Business news from Ukraine

Business news from Ukraine

Ukraine reduced nickel imports in seven months of 2023

According to the State Statistics Committee, Ukraine in the first seven months of 2023 reduced imports of nickel and nickel products by 77.3% compared to the same period of 2022 – to $8.439 million (in July – $732 thousand).
Ukraine in 2022 reduced imports of nickel and nickel products by 49.9% compared to 2021 – to $59.754 million, 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.

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Ukraine imported $11m worth of copper in January-July

Ukrainian companies in January-July this year increased imports of copper and copper products in value terms by 95.6% compared to the same period last year – up to $67.313m.

According to customs statistics released by the State Customs Service of Ukraine, exports of copper and copper products for the period decreased by 26.4% to $43.924 million.

In July, $11.024m worth of copper was imported and $4.491m worth of copper was exported.

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Ukraine has reduced exports of steel semi-finished products by 76%

Ukraine in January-July this year reduced exports of semi-finished carbon steel products in physical terms by 76.4% compared to the same period last year – to 658.729 thousand tons.

According to statistics released by the State Customs Service (SCS), in monetary terms, exports of semi-finished carbon steel products for this period amounted to $354.178 million (down 62.9%).

The main exports were to Bulgaria (33.71% of shipments in monetary terms), Poland (31.62%) and Turkey (7.45%).

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

As reported, in 2022 Ukraine in physical terms reduced exports of semi-finished carbon steel products by 72% in comparison with the previous year – to 1 million 899.729 thousand tons, in monetary terms by 70.9% – to $1 billion 191.279 million. The main exports were 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 mln. Imports were made from Russia (96.92% of supplies – before the war), China (1.84%) and Romania (1.21%).

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Ukraine earned more than $1.6 bln from ferrous metal exports in 7 months of year

Metallurgical enterprises of Ukraine in January-July this year reduced revenues from ferrous metal exports by 53.6% compared to the same period last year – to $1 billion 621.038 million.
According to statistics released by the State Customs Service (SCS) on Tuesday evening, ferrous metals accounted for 7.44% of total receipts from exports of goods during this period, while for 7M-2022 – 13.61%.
In July, revenues from ferrous metals exports amounted to $206.685 million, while in the previous month – $277.888 million.
At the same time, Ukraine has increased imports of similar products by 51.8% – up to $718.782 million in seven months of this year. In July, $112.462 million worth of products were imported.
In addition, in January-July Ukraine reduced exports of metal products by 11.3% compared to the seven months of the previous year – to $561.009 million. In July they were exported for $59.195 million.
At the same time, imports of metal products for the first seven months of the year increased by 23.3% to $432.906 million. In July, Ukraine received $73.702 million worth of these products.
As reported, the country’s metal enterprises in the first half of the year-2023 reduced revenues from exports of ferrous metals by 56.1% compared to the same period last year – to $1 billion 414.354 million. For 5 months-2023 the lag was 60.7%, for 4 months-2023 the decrease was 3.2 times.
Ukraine’s metal enterprises in 2022 decreased revenues from ferrous metal exports by 67.5% compared to 2021, to $4 bln 533.088 mln. 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.

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Change in prices of food raw materials from Ukraine (forecast up to 2025), %

Change in prices of food raw materials from Ukraine (forecast up to 2025), %

Source: Open4Business.com.ua and experts.news