Ukraine’s exports of semi-finished products fell by a third in May

Revenue from exports of iron ore decreased by 12.8% over the five months

Ukraine’s exports of semi-finished products fell by 28.3% to 522.5 thousand tons in May 2020 compared to May last year.

In monetary terms, exports of semi-finished products decreased by 42.3% to $181.5 million,

according to the customs statistics.

Exports of semi-finished products in May decreased by 3.2%, but increased by 1.3% in physical terms against April 2020.

In January–May, Ukrainian steelmakers exported 3.086 million tons of semi-finished products. This is 0.8% up from the first five months of 2019. Revenue of Ukraine’s steelmaking companies decreased by 12.8% to $1.14 billion.

The main export markets were Italy (27.62%), Turkey (15.72%), and Bulgaria (6.92%).

In 2019, exports of semi-finished products from Ukraine dropped by 4.8% to $2.9 billion against last year. Conversely, exports of semi-finished products in physical terms grew by 12% to 7.47 million tons.