Business news from Ukraine

UKRAINIAN METAL COMPANIES SEE 9.4% FALL IN FOREX EARNINGS FROM FERROUS METAL EXPORTS

14 August , 2019  

Ukrainian metal companies saw a fall of 9.4% in foreign currency revenues from exports of ferrous metals in January-July 2019 year-over-year, to $5.615 billion.
According to customs statistics published by the State Fiscal Service, the share of ferrous metals of total income from exports was 19.53% compared to 23.07% from a year ago.
In July 2018 alone, receipts from ferrous metal exports amounted to $818.213 million.
In January-July 2018, Ukraine decreased imports of similar products by 1.4%, to $741.440 million including imports reaching $140.422 million in July.
In January-July 2018, Ukraine decreased metal products exports by 0.1%, to $637.494 million including July deliveries being $103.106million. During this period, imports of metal products grew by 24.6%, to $627.461 million, including July imports worth $99.058 million.
As reported, in 2018 Ukraine saw its forex earnings from ferrous metal exports rise by 23.8%, to $9.937 billion. Ukraine saw imports of these products increase by 20.4%, to $1.367 billion.
Ukraine experienced a 23.8% rise in metal products exports, up to $1.11 billion. Metal imports grew by 19.9% last year, to $967.674 million.

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