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Ukraine cuts FX earnings from export of ferrous metals by 58% in Jan-Aug
KYIV. Sept 14 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in January-August this year reduced revenues from the export of ferrous metals by 58% compared to the same period last year, to $3.724 billion from $8.917 billion.
According to statistics released by the State Customs Service, ferrous metals accounted for 12.86% of total merchandise export earnings over this period compared to 21.34% in January-August 2021.
In August, proceeds from the export of ferrous metals amounted to $234.658 million.
At the same time, in January-August of this year, Ukraine reduced imports of similar products by 37.8%, to $558.954 million. In August, it was imported for $85.439 million.
In addition, during the specified period, Ukraine reduced the export of metal products by 8.9%, to $703.130 million. In August, they were exported for $70.961 million.
Imports of metal products in January-August decreased by 40.3%, to $413.181 million (in August – $61.941 million).
