Business news from Ukraine

UKRAINIAN METAL COMPANIES INCREASE EARNINGS FROM FERROUS METAL EXPORT TO $4.9 BLN IN JAN-MAY

2 June , 2021  

Ukrainian metal companies in January-May 2021 increased earnings from exports of ferrous metals by 49.1% compared to the same period last year, to $4.92 billion.
According to the statistics released by the State Customs Service, in May, earnings from exports of ferrous metals amounted to $1.19 billion.
Ukraine boosted imports of similar products by 16.3% in January-May 2021, to $440 million. In May, this figure was $115.04 million.
In addition, Ukraine increased exports of metal products by 18.9% in the first five months of 2021, to $421.03 million. In May, their export amounted to $99.21 million.
During this period, imports of metal products increased by 22.2%, to $383.15 million. In May, they were imported for $93.12 million.
As reported, in 2020, Ukrainian metal companies reduced earnings from exports of ferrous metals by 12% compared to the previous year, to $7.690 billion. At the same time, Ukraine in 2020 reduced imports of similar products by 17%, to $1.040 billion.

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