Business news from Ukraine

Ukraine reduced exports of semi-finished carbon steel products by 70.6%

23 December , 2022  

Ukraine in January-November this year, Ukraine has reduced the export of semi-finished products of carbon steel in physical terms by 70.6% compared to the same period last year – up to 1 million 824.586 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, exports of semi-finished products of carbon steel during this period decreased by 69.4% – to $ 1 billion 147.436 million.
In addition, Ukraine imported 5,558 thousand tons of such products in January-November, which is 84.7% less than in January-November 2021. In monetary terms, imports decreased by 84.9% to $3.634 million.
As reported, Ukraine in 2021 decreased exports of semi-finished carbon steel products in volume terms by 9.5% compared to 2020 – up to 6 million 776.44 thousand tons. In monetary terms, exports of semi-finished carbon steel products for the year increased by 48.8% – to $4 billion 93.02 million. The main exports were shipped to Italy (30.90% of deliveries in monetary terms), Turkey (12.77%) and the Dominican 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 from the Russian Federation (97.73% of supplies), Turkey (1.15%) and Uzbekistan (1.08%).

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