Ukraine reduces forex earnings from export of ferrous metals by 45.7% for ten months

KYIV. Nov 8 (Interfax-Ukraine) – Metallurgical enterprises of Ukraine in January-October of this year reduced revenues from the export of ferrous metals by 45.7% compared to the same period last year – to $2.256 billion.

According to statistics released by the State Customs Service, ferrous metals accounted for 7.56% of total merchandise export earnings during the period, while the figure was 11.26% in the ten months of 2022.

In October, receipts from the export of ferrous metals amounted to $175.871 million, while in the previous month – $258.675 million.

At the same time, over the ten months of this year, Ukraine increased imports of similar products by 43.4% – to $1.103 billion. In October, products worth $124.012 million were imported.

In addition, in January-October, Ukraine decreased the export of metal products by 16.3% compared to the same period last year – to $756.184 million. In October, $62.852 million worth of products were exported.

At the same time, imports of metal products during this period increased by 35.5% – to $723.032 million. In October, $117.868 million worth of these products were supplied to Ukraine.

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