Business news from Ukraine

UKRAINE SEES 15% RISE IN FOREX EARNINGS FROM FERROUS METAL EXPORTS IN 2018

Ukrainian metal companies saw a growth of 14.7% in foreign currency revenues from exports of ferrous metals in 2018 year-over-year, to $9.937 billion.
According to customs statistics published by the State Fiscal Service, the share of ferrous metals of total income from exports was 20.99% compared to 20.03% from a year ago.
In December 2018 alone, receipts from ferrous metal exports amounted to $760.141 million.
In 2018, Ukraine increased imports of similar products by 20.4%, to $1.367 billion including imports reaching $101.118 million in December.
In 2018, Ukraine increased metal products exports by 32.8%, to $1.11 billion including December deliveries being $85.976 million. In 2018, imports of metal products grew by 19.9%, to $967.674 million, including December imports worth $81.192 million.
As reported, in 2017, Ukraine saw its forex earnings from ferrous metal exports rise by 20%, to $8.666 billion. Ukraine saw imports of these products increase by 42%, to $1.135 billion.
Ukraine experienced a 30% rise in metal products exports in 2017, up to $896.7 million. Metal imports grew by 25% in 2017, to $806.8 million.

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