Business news from Ukraine

Business news from Ukraine

Ukraine has increased salt imports by 65.6%

In January-September 2024, Ukraine imported 526.545 thousand tons of salt worth $69.844 million, which is 65.6% and 6.64% more than in the same period last year, respectively.
According to statistics released by the State Customs Service (SCS), Egypt became the largest supplier of salt to Ukraine, accounting for 55.41% of total imports worth $38.7 million in January-September 2024.
Turkey and Romania accounted for 15.7% and 15.6% of supplies, for which these countries earned $10.96 million and $10.81 million, respectively.
A year earlier, Ukraine’s top three salt importers were Turkey with a 30.9% share, Egypt and Romania with 21.6% and 20.9%, respectively. Their revenues from salt sales amounted to $20.3 million, $14.11 million and $13.697 million, respectively.
In January-September 2024, Ukraine reduced its salt exports to a record low of 21 tons, for which it earned $21 thousand. Its buyers were Romania, which purchased 17 tons (80.9%), Moldova and Spain purchased a ton each, which was 4.8% for each country.
A year earlier, salt exports amounted to 38 tons, for which Ukraine earned $155 thousand. Exports of this product were supported by Romania, which bought 35 tons (94.6%), and Moldova – a ton (2.7%).
As reported, in pre-war 2021, Ukraine exported 710.04 thousand tons of salt for $28.32 million, while in 2022 it fell fivefold in physical terms to 142.038 thousand tons, and revenue fell even more, to $3.82 million. In 2021, the main buyers of Ukrainian salt were Poland (39.1%), Hungary (27.4%), and Romania (7.3%). In 2021, Ukraine imported 142.81 thousand tons of salt worth $12.92 million.
After the occupation of the country’s largest salt producer, Artemsol, by Russian troops, Ukrainian salt exports amounted to only 149 tons for $32 thousand in the first half of 2023.

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Ukraine increased tin imports to $2 mln in January-September

In January-September this year, Ukrainian enterprises increased imports of tin and tin products by 1.7% to $2.086 million ($244 thousand in September). Exports of tin and tin products amounted to $346 thousand (in September – $2 thousand) against $57 thousand in the same period a year earlier.
As reported, in 2023, Ukraine reduced imports of tin and tin products by 23% to $2.728 million. Exports of tin and tin products in 2023 amounted to $159 thousand, compared to $424 thousand in 2022.
Tin is used mainly as a safe, non-toxic, corrosion-resistant coating in its pure form or in alloys with other metals. The main industrial applications of tin are in white tinplate (tinned iron) for food containers, in solders for electronics, in house pipelines, in bearing alloys, and in coatings made of tin and its alloys. The most important tin alloy is bronze (with copper).

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Ukraine increased zinc imports by 28% to $43.5 mln in Jan-Sept

Ukrainian companies increased imports of zinc and zinc products by 28.1% to $43.550 million in January-September this year ($5.308 million in September).
Zinc exports for the first nine months of this year amounted to $277 thousand (in September – $77 thousand), while in January-September 2023 it was $88 thousand.
In 2023, Ukraine increased imports of zinc and zinc products by 18.8% to $45.966 million. In 2023, the company exported $130 thousand worth of zinc compared to $1.331 million in 2022.
Pure zinc metal is used to restore precious metals, protect steel from corrosion and for other purposes.

Source: https://www.fixygen.ua/news/20241016/ukrayina-v-sichni-veresni-zbilshila-import-tsinku-na-28-do-435-mln.html

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Ukraine increased aluminum imports by 21% to $333 mln in January-September

Ukrainian companies increased imports of aluminum and aluminum products by 21.1% to $333.056 million in January-September this year ($40.325 million in September).
According to customs statistics released by the State Customs Service of Ukraine, exports of aluminum and aluminum products in the first nine months of 2024 increased by 30.3% year-on-year to $93.318 million ($10.352 million in September).
In 2023, exports of aluminium and aluminium products increased by 0.7% compared to 2022 to $97.616 million.
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, stamping resistance, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber). After the construction and production of packaging, such as aluminum cans and foil, the energy sector is the largest consumer of the metal.

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Ukraine increased nickel imports by 65% to $19.2 mln in January-September

In January-September this year, Ukrainian enterprises increased imports of nickel and its products by 65.2% compared to the same period in 2023 to $19.219 million (in September – $619 thousand).
In the first nine months of 2024, exports of nickel and nickel products amounted to $508 thousand (in September, they were absent), while in January-September 2023 they amounted to $256 thousand. In 2023, Ukraine reduced imports of nickel and nickel products by 74.2% compared to 2022, to $15.391 million.
Nickel is used to produce stainless steel and for nickel plating. Nickel is also used in the production of batteries, powder metallurgy, and chemicals.

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Ukraine increased copper imports to $104 mln in January-September

Ukrainian companies increased imports of copper and copper products by 16% in value terms in January-September this year, up to $104.483 million, compared to the same period last year.
According to customs statistics released by the State Customs Service of Ukraine on Tuesday, exports of copper and copper products increased by 19.1% to $65.514 million over the period under review.
In September, the country imported copper worth $11.659 million and exported it for $7.290 million.
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.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.

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