January and February 2022 by 40% and 34.4%, respectively, led to a negative result for the first half of the year.
The State Statistics Service clarifies that the data excludes the temporarily occupied territories of Crimea and Sevastopol, as well as part of the temporarily occupied territories in Donetsk and Luhansk regions.
In terms of sectors, the statistical agency recorded the largest decline in January-June this year – 11.4% – in the supply of electricity, gas and steam, while in the mining industry it was 9.2%.
Metal ore production dropped the most – by 28.7%, while oil and gas production fell by only 2.7%, and coal production even recorded a slight increase of 0.8%.
Overall, production in the manufacturing industry also increased by 3.1% in the first half of the year.
This figure was driven by the production of motor vehicles (29.9%), machine building (12.9%), food processing (12.1%), furniture production, repair and installation of machinery (11.6%), production of rubber and plastic products (6.5%), and woodworking (4%).
The largest declines in the manufacturing industry were demonstrated by the production of coke and petroleum products (51.4%) and metallurgy (20.9%).
In nominal terms, in January-June 2023, Ukraine sold industrial products (goods and services) worth UAH 1549.66 billion, which is 6.5% more than in January-June 2022 (UAH 1455.125 billion), including UAH 282.363 billion abroad.
According to the report, the turnover of the mining and processing industry increased by 35% in June 2023 compared to June 2022.
In the total sales of industrial products for the six months of 2023, the manufacturing industry accounted for the largest share (56.2%), electricity, gas, steam and air conditioning (31.3%), mining and quarrying (11.4%), and water supply, sewerage and waste (1.1%).
As reported, industrial production in Ukraine fell by 36.9% in 2022, while in 2021, an increase of 1.9% was recorded.
