Business news from Ukraine

Ukraine reduced export of semi-finished products from carbon steel by 64%

24 August , 2022  

Ukraine in January-July this year reduced the export of semi-finished products from carbon steel in physical terms by 64% compared to the same period last year – up to 1 million 501.779 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, exports of carbon steel semi-finished products over this period decreased by 59.3% to $955.049 million.
The main exports were to Bulgaria (21.68% of supplies in monetary terms), Italy (14.75%) and Turkey (11.2%).
In addition, Ukraine imported 5.532 thousand tons of such products in January-July, which is 56.8% less than in January-July 2021. In monetary terms, imports decreased by 55.2% – to $ 3.576 million. Imports were carried out from the Russian Federation (98.49% of supplies), Romania (1.23%) and China (0.25%).
As reported, Ukraine in 2021 reduced the export of semi-finished products from carbon steel in physical terms by 9.5% compared to 2020, to 6 million 776.44 thousand tons. In monetary terms, the export of semi-finished products from carbon steel increased by 48.8% over the year to $4 billion 93.02 million. The main exports were to Italy (30.90% of deliveries in monetary terms), Turkey (12.77%) and the Republic (8.02%).
In addition, Ukraine imported 38.97 thousand tons of such products in 2021, which is 2.6 times more than in 2020. In monetary terms, imports increased 3.9 times – up to $25.95 million. Imports were carried out from the Russian Federation (97.73% of deliveries), Turkey (1.15%) and Uzbekistan (1.08%).

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