Ukraine’s revenue from ferrous metal exports in July 2026 totaled $199.9 million, down approximately 31.9% from June’s $293.6 million, according to the Experts Club Information and Analytical Center.
This calculation is based on data from the State Customs Service of Ukraine.
The July dynamics significantly worsened the industry’s results for the seven-month period. Overall, in January–July, foreign currency revenue from exports of ferrous metals decreased by 7.6% year-on-year to $1.678 billion.
At the same time, Ukraine imported $176.4 million worth of ferrous metals in July. Thus, the monthly gap between exports and imports of these products narrowed to approximately $23.5 million.
Exports of metal products generated another $71.4 million in July, while imports of these products amounted to $106.3 million. Consequently, imports of metal products directly exceeded exports by almost $35 million in July.
In total, exports of ferrous metals and metal products amounted to approximately $271.3 million in July, while imports reached around $282.6 million.
Thus, if these two groups are considered together, Ukraine effectively recorded a small negative trade balance of approximately $11 million in July, although the balance for the entire seven-month period remains positive so far.
For comparison, in 2025 Ukraine received $3.339 billion from exports of ferrous metals and $916.2 million from exports of metal products.
The sharp decline in July requires further monitoring: data for a single month alone do not yet make it possible to determine whether this marks the beginning of a sustained deterioration in export conditions or a short-term fluctuation in supplies.
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.
