Business news from Ukraine

Business news from Ukraine

Ukraine significantly increased exports of semi-finished steel products in Jan-Sept

16 October , 2024  

In January-September this year, Ukraine increased exports of carbon steel semi-finished products in physical terms by 65.5% year-on-year to 1 million 529.919 thousand tons. According to statistics released by the State Customs Service (SCS) on Tuesday, exports of carbon steel semi-finished products increased by 59.1% to $758.627 million in monetary terms.

The main exports were to Bulgaria (31.05% of supplies in monetary terms), Egypt (20.80%) and Turkey (10.08%).

In January-September 2024, Ukraine imported 5 tons of semi-finished products from Egypt for $5 thousand, while in January-September 2023, it imported 92 tons of semi-finished products from China for $169 thousand.

As reported, in 2023, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).

In addition, in 2023, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%) for $172 thousand.

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