In January-October of this year, Ukraine’s steelmaking companies reduced their earnings from ferrous metal exports by 45.7% year-on-year to $2 billion 255.514 million.
According to statistics released by the State Customs Service (SCS) on Wednesday, ferrous metals accounted for 7.56% of total export revenues during this period, while the share was 11.26% in the first ten months of 2022.
In October, revenues from exports of ferrous metals amounted to $175.871 million, while in the previous month – $258.675 million.
At the same time, Ukraine increased imports of similar products by 43.4% to $1 billion 103.047 million over 10 months of this year. In October, the country imported products worth $124.012 million.
In addition, in January-October, Ukraine reduced exports of metal products by 16.3% year-on-year to $756.184 million. In October, exports were worth $62.852 million.
At the same time, imports of steel products increased by 35.5% to $723.032 million over the same period. In October, Ukraine received $117.868 million worth of these products.
As reported earlier, in 2022, Ukraine’s steelmaking companies reduced 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, last year 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.
In January-September of this year, Ukraine’s steelmaking companies reduced their earnings from ferrous metal exports by 47.6% year-on-year to $2 billion 79.713 million.
According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.66% of total export revenues during this period, while in the first nine months of 2022, the share was 11.99%.
In September, revenues from exports of ferrous metals amounted to $258.675 million, while in the previous month – $200.016 million.
At the same time, Ukraine increased imports of similar products by 46.7% to $979.035 million in the first nine months of this year. In September, products worth $123.751 million were imported.
In addition, in January-September, Ukraine reduced exports of metal products by 13.8% year-on-year to $693.984 million. In September, exports were worth $68.742 million.
At the same time, imports of steel products increased by 29.4% to $605.218 million over the same period. In September, Ukraine received $89.645 million worth of these products.
As reported earlier, in 2022, Ukraine’s steelmaking companies reduced 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, last year 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.
Metallurgical enterprises of Ukraine in January this year reduced revenues from ferrous metals exports 6.2 times compared to the same period last year – to $165.690m.
According to the statistics released by the State Customs Service (SCS), ferrous metals accounted for 5.29% of total revenues from the export of goods during this period against 17.01% in January-2022.
At the same time, Ukraine reduced imports of similar products by 50% to $68.593 million in January this year.
In addition, Ukraine reduced exports of metal products by 48.8% to $62.127 million in January, while imports of metal products decreased by 35.2% – to $51.263 million.
As reported, metallurgical enterprises of Ukraine in 2022, revenues from exports of ferrous metals decreased by 67.5% compared to 2021 – to $4 billion 533.088 million – ferrous metals during this period amounted to 10.26% of total revenues from the export of goods against 20.49% in 2021. In December 2022, the proceeds from exports of ferrous metals amounted to $173.944 million, while in November – $205.647 million.
At the same time, last year, Ukraine reduced imports of similar products by 38.3% – to $954.387 million. In December, it was imported by $89.275 million.
In addition, in 2022, Ukraine reduced exports of metal products by 18.6% – to $ 1 billion 52.512 million, in December, they were delivered for $ 69.285 million.
Imports of metal products last year decreased by 42.9% – to $643.162 million (in December – $67.705 million).
Metallurgical enterprises of Ukraine in January-July this year reduced revenues from the export of ferrous metals by 2.16 times compared to the same period last year – to $3 billion 490.360 million from $7 billion 537.902 million.
According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 13.61% of total merchandise export earnings over this period compared to 21.23% in January-July 2021.
In July, proceeds from the export of ferrous metals amounted to $266.620 million.
At the same time, in January-July this year, Ukraine reduced imports of similar products by 33.3%, to $473.488 million. In July, it was imported for $80.368 million.
In addition, during the specified period, Ukraine reduced the export of metal products by 6.3% – to $632.629 million. In July, they were delivered for $81.933 million.
Imports of metal products in January-July decreased by 40.6% – to $351.238 million (in July – $67.335 million).
As reported, Ukraine in 2021 increased foreign exchange earnings from exports of ferrous metals by 81.4% compared to 2020, to $13 billion 951.117 million. Ferrous metals accounted for 20.49% of total revenues from exports of goods over this period against 15 .63% for 2020.
At the same time, Ukraine increased imports of similar products by 48.8% in 2021, to $1 billion 547.477 million.
In addition, Ukraine in 2021 increased the export of metal products by 43% – up to $1 billion 293.199 million.
Imports of metal products over the past year increased by 28% – up to $1 billion 125.908 million.
Foreign exchange earnings from the export of agricultural products from Ukraine from March to May, during the three months of the war with the Russian Federation, are approximately comparable to the export figures for one pre-war month, Minister of Agricultural Policy of Ukraine Mykola Solsky said in an interview with AgroPolit.
According to him, in January 2022, Ukraine exported agricultural products worth $3.14 billion, in February – $2.54 billion, in March – $0.84 billion, in April – $0.9 billion, and in May – $1.21 billion.
“We see that foreign exchange earnings from the agro-industrial complex during the war fell threefold … That is, in March-May, agricultural exports amounted to $ 2.95 billion, while this was the traditional amount for one month (before the full-scale invasion of the Russian Federation – IF-U)”, Solsky emphasized.
As reported with reference to the Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka, Ukraine in the 2021/2022 marketing year (MY) exported 61.52 million tons of grain and oilseeds worth $22.2 billion.
According to him, wheat exports amounted to 18.7 million tons worth $4.8 billion, corn – 23.54 million tons worth $5.8 billion, barley – 5.74 million tons worth $1.3 billion.
Kachka added that the export of 4.3 million tons of sunflower oil brought $5.8 billion, 3.4 million tons of sunflower meal – $960 million tons and 421 thousand tons of soybean meal – $230 million.
According to him, 1.1 million tons of soybeans for $641 million, 2.7 million tons of rapeseed for $1.7 billion and 1.09 million tons of sunflower seeds for $616 million were also exported.
AGRO-INDUSTRIAL COMPLEX, EARNINGS, EXPORT, FOREIGN EXCHANGE, PRODUCTS
