Business news from Ukraine

Business news from Ukraine

Ukraine has reduced exports of steel semi-finished products by 76%

9 August , 2023  

Ukraine in January-July this year reduced exports of semi-finished carbon steel products in physical terms by 76.4% compared to the same period last year – to 658.729 thousand tons.

According to statistics released by the State Customs Service (SCS), in monetary terms, exports of semi-finished carbon steel products for this period amounted to $354.178 million (down 62.9%).

The main exports were to Bulgaria (33.71% of shipments in monetary terms), Poland (31.62%) and Turkey (7.45%).

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

As reported, in 2022 Ukraine in physical terms reduced exports of semi-finished carbon steel products by 72% in comparison with the previous year – to 1 million 899.729 thousand tons, in monetary terms by 70.9% – to $1 billion 191.279 million. The main exports were 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 mln. Imports were made from Russia (96.92% of supplies – before the war), China (1.84%) and Romania (1.21%).

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