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In August, Ukraine increased its foreign exchange earnings from the export of scrap metal 40 times

Ukraine

Ukrainian enterprises received 34.41 million dollars in foreign currency earnings from the export of scrap metal in August 2021, compared with 848.72 thousand dollars in August 2020.

In August, Ukraine increased its foreign exchange earnings from the export of scrap metal 40 times

According to preliminary data from the State Customs Service of Ukraine, in August 2021, revenues from the export of ferrous scrap amounted to $ 34.41 million, which is 40 times more compared to $ 848.72 thousand in August 2020. In general, since the beginning of the year, Ukraine has increased its foreign exchange earnings from the export of scrap metal by 29.5 times compared to the same period last year - from $ 5.324 to $ 157.15 million.

General exports of ferrous metals and metallurgical raw materials from Ukraine in January-August amounted to 13.2 million tons 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%.

As reported, in 2020 Ukraine reduced the export of scrap metal by 15.1% compared to the previous year - to 35.824 thousand tons, in monetary terms, exports decreased by 19.4% - to 9.491 million tons.

At the end of 2020, revenue from the export of ferrous metals from Ukraine fell to $ 7.69 billion, or 11.9% compared to 2019.

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