Business news from Ukraine

Business news from Ukraine

Ukraine doubled copper imports, reduced exports by 22%

12 December , 2023  

In January-November this year, Ukrainian companies doubled their imports of copper and copper products in value terms compared to the same period last year, to $119.939 million.

According to customs statistics released by the State Customs Service of Ukraine, exports of copper and copper products decreased by 21.8% to $65.172 million over the period.

In November, the country imported copper worth $15.907 million and exported it worth $3.802 million.

In addition, in 11 months of 2023, Ukraine reduced imports of nickel and products by 75.7% compared to the same period in 2022 to $14.366 million ($1.928 million in November), while aluminum and aluminum products increased by 7.6% to $334.511 million ($26.885 million).

At the same time, it reduced imports of lead and lead products by 67.5% to $919 thousand ($28 thousand), imports of tin and tin products by 23% to $2.419 million ($135 thousand), but increased imports of zinc and zinc products by 23.3% to $42.302 million ($4.776 million).

In January-November this year, exports of aluminum and aluminum products decreased by 1.7% compared to the same period last year to $89.183 million ($7.176 million in November), exports of lead and lead products increased by 33.1% to $14.074 million ($1.267 million), and exports of nickel and nickel products amounted to $508 thousand ($251 thousand), while in 11 months of 2022 it was $1.168 million.

Zinc was exported for $117 thousand over 11 months (in November – $19 thousand) against $1.321 million in January-November 2022. Exports of tin and tin products amounted to $79 thousand (up $22 thousand in November) against $423 thousand in 11 months of 2012.

As reported, in 2022, Ukrainian enterprises reduced imports of copper and copper products in value terms by 64.3% compared to the previous year – to $65.370 million, while their exports decreased by 56.3% to $90.245 million.

In addition, in 2022, Ukraine reduced imports of nickel and nickel products by 49.9% compared to 2021, to $59.754 million, and 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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