Home / News / Ukraine / Ferrous metallurgy enterprises provided 78% of the foreign exchange earnings of the Donetsk region in 2020

Ferrous metallurgy enterprises provided 78% of the foreign exchange earnings of the Donetsk region in 2020

Ukraine

The annual value of the export of ferrous metals from the Donetsk region amounted to 3 billion 54 million dollars, which is 12.2% less than in 2019.

Ferrous metallurgy enterprises provided 78% of the foreign exchange earnings of the Donetsk region in 2020

Foreign exchange earnings from the export of goods by business entities of the Donetsk region (excluding part of the temporarily occupied territory) in 2020 amounted to 3 billion 935 million US dollars. The region provided 8.0% of the total value of exported goods in Ukraine as a whole and took third place after the city of Kiev and Dnepropetrovsk region.

Compared to 2019, foreign exchange earnings from the export of goods by enterprises of the Donetsk region decreased by 15.0%. The dynamics of the indicator in 2020 was influenced by the restrictions introduced due to the coronavirus pandemic. This was especially felt in the second quarter, when the decline in exports compared to the same quarter of 2019 was 28.3%. Later, there was a gradual recovery in demand, and in the fourth quarter of 2020, foreign exchange earnings of enterprises in the region increased by 1.7% compared to the previous quarter, and by 18.1% against the second quarter.

During 2020, the negative trend of price decline in foreign markets for the sale of ferrous metals continued, which provided 77.6% of foreign exchange earnings from the export of all goods. The annual value of the export of ferrous metals amounted to 3 billion 54 million dollars, which is 12.2% less than in 2019. The weighted average price of a ton of exported metal decreased by 11.3%, as a result of which 389.5 million dollars of foreign exchange earnings were lost.

The decline in demand and prices affected in 2020 the sales markets not only for ferrous metals, but also for other products, and a decrease in foreign exchange earnings received by enterprises in the region was recorded across all continents, except for the Asian market.

Foreign exchange earnings from the export of goods to the European market, amounting to $ 1 billion 870 million in 2020, or 47.5% of the total, decreased by 19.5% compared to 2019.

Exports of goods to Asian countries in 2020 amounted to $ 966.6 million (24.6% of the total), which is 3.1% more than in the previous year. This was achieved due to the growth of supplies to Turkey and China.

Exports of goods to the Americas decreased by 12.1% compared to 2019, amounting to $ 296.5 million, or 7.5%.

The value of goods delivered to the African continent decreased by 33.6% in 2020, amounting to $ 142.4 million, or 3.6% of the total.

All enterprises of Donetsk region exported products to 114 countries of the world.

Italy is in first place, where goods worth $ 862.8 million were exported in 2020 (21.9% of the total), which is 22.3% less than in 2019. At the same time, 92.2% of foreign exchange earnings from the export of all goods by regional enterprises to Italy are provided by ferrous metals.

Almost the same volumes of goods were sent to the Russian Federation and Turkey, but the dynamics of exports, as well as its structure, were different.

Deliveries to the Russian Federation compared to 2019 decreased by 17.5% and amounted to $ 488.5 million, or 12.4% of the total (second place). More than half (51.6%) of exported mechanical engineering products of the region were sent to Russia.

МЕТАЛЛУРГПРОМ
Add a comment
Сomments (0)
To comment
Войти с ВК Войти с ФБ Войти с Яндекс
Sign in with:
Войти с ВК Войти с ФБ Войти с Яндекс