Business news from Ukraine

Business news from Ukraine

Ukraine reduced export of semi-finished products from carbon steel by 68.9%

16 October , 2022  

Ukraine in January-September of this year reduced the export of semi-finished products from carbon steel in kind by 68.9% compared to the same period last year – up to 1 million 665.909 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, the export of semi-finished products from carbon steel over this period decreased by 67% – to $1 billion 55.080 million.
The main exports were to Bulgaria (23.38% of deliveries in monetary terms), Italy (13.6%) and Poland (12092%).
In addition, Ukraine imported 5,540 thousand tons of such products in January-September, which is 65.4% less than in January-September 2021. In monetary terms, imports decreased by 64.7% – to $ 3.588 million. Imports were carried out from the Russian Federation (98.16% of supplies), Romania (1.23%) and China (0.59%).
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 supplies 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 by 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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