Business news from Ukraine

Business news from Ukraine

Ukraine increased copper imports by 91% in 10 months, exports decreased by 21%

12 November , 2023  

In January-October this year, Ukrainian companies increased imports of copper and copper products in value terms by 91.1% compared to the same period last year, to $104.029 million.

According to customs statistics released by the State Customs Service of Ukraine on Wednesday, exports of copper and copper products decreased by 20.6% to $61.107 million over the period.

In October, Ukraine imported copper worth $13.932 million and exported it for $6.090 million.

In addition, in 10 months of 2023, Ukraine reduced imports of nickel and products by 77.7% compared to the same period in 2022 to $12.438 million ($806 thousand in October), while imports of aluminum and aluminum products increased by 10.1% to $307.569 million ($32.582 million).

At the same time, it reduced imports of lead and lead products by 66.3% to $892 thousand ($19 thousand), imports of tin and tin products by 21.1% to $2.284 million ($232 thousand), but increased imports of zinc and zinc products by 23.1% to $37.525 million ($3.538 million).

Exports of aluminum and aluminum products in January-October this year decreased by 2.3% compared to the same period last year to $81.616 million (in October – $9.996 million), lead and lead products increased by 27.9% to $12.498 million ($1.308 million), nickel and nickel products amounted to $257 thousand ($1 thousand), while in 10 months of 2022 it was $1.086 million.

Zinc was exported abroad for $99 thousand over 10 months (in October – $10 thousand) against $1.321 million in January-October 2022. Exports of tin and tin products amounted to $57 thousand (no deliveries were made in October) against $421 thousand in 10 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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