Business news from Ukraine

Business news from Ukraine

Ukraine increased imports of copper by 45%, exports decreased by one third

11 April , 2023  

Ukrainian companies in January-March this year increased imports of copper and copper products in value terms by 45.1% compared to the same period last year – up to $ 28.511 million.
According to customs statistics, released by the State Customs Service of Ukraine on Monday, the export of copper and copper products for the period decreased by 31.2% – to $21.822 million.
In March, imported copper at $ 11.045 million, exported – 7.672 million.
In addition, in January-March 2023, Ukraine reduced the imports of nickel and its products by 88.8% compared to the same period in 2022 – to $3.176 million (in March – $2.020 million), aluminum and its products – by 0.7%, to $82.110 million (in March – $28.530 million). It reduced the imports of lead and lead products by 89.4% to $216 thousand (in March – $12 thousand), imports of tin and tin products by 8% to $648 thousand (in March – $104 thousand) and zinc and zinc products by 51% to $7.698 million (in March – $3.581 million).
Exports of aluminum and aluminum products in the first three months of 2023 decreased by 6.6% to $23.103 million (in March – $8.732 million) compared to the same period last year, while lead and lead products decreased by 33.6% to $4.436 million (in March – $1.412 million) and nickel and nickel products – $92 thousand (in March – none) compared to $875 thousand in January-March 2022.
Zinc exports for the three months of this year amounted to $46 thousand (in March – $22 thousand), while in January-March 2022 it was $892 thousand. Tin exports and products totaled $48 thousand (in March – $29 thousand) against $53 thousand in the same period last year.
As reported, the Ukrainian enterprises in 2022, imports of copper and copper products in value terms reduced by 64.3% compared to the previous year – up to $65.370 million, their exports decreased by 56.3% – to $90.245 million.
In addition, Ukraine has reduced imports of nickel and its products in 2022 by 49.9% compared to 2021 – up to $59.754 million, aluminum and its products – by 33.4% to $ 340.398 million, while the imports of lead and its products decreased by 66.6% – to $ 2.839 million.
Imports of tin and tin products fell by 33.5% to $3.312 million, while imports of zinc and zinc products decreased by 58.7% to $38.690 million.
Exports of aluminum and aluminum products for 2022 were down 42.7% from 2021, to $96.972 million, lead and lead products were down 68.7%, to $11.970 million, and nickel and nickel products were down 73.9%, to $1.268 million.
Zinc exports for 2022 were $1.331 million, up from $550,000 in 2021. Tin and products exports for 2022 were $424,000, up from $346,000 the previous year.

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