Home / Main / The growth of foreign exchange earnings to Ukraine from the export of ferrous metals amounted to 75% in 8 months of 2021

The growth of foreign exchange earnings to Ukraine from the export of ferrous metals amounted to 75% in 8 months of 2021

Main / Ukraine

The largest consumers of Ukrainian steel and rolled metal products in January - August 2021 were Europe and Africa.

The growth of foreign exchange earnings to Ukraine from the export of ferrous metals amounted to 75% in 8 months of 2021

During 8 months of 2021, Ukraine exported 13.2 million tons of ferrous metals worth $ 8.92 billion. Compared to the previous year, there is an increase in export deliveries in physical terms by 4.9%, in monetary terms - an increase in foreign exchange earnings by 75.0%.

In the commodity structure of Ukrainian exports of ferrous metals in January - August 2021, semi-finished steel products (35.9%) and metallurgical raw materials (23.0%) occupy most of the commodity structure. The share of finished steel products amounted to 41.1%.

At the same time, the export of pig iron increased by 6.0% and amounted to 2173.0 thousand tons, while the supply of semi-finished products (square billets, slabs, etc.) decreased by 6.8% to 4755.9 thousand tons.

Geographic structure of exports: EU-28 countries (≈31.0%), Africa (≈13.0%), European countries (≈14.5%), CIS (≈6.5%) and the Middle East (≈ 12.0%) and others.

Exports of iron ore raw materials from Ukraine in January-August 2021 amounted to 29.8 million tons, which is 3.1% less than the volume of external shipments in the same period of the previous year.

Imports of ferrous metals to Ukraine during 8 months of 2021 decreased by 4.1% (to 761.4 thousand tons).

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