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Ukraine in March lost about 70% of foreign exchange earnings from the export of rolled metal

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According to the customs service, exports of ferrous metals from Ukraine in March amounted to $1.16 billion, while imports - $92.7 million.

Ukraine in March lost about 70% of foreign exchange earnings from the export of rolled metal

Ukrainian metallurgical enterprises in March 2022 reduced their revenue from the export of ferrous and non-ferrous metals by 67.2% or in monetary terms by $874 million compared to the same period last year (APPG). This was announced by the Chairman of the Committee on Finance, Tax and Customs Policy Danila Getmantsev.

Imports of metal products to Ukraine in March decreased by 83.5% year-on-year.

According to the customs service, exports of ferrous metals from Ukraine in March amounted to $1.16 billion, while imports - $92.7 million.

In general, exports of goods from Ukraine in March decreased by 52.4% - to $2.3 billion, and imports - by 65.2% to $2 billion. Compared to the previous month, exports fell by 54.2%, while imports fell by 65.8%.

Recall that in January-February 2022, the revenue of Ukrainian metallurgical enterprises from the export of ferrous metals increased by 34.8% compared to the same period in 2021, to $2.04 billion. Imports grew by 86.8% to $230 million.

According to the results of last year, the proceeds from the export of ferrous metals from Ukraine grew by 81.4% compared to the previous year - up to $13.96 billion.

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