Business news from Ukraine

Ukraine reduced exports of semi-finished steel products by 4 times

21 May , 2023  

In January-April this year, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 3.9 times compared to the same period last year, to 296,132 thousand tons.
According to the statistics released by the State Customs Service (SCS), in monetary terms, exports of carbon steel semi-finished products amounted to $158.256 million in the period, down 4.5 times.
The main exports were made to Poland (40.53% of supplies in monetary terms), Bulgaria (15.87%) and the Dominican Republic (9.21%).
In January-April, Ukraine imported 72 tons of semi-finished products from China worth $133 thousand.
As reported, in 2022, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 72% compared to the previous year – to 1 million 899.729 thousand tons, and in monetary terms by 70.9% – to $1 billion 191.279 million. The main exports were made to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).
In addition, Ukraine imported 5,558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

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