Business news from Ukraine

Business news from Ukraine

Ukraine increased nickel imports by 78% in January-October

In January-October 2024, Ukraine increased imports of nickel and products by 77.8% compared to the same period in 2023 to $22.109 million (in October – $2.891 million).
In addition, in 2023, Ukraine decreased imports of nickel and products by 74.2% compared to 2022, to $15.391 million.
Exports of nickel and products for ten months of 2024 amounted to $572 thousand (in October – $64 thousand), while in January-October 2023 it was $257 thousand.
In 2023, exports of nickel and nickel products amounted to $532 thousand, while in 2022 they amounted to $1.268 million.
Nickel is used to make stainless steel and for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy, and in chemicals.

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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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Ukrainian companies increased nickel imports by almost 70% in January-August

In January-August this year, Ukrainian companies increased imports of nickel and products by 68.5% compared to the same period in 2023 to $18.6 million (in August – $1.620 million).
At the same time, exports of nickel and products amounted to $508 thousand (in August – $85 thousand), while in January-August 2023 it was $201 thousand.
In 2023, Ukraine decreased imports of nickel and products by 74.2% compared to 2022, to $15.391 million.

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Ukraine increased nickel imports by 68% in January-June

In January-June 2024, Ukraine increased imports of nickel and products by 68.3% compared to the same period in 2023 – up to $12.954 million (in June – $1.880 million),
In 2023, Ukraine decreased imports of nickel and products by 74.2% compared to 2022, to $15.391 million.
In 2023, exports of nickel and products amounted to $532 thousand, while in 2022 they amounted to $1,268 million.
Nickel is used to make stainless steel and for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy and in chemicals.

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In January-April 2024, Ukrainian enterprises increased nickel imports to $8.5 mln

Ukrainian enterprises in January-April 2024, according to customs statistics, increased imports of nickel and products by 60.1% compared to the same period of 2023 – up to $8.484 million (in April – $787 thousand million).
Ukraine in 2023 reduced imports of nickel and nickel products by 74.2% y-o-y in 2022 – to $15.391 mln. Ukraine in 2022 reduced imports of nickel and nickel products by 49.9% y-o-y in 2021 – to $59.754 mln.
The main area of nickel application is metallurgy. It is used in the production of high-alloy stainless steels. By adding nickel to the iron melt, metallurgists obtain strong and ductile alloys that are highly resistant to corrosion and high temperatures.

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Ukrainian companies reduced nickel imports in 2023 but increased aluminum imports

In 2023, Ukrainian companies reduced imports of nickel and nickel products by 74.2% compared to 2022, to $15.391 million ($1.025 million in December), while aluminum and aluminum products increased by 7.7%, to $366.463 million ($31.951 million).
At the same time, it reduced imports of lead and lead products by 65.2% to $989 thousand ($70 thousand), imports of tin and tin products by 23% to $2.728 million ($310 thousand), but increased imports of zinc and zinc products by 18.8% to $45.966 million ($3.665 million).
Exports of aluminum and aluminum products last year increased by 0.7% compared to 2022 to $97.616 million ($8.433 million in December), lead and lead products increased by 23.5% to $14.778 million ($704 thousand), nickel and nickel products amounted to $532 thousand ($24 thousand), while in 2022 it was $1.268 million.
Zinc was exported abroad in 2023 for $130 thousand ($13 thousand in December) against $1.331 million in 2022. Exports of tin and tin products amounted to $159 thousand (up $79 thousand in December) against $424 thousand in 2022.
In addition, in 2022, Ukraine reduced imports of nickel and nickel products by 49.9% compared to 2021, to $59.754 million, 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.

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