Imports of long products to Ukraine increased by 19.2% m/m in January

In January 2024, imports of long products to Ukraine increased by 19.2% compared to the previous month – to 10.02 thousand tons. Compared to January 2023, imports increased by 30.3%. This is evidenced by the data of the State Customs Service.

The cost of importing products for the month increased by 13.4% compared to December 2023, and by 16.6% compared to the same month last year – to $10.96 million.

The bulk of imports came from angles, shapes and special profiles made of unalloyed steel (HS 7216) – 6.34 thousand tons. Supplies of such products to Ukraine increased by 52.5% m/m in January. In January 2023, it was not imported. Import costs amounted to $5.23 million (+49.3% m/m). Turkiye is the key supplier of angles, shapes and special profiles, accounting for 63.3% of supplies in monetary terms.

Also in January, Ukrainian consumers imported 1.03 thousand tons of other rods and bars of carbon steel, untreated, twisted (HS 7214), down 41.6% m/m and 79.4% y/y. Import costs amounted to $952 thousand (-41.6% m/m, -76.9% y/y). Turkish producers shipped 55% of the total imports to the Ukrainian market.

Imports of other rods and bars of other alloy steels (HS 7228) reached 1.01 thousand tons, up 69.5% compared to December and 12.3% less y/y. The value of imports amounted to $1.71 mln, up 3.6% m/m and 9% y/y. Turkiye imported 29.5% of the relevant products.

These three types of long products accounted for more than 83% of the total imports of the relevant products to Ukraine. Other product suppliers include Germany, Poland, the Czech Republic, India, China, Malaysia, and others.

As GMK Center reported earlier, in 2023, Ukraine increased imports of long products by 28% compared to 2022, to 167.13 thousand tons. Import costs increased by 17.4% y/y – to $174.61 million over the year. Most of all, the company imported angles, shapes and special profiles made of unalloyed steel (HS 7216) – 65.67 thousand tons for $56.84 million.