Ukrainian metal companies saw a fall of 18.3% in foreign currency revenues from exports of ferrous metals in January-August 2020 year-over-year, to $5.212 billion.
According to customs statistics published by the State Customs Service, the share of ferrous metals of total income from exports was 16.7% compared to 19.08% from a year ago.
In August 2020 alone, receipts from ferrous metal exports amounted to $633.953 million.
In January-August 2020, Ukraine decreased imports of similar products by 23.9%, to $652.238 million. In August 2020, the figure was $93.758 million.
Through the aforementioned period, Ukraine decreased metal products exports by 16.3%, to $597.324 million including August deliveries being $69.511 million.
During this period, imports of metal products fell by 24.3%, to $552.072 million, including August imports worth $81.931 million.
As reported, in 2019, Ukraine saw its forex earnings from ferrous metal exports fall by 12.1%, to $8.739 billion. Ukraine saw imports of these products decrease by 6.9%, to $1.252 billion.
Ukraine experienced a 6.1% decline in metal products exports, up to $1.042 billion. Metal imports grew by 13.6% last year, to $1.099 billion.