Business news from Ukraine

Business news from Ukraine

Ukraine again began exporting coke, while imports decreased by 86%

Ukraine in January-April this year decreased the export of coke and semi-coke in physical terms by 73.6% compared to the same period last year to 668 tons.
According to statistics released by the State Customs Service (SCS), Ukraine did not export coke in January-March this year, as it did in December last year. All exports for the four months of 2023 came in April. In monetary terms, it fell by 77.6%, to $170 thousand.
Ukraine imported 32,168 thousand tons of coke and semi-coke in January-April 2023, down 86.2% from the same period in 2022. In monetary terms, imports fell by 86.2% to $16.095 million.
Exports were to Moldova (100% of supplies in monetary terms) and imports were mainly from Poland (91.29%), Hungary (5.14%) and Colombia (3.56%).
As earlier reported, in 2022, Ukraine reduced the export of coke and semi-coke in volume terms by 98% compared with the previous year – up to 3.856 tons, in monetary terms by 97.6% – to $1.011 million. The main export was carried out in Hungary (42.63% of supplies in monetary terms), Georgia (37.69%) and Turkey (17.41%).
Ukraine imported 359.192 thousand tons of coke and semi-coke in 2022, down 54.5% compared to 2021. In monetary terms, imports decreased by 50.3% to $174.499 million. Imports were mainly from Russia (43.43% of supplies in monetary terms, before the war), Poland (30.07%) and the Czech Republic (13.15%).
Due to the war, a number of mines and coke plants are located in territories temporarily outside Ukrainian control.

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Change in consumer prices in March 2023

Change in consumer prices in March 2023

Source: Open4Business.com.ua and experts.news

Ukraine in January-April reduced foreign exchange earnings from ferrous metals exports by more than 3 times

Metallurgical enterprises of Ukraine in January-April this year reduced revenues from ferrous metals exports by 3.2 times compared to the same period last year – to $823.406m.
According to the statistics released by the State Customs Service (SCS), during this period, ferrous metals accounted for 6.18% of total revenues from the export of goods against 15.65% in January-April 2022.
In April, proceeds from exports of ferrous metals amounted to $239.718 million, while in the previous month – $226.613 million.
At the same time for four months of this year, Ukraine increased imports of similar products by 27.4% – to $360.802 million. In April, $100.221 million worth of products were imported.
In addition, in January-April, Ukraine reduced exports of metal products by 0.6% – to $334.065 million. In April, they exported by $90.859 million.
At the same time, imports of metal products in the first four months of the year increased by 11.1% – to $221.719 million. In April, Ukraine exported these products at $47.423 million.
As reported, metallurgical enterprises of Ukraine in the first quarter of 2023 decreased export revenues of ferrous metals in four times compared to the same period of 2022 – to $ 583.689 million from $ 264.56 million. During this period, the country increased imports of similar products by 4.5% – to $ 260.487 million.
In addition, in January-March, Ukraine reduced exports of metal products by 9.6% to $243.726 million and imports by 30.1% to $174.191 million.
Ukraine’s metal companies in 2022 decreased revenues from exports of ferrous metals by 67.5% compared to 2021 – up to $4 billion 533.088 million – ferrous metals accounted for 10.26% of total revenues from the export of goods during this period against 20.49% in 2021. At the same time, Ukraine has reduced imports of similar products last year 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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Ukraine increased exports of pig iron by 18%

Ukraine in January-April of this year increased the export of pig iron in physical terms by 18.3% compared to the same period last year – up to 533.844 thousand tons.
According to statistics released by the State Customs Service (SCS), exports of pig iron in monetary terms amounted to $203.125 million (a decrease of 7.7%) for the period.
At that, export was carried out mainly to Poland (60.42% of supplies in monetary terms), Spain (15.23%) and the Czech Republic (9.84%).
During the first four months of the year, Ukraine imported 32 tons of pig iron worth $42 thousand from Germany (52.38%) and Brazil (47.62%), whereas in January-April 2022, the country imported 15 tons of pig iron worth $25 thousand from Germany.
As reported, in 2022, Ukraine reduced the exports of pig iron in volume terms by 59% compared to the previous year – up to 1 million 325.275 tons, in monetary terms by 61.1% – to $638.774 million.
In 2022, Ukraine imported 40 tons of cast iron worth $23 thousand, while in 2021 – 185 tons of cast iron worth $226 thousand.
Exports were mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%) and Turkey (8.12%), and imports were from Germany (100%).

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Ukraine cuts imports of nickel ores by 98%

Ukraine in January-April of this year reduced the import of nickel ores and concentrates in physical terms by 97.5% compared to the same period last year – up to 7.238 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, imports of nickel ores decreased by 98% to $257,000 during the period.
Imports were from Guatemala (100% of shipments in monetary terms).
Ukraine did not export or re-export this product in January-April, both this year and last year.
As it was reported, in 2022, Ukraine reduced the imports of nickel ores and concentrates by 71.9% in physical terms compared to the previous year – up to 346.719 thousand tons. In monetary terms, imports of nickel ores decreased by 73.8% to $15.428 million. Imports were from Guatemala (100% of deliveries in monetary terms).
For 2022, like in 2021, Ukraine did not export or re-export this product.
Ukraine imports nickel ore from Pobuzhsky Ferronickel Plant (PFK, part of Solway Group).
PFC processes about 1.2 million tons of ore per year.

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Ukraine has increased exports of scrap metal almost fivefold

Ukrainian companies in January-April this year increased the export of scrap ferrous metals in 5 times compared to the same period last year – up to 56.449 thousand tons from 12.470 thousand tons.

According to statistics, promulgated by the State Customs Service (SCS), exports of scrap metal for the period amounted to $16.684 million (an increase of 3 times) in monetary terms.

However, in March and April, there was an increase in exports of scrap metal: if about 8.28 thousand tons of scrap metal was exported in January and 16.5 thousand tons in February, then in March – 15.45 thousand tons and in April – about 16.19 thousand tons.

Exports of scrap metal in January-April 2023 was carried out in Poland (97.37%), the Netherlands (1.10%) and Slovakia (0.67%).

In the first two months of the year, the country did not import scrap metal, in March-April, 176 tons of scrap metal worth $64 thousand (49.23% from Slovakia, 21.54% from Moldova and 15.38% from the Netherlands).

Earlier, Alexander Kalenkov, president of Ukrmetallurgprom, stated in his column on Interfax-Ukraine that scrap metal is exported via the European Union, where a preferential export duty of EUR3 per ton operates, and from there the raw material is redirected to actual customers. It would cost EUR 180 export duties if the scrap metal was exported directly to the customers – and the Ukrainian budget has already lost 350 million hryvnias on it.

According to him, the State Bureau of Investigation has already taken interest in such export schemes.

The head of “Ukrmetallurgprom” urged to temporarily ban the export of scrap ferrous metals to provide the strategically important raw materials in the ongoing war.

“If scrap metal will remain in the country – more than 500 thousand people will have jobs, and the country will have millions of foreign exchange earnings from the export of steel. At the same time, the military also benefits, because metallurgists help the fighters a lot by buying equipment and cars for them, and even producing body armor. Nobody benefits from the export of scrap metal. That is why now the authorities should be proactive and temporarily ban the export until the situation stabilizes and stops threatening the national economic security,” says Kalenkov.

He noted that a ton of scrap metal, processed into steel, provides 10 times more to the budget than the export duty in the EU – about $300 per ton.

As reported, Ukraine in 2022, reduced exports of scrap ferrous metals in 11.5 times compared to the previous year – up to 53.557 tons, in monetary terms down to 12.4 times – to $ 19.271 million. At the same time last year, the country reduced the import of scrap metal in kind by 12.6 times – to 1.824 tons. Imports of scrap metal in 2022 was carried out mainly from Turkey (78.92% of supplies in monetary terms), Russia (13.25%) and Cyprus (5.08%), while exports – to Turkey (38.97%), Poland (34.25%) and Greece (10.12%).

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