Business news from Ukraine

Business news from Ukraine

Ukraine reduced copper imports by 21% and exports by 56%

18 February , 2023  

Ukrainian companies in January this year, imports of copper and copper products in value terms decreased by 20.9% compared to the same period last year – up to $ 6.368 million.
According to customs statistics, released by the State Customs Service of Ukraine on Thursday, the export of copper and copper products for the period decreased by 56.2% – to $ 6.407 million.
In addition, Ukraine reduced imports of nickel and its products by 96.2% in January 2022 compared to January 2021 – to $312 thousand, aluminum and its products – by 33.6%, to $26.529 million. In addition, Ukraine reduced imports of lead and its products by 95.4% – to $32 thousand, imports of tin and its products by 20.4%, to $172 thousand, and zinc and zinc products – by 67%, to $2.238 million.
Exports of aluminum and aluminum products in the first month of 2023 fell 33.7% from January 2022 to $6.776 million, lead and lead products fell 41.4% to $1.633 million, and nickel and nickel products were $3,000, down from $397,000 in January 2022.
There were no zinc exports last month, whereas in January-2022 it was $220 thousand. Tin exports and products totaled $17 thousand in January-2023, whereas in January-2022 there were no.
As reported, Ukrainian enterprises in 2022 decreased imports of copper and copper products in value terms by 64.3% compared to the previous year – to $ 65.370 million, their exports decreased by 56.3% – to $ 90.245 million. In December-2022, imported copper and copper products for $ 6.107 million, exported – to $ 6.956 million.
In addition, Ukraine has reduced imports of nickel and its products by 49.9% in 2022 compared to 2021 – up to $59.754 million (in December – $0.668 million), aluminum and its products – by 33.4% to $340.398 million ($29.457 million). At the same time, the imports of lead and lead products decreased by 66.6% to $2.839 million ($12 thousand).
Imports of tin and tin products fell by 33.5% to $3.312 million ($171 thousand), while imports of zinc and zinc products decreased by 58.7% to $38.690 million ($4.386 million).
Exports of aluminum and aluminum products for 2022 decreased 42.7% from 2021 to $96.972 million ($6.330 million in December), lead and lead products decreased 68.7% to $11.970 million ($1.396 million), and nickel and nickel products decreased 73.9% to $1.268 million ($0.1 million).
Zinc exports for 2022 were $1.331 million ($11,000 in December) compared to $550,000 in 2021. Tin and products exports for 2022 were $424,000 ($1,000 in December) compared to $346,000 the previous year.

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