Business news from Ukraine

Business news from Ukraine

Ukraine reduced currency revenues from ferrous metals exports by 65%

17 December , 2022  

Metallurgical enterprises of Ukraine in January-November this year, revenues from exports of ferrous metals decreased by 65.4% compared to the same period last year – up to $4 billion 359.303 million.
According to statistics released by the State Customs Service (SCS), during this period, ferrous metals accounted for 10.7% of total revenues from the export of goods against 20.6% in January-November 2021.
In November, revenues from exports of ferrous metals amounted to $205.647 million, while in October – $189.836 million.
At this, Ukraine reduced imports of similar products by 38.5% to $865.047 million in January-November this year, while in November it was imported by $95.612 million.
In addition, during this period, Ukraine reduced exports of metal products by 15.6% – to $983.533 million. In November, they were delivered to $79.050 million.
Imports of metal products in January-November decreased by 41.4% – to $ 591.598 million (in November – $58.052 million).
As reported, Ukraine in 2021 increased foreign exchange earnings from the export of ferrous metals by 81.4% compared to 2020 – up to $ 13 billion 951.117 million. Ferrous metals accounted for 20.5% of total revenues from the export of goods during this period against 15.63% in 2020.
At the same time, Ukraine has increased imports of similar products in 2021 by 48.8% – to $ 1 billion 547.477 million.
In addition, Ukraine has increased exports of metal products in 2021 by 43% – to $ 1 billion 293.199 million.
Imports of metal products last year increased by 28% to $1 billion 125.908 million.

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