In January this year, Ukraine increased exports of semi-finished carbon steel products in physical terms by 5.8 times compared to the same period last year, up to 222.2 thousand tons from 38.341 thousand tons.
According to statistics released by the State Customs Service (SCS) on Friday, exports of carbon steel semi-finished products increased 5 times in monetary terms to $105.491 million from $20.897 million.
The main exports were to Bulgaria (37.07% of supplies in monetary terms), Poland (11.91%) and Colombia (11.15%).
In January 2024, Ukraine did not import semi-finished products, as in January 2023.
As reported, in 2023, Ukraine reduced 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%) worth $172 thousand.
In 2022, Ukraine decreased exports of carbon steel semi-finished products by 72% year-on-year to 1 million 899.729 thousand tons in physical terms and by 70.9% in monetary terms to $1 billion 191.279 million. The main exports were made 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 million. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).
In January this year, Ukraine increased exports of processed pig iron in physical terms by 5.3% year-on-year to 142,176 thousand tons from 135,073 thousand tons.
According to statistics released by the State Customs Service (SCS) on Friday, pig iron exports in monetary terms increased by 3.1% to $50.004 million from $48.513 million during the period under review.
At the same time, exports were carried out mainly to the United States (92.26% of supplies in monetary terms), Poland (3.88%) and France (2.52%).
In the first month of the year, Ukraine did not import pig iron, as it did in January 2023.
As reported, in 2023, Ukraine reduced pig iron exports in physical terms by 5.8% compared to 2022 – to 1 million 248.512 thousand tons, while exports in monetary terms decreased by 26.2% to $471.467 million. Deliveries were made mainly to Poland (51.91% of supplies in monetary terms), Spain (21.41%) and the United States (13.15%).
In 2023, Ukraine imported 154 tons of pig iron worth $156 thousand from Germany (42.31%), Brazil (41.67%) and Poland (16.03%), compared to 40 tons of pig iron worth $23 thousand in 2022.
In 2022, Ukraine reduced exports of processed pig iron by 59% in physical terms compared to the previous year to 1 million 325.275 thousand tons, and by 61.1% in monetary terms to $638.774 million.
In 2022, Ukraine imported 40 tons of pig iron worth $23 thousand, while in 2021 it imported 185 tons of pig 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%), while imports were made from Germany (100%).
In January this year, Ukrainian mining companies increased exports of iron ore in physical terms by 3.36 times compared to the same period last year, up to 3 million 115.839 thousand tons from 927.433 thousand tons.
According to the statistics released by the State Customs Service on Friday, during the period under review, foreign exchange earnings from the export of iron ore increased by 2.7 times to $295.989 million from 110.857 million.
Exports of iron ore were carried out mainly to China (48.05% of supplies in monetary terms), Slovakia (13.65%) and Poland (10.48%).
Last month, Ukraine imported iron ore worth $7 thousand in a total volume of 9 tons, while in January-2023 it imported iron ore worth $1 thousand in a volume of 1 thousand tons. Imports in January-2024 came from Italy (100%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.
In 2022, Ukraine decreased exports of iron ore in physical terms by 45.9% compared to 2021 – to 23 million 984.623 thousand tons, while foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million. Iron ore was exported mainly to Slovakia (19.23% of supplies in monetary terms), the Czech Republic (17.32%) and Poland (16.49%).
In 2022, Ukraine imported iron ore worth $65 thousand in a total volume of 101 tons, while in 2021 – $184 thousand in a volume of 1,202 thousand tons. Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).
In January this year, Ukrainian companies increased imports of copper and copper products in value terms by 2.6 times compared to the same period last year, to $16.833 million from $6.368 million.
According to customs statistics released by the State Customs Service of Ukraine on Friday, exports of copper and copper products decreased by 17.6% to $5.279 million from $6.407 million over the period.
In addition, in January 2024, Ukraine increased imports of nickel and nickel products by 11.5 times compared to January 2023 – to $3.573 million from $312 thousand, aluminum and aluminum products – by 26.3%, to $33.501 million.
At the same time, it increased imports of lead and lead products by 4.2 times to $135 thousand, imports of tin and tin products by 51.2% to $260 thousand, and increased imports of zinc and zinc products by 82.9% to $4.094 million.
Exports of aluminum and aluminum products in the first month of 2024 increased by 18% compared to January 2023 to $7.999 million, lead and lead products decreased by 46.5% to $873 thousand, nickel and nickel products amounted to $3 thousand, at the level of January 2023.
Zinc exports last month amounted to $8 thousand, while in January 2023 they were absent. Exports of tin and tin products were absent in January 2024, while in January 2023 they amounted to $17 thousand.
In December 2023, copper was imported for $20.856 million, and exported for $6.906 million. Last December, Ukraine imported $1.025 million worth of nickel and products, $31.951 million worth of aluminum, as well as $70 thousand worth of lead and products, $310 thousand worth of tin, and $3.665 million worth of zinc.
At the same time, in December 2023, Ukraine exported $8.433 million worth of aluminum, $704 thousand worth of lead and lead products, $24 thousand worth of nickel and nickel products, $13 thousand worth of zinc, and $79 thousand worth of tin.
As reported, in 2023, Ukraine increased imports of copper and copper products by 2.2 times compared to 2022 – up to $140.795 million, while exports decreased by 20.1% to $72.078 million.
In addition, in 2023, Ukraine reduced imports of nickel and products by 74.2% compared to 2022, to $15.391 million, and increased imports of aluminum and aluminum products by 7.7%, to $366.463 million.
At the same time, it reduced imports of lead and lead products by 65.2% to $989 thousand, imports of tin and tin products by 23% to $2.728 million, but increased imports of zinc and zinc products by 18.8% to $45.966 million.
Exports of aluminum and aluminum products last year increased by 0.7% compared to 2022 to $97.616 million, lead and lead products increased by 23.5% to $14.778 million, and nickel and nickel products amounted to $532 thousand, while in 2022 it was $1.268 million.
In 2023, the company exported $130 thousand worth of zinc, compared to $1.331 million in 2022. Exports of tin and tin products amounted to $159 thousand against $424 thousand in 2022.
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.
In January this year, Ukraine’s steelmaking companies increased revenues from ferrous metal exports by 65.4% year-on-year to $274.077 million from $165.690 million.
According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 8.06% of total export revenues during this period, compared to 5.29% in January 2023.
At the same time, in January this year, Ukraine increased imports of similar products by 59.5% to $109.414 million from $68.593 million.
In addition, in January, Ukraine increased exports of metal products by 3.5% to $64.327 million from $62.127 million. Imports of metal products increased by 41.7% to $72.646 million from $51.263 million.
In December 2023, revenues from exports of ferrous metals amounted to $214.531 million, while in the previous month – $174.380 million. In December 2023, the company imported these products for $107.367 million.
In December, the company exported steel products worth $56.083 million and imported $74.186 million.
As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.59% compared to 2022, to $2 billion 647.722 million, with ferrous metals accounting for 7.32% of total revenues from exports of goods during this period, while in 2022 the share was 10.26%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.046 million.
In addition, last year, Ukraine reduced exports of metal products by 16.6% year-on-year to $877.916 million. At the same time, imports of metal products increased by 40.3% to $902.565 million during this period.
In 2022, Ukraine decreased revenues from ferrous metal exports by 67.5% compared to 2021, to $4 billion 533.088 million. During this period, ferrous metals accounted for 10.26% of total revenues from exports of goods, compared to 20.49% in 2021. At the same time, in 2022, Ukraine 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 fell by 42.9% to $643.162 million over the year.
Ukraine in January 2024 exported the largest volume of goods since the start of the full-scale invasion – 12 million tons of products, including 8.7 million tons exported by sea, the Economy Ministry said on Monday.
“We are very close to reaching pre-war physical export volumes. In January 2024, Ukraine exported 12 million tons of products. This is only 2 million tons less than in pre-war January 2022,” First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko was quoted as saying in the release.
Earlier, Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, told Interfax-Ukraine that in December 2023, Ukraine reached the 10 million tons export figure, which was last reached in March 2023, followed by a decline in exports to less than $3 billion a month due to Russia’s disruption of the grain corridor.
Svyrydenko added that in January, the first vessel insured against military risks under the UNITY insurance was loaded in the ports of Greater Odesa. The cost of insurance for this vessel was 0.75% of the vessel’s value, which is much cheaper than during the Black Sea Grain Initiative.
The head of the Ministry of Economy believes that the normalization of the insurance market in trade is a cornerstone element of the resumption of exports of value-added products, and the goal is to reach not only pre-war export volumes but also higher revenues, which will be facilitated by the free shipment of Ukrainian containers by sea.
“This will only be possible when the insurance market for maritime transportation recovers. That is why it is so important for us that insurance becomes more affordable and is actually used to export Ukrainian products,” the First Deputy Prime Minister said.
The Unity ship insurance program, which the Ukrainian government is implementing jointly with Marsh McLennan and a pool of insurance companies led by ASCOT, is designed to reduce the cost of insurance for the maritime transportation of grain and other important food products in Ukraine’s territorial waters, which will help, among other things, increase the volume of Ukrainian exports. The total coverage under the program is $50 million. It is estimated that the proposed insurance mechanism will reduce the cost of grain insurance by about 2.5 percentage points of the insurance rate on average, which, in turn, will allow grain traders to save about UAH 100-140 per ton of cargo, and will bring an additional UAH 4 billion to agricultural producers.
The Ministry of Economy said that Ukraine expects to expand insurance instruments to other types of exports in the future.
