Business news from Ukraine

Ukraine has increased copper imports by 90%

9 October , 2023  

In January-September this year, Ukrainian companies increased imports of copper and copper products by 89.7% in value terms compared to the same period last year, to $90.098 million.

According to customs statistics released by the State Customs Service of Ukraine, exports of copper and copper products decreased by 22.8% to $55.019 million over the period.

In September, the company imported copper worth $12.810 million and exported $4.822 million.

In addition, in the first nine months of 2023, Ukraine reduced imports of nickel and products by 76.4% compared to the same period in 2022 to $11.632 million ($595 thousand in September), while imports of aluminum and aluminum products increased by 14.8% to $274.988 million ($31.004 million).

At the same time, it reduced imports of lead and lead products by 63.6% to $872 thousand ($151 thousand), imports of tin and tin products by 26.4% to $2.052 million ($419 thousand), but increased imports of zinc and zinc products by 20.4% to $33.988 million ($5.213 million).

Exports of aluminum and aluminum products in January-September of this year decreased by 5.6% compared to the same period last year to $71.630 million (in September – $8.344 million), lead and lead products increased by 19.4% to $11.190 million ($1.324 million), nickel and nickel products amounted to $256 thousand ($55 thousand), while in 9 months. 2022 it was $1,079 million.

Zinc was exported abroad for $88 thousand over nine months (no deliveries were made in September) against $1.302 million in January-September 2022. Exports of tin and products amounted to $57 thousand ($3 thousand in September) against $420 thousand in 9M2022.

As reported, in 2022, Ukrainian enterprises reduced imports of copper and copper products in value terms by 64.3% compared to the previous year – to $65.370 million, while their exports decreased by 56.3% to $90.245 million.

In addition, in 2022, Ukraine reduced imports of nickel and nickel products by 49.9% compared to 2021, to $59.754 million, and aluminum and aluminum products by 33.4%, to $340.398 million. At the same time, it reduced imports of lead and lead products by 66.6%, to $2.839 million.

Imports of tin and tin products fell by 33.5% to $3.312 million, and imports of zinc and zinc products decreased by 58.7% to $38.690 million.

In 2022, exports of aluminum and aluminum products decreased by 42.7% compared to 2021, to $96.972 million, lead and lead products – by 68.7%, to $11.970 million, and nickel and nickel products – by 73.9%, to $1.268 million.

Zinc exports in 2022 amounted to $1.331 million, while in 2021 they amounted to $550 thousand. Exports of tin and products in 2022 amounted to $424 thousand, compared to $346 thousand in the previous year.

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