Business news from Ukraine

Business news from Ukraine

Ukraine in January-June this year significantly increased export of steel semi-finished products

Ukraine in January-June this year increased exports of semi-finished carbon steel products in physical terms by 61.6% compared to the same period last year – up to 888.016 thousand tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, in monetary terms, exports of semi-finished carbon steel products increased by 47.3% to $439.909 million.

The main exports were to Bulgaria (35.49% of shipments in monetary terms), Poland (11.74%) and Italy (8.56%).

In January-June 2024 Ukraine imported from Egypt 5 tons of semi-finished products worth $5 thousand, while in January-June 2023 it imported from China 72 tons of semi-finished products worth $133 thousand.

As reported, Ukraine in 2023 reduced exports of semi-finished carbon steel products in physical terms by 36.7% compared to 2022 – to 1 million 203.454 thousand tons, exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were 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 steel products from China (98.26%) and Turkey (1.74%) for the amount of $172 thousand.

 

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Ukraine reduced exports of semi-finished steel products in tons by 51% over 8 months

In January-August this year, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 50.9% year-on-year to 780,413 thousand tons.

According to the statistics released by the State Customs Service (SCS), exports of semi-finished carbon steel products amounted to $410.674 million in monetary terms over the period (down 59.3%).

The main exports were made to Bulgaria (35.79% of supplies in monetary terms), Poland (27.85%) and Romania (7.51%).

In January-August, Ukraine imported 92 tons of semi-finished products from China worth $169 thousand.

As reported, in 2022, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 72% compared to the previous year – to 1 million 899.729 thousand tons, and in monetary terms by 70.9% – 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%).

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