In January-October of this year, Ukraine’s steelmaking companies reduced their earnings from ferrous metal exports by 45.7% year-on-year to $2 billion 255.514 million.
According to statistics released by the State Customs Service (SCS) on Wednesday, ferrous metals accounted for 7.56% of total export revenues during this period, while the share was 11.26% in the first ten months of 2022.
In October, revenues from exports of ferrous metals amounted to $175.871 million, while in the previous month – $258.675 million.
At the same time, Ukraine increased imports of similar products by 43.4% to $1 billion 103.047 million over 10 months of this year. In October, the country imported products worth $124.012 million.
In addition, in January-October, Ukraine reduced exports of metal products by 16.3% year-on-year to $756.184 million. In October, exports were worth $62.852 million.
At the same time, imports of steel products increased by 35.5% to $723.032 million over the same period. In October, Ukraine received $117.868 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.
