In January-August this year, Ukraine’s metallurgical enterprises reduced their earnings from ferrous metal exports by 51.1% year-on-year to $1 billion 821.054 million.
According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.44% of total export revenues during this period, while in the first eight months of 2022, they accounted for 12.86%.
In August, revenues from exports of ferrous metals amounted to $200.016 million, while in the previous month – $206.685 million.
At the same time, Ukraine increased imports of similar products by 53% to $855.284 million over the first eight months of this year. In August, the country imported products worth $136.466 million.
In addition, in January-August, Ukraine reduced exports of metal products by 11% compared to the eight months of the previous year, to $625.707 million. In August, they were exported for $65.114 million.
At the same time, imports of steel products increased by 24.8% to $515.548 million over the first eight months of the year. In August, Ukraine supplied $82.645 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.
