In January-November of this year, Ukraine’s steelmaking companies reduced their earnings from ferrous metal exports by 44.2% year-on-year to $2 billion 433.191 million.
According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 7.38% of total export revenues during this period, while the share was 10.7% in the first eleven months of 2022.
In November, revenues from exports of ferrous metals amounted to $174.380 million, while in the previous month they amounted to $175.8671 million.
At the same time, Ukraine increased imports of similar products by 38.7% to $1 billion 199.391 million over 11 months of this year. In November, the country imported products worth $96.342 million.
In addition, in January-November, Ukraine reduced exports of metal products by 16.4% year-on-year to $821.833 million. In November, exports were worth $57.282 million.
At the same time, imports of steel products increased by 40% to $828.388 million over the same period. In November, Ukraine received $105.347 million worth of these products.
As reported earlier, in 2022, Ukraine’s steelmaking companies reduced revenues from ferrous metal exports by 67.5% compared to 2021, to $4 billion 533.088 million. During this period, ferrous metals accounted for 10.26% of total revenues from exports of goods, compared to 20.49% in 2021. At the same time, last year Ukraine reduced imports of similar products by 38.3% to $954.387 million.
In addition, in 2022, Ukraine reduced exports of metal products by 18.6% to $1 billion 52.512 million. Imports of metal products fell by 42.9% to $643.162 million over the year.
