Business news from Ukraine

UKRAINE CUTS COPPER IMPORTS BY 2%

In January and February of 2020, Ukrainian enterprises reduced the import of copper and copper products in value terms by 2.1% compared to the same period in 2019, to $15.338 million.
According to customs statistics, released by the State Customs Service of Ukraine, export of copper and copper products decreased by 15.9%, to $9.814 million in the first two months of 2020.
In February, copper and copper products were imported to the tune of $8.450 million, exported to the tune of $5.895 million.
In addition, Ukraine in January and February of 2020 reduced the import of nickel and nickel products by 11.3% compared to the same month of 2019, to $14.008 million (in February amounted to $6.034 million), but increased the import of aluminum and aluminum products by 13.7%, to $57.714 million ($30.315 million). At the same time, the import of lead and lead products decreased by 60.6%, to $896,000 ($364,000), while tin and tin products grew by 24.5%, to $447,000 ($295,000), zinc and zinc products rose by 4.3%, to $7.562 million ($3.331 million).
In January and February of 2020, exports of aluminum and aluminum products increased by 11.9%, compared to the same period of 2019, to $16.839 million (in February amounted to $9.679 million), lead and lead products increased by 73.7%, to $5.179 million ($2.672 million), nickel and nickel products increased by 18.2%, to $480,000 ($320,000). Zinc exports in January and February of 2020 amounted to $11,000, while in the same period of 2019 amounted to $86,000 (in February amounted to $8,000). The export of tin and tin products in January and February of 2020 amounted to $16,000, while in the same period of 2019 amounted to $15,000 (there was no export in February).

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