In January this year, Ukraine’s steelmaking companies increased revenues from ferrous metal exports by 65.4% year-on-year to $274.077 million from $165.690 million.
According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 8.06% of total export revenues during this period, compared to 5.29% in January 2023.
At the same time, in January this year, Ukraine increased imports of similar products by 59.5% to $109.414 million from $68.593 million.
In addition, in January, Ukraine increased exports of metal products by 3.5% to $64.327 million from $62.127 million. Imports of metal products increased by 41.7% to $72.646 million from $51.263 million.
In December 2023, revenues from exports of ferrous metals amounted to $214.531 million, while in the previous month – $174.380 million. In December 2023, the company imported these products for $107.367 million.
In December, the company exported steel products worth $56.083 million and imported $74.186 million.
As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.59% compared to 2022, to $2 billion 647.722 million, with ferrous metals accounting for 7.32% of total revenues from exports of goods during this period, while in 2022 the share was 10.26%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.046 million.
In addition, last year, Ukraine reduced exports of metal products by 16.6% year-on-year to $877.916 million. At the same time, imports of metal products increased by 40.3% to $902.565 million during this period.
In 2022, Ukraine decreased 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, in 2022, 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.
EXPORT, FERROUS METAL, METALLURGICAL ENTERPRISES
