Imports of long products to Ukraine increased by 30.8% m/m in May

In May 2024, imports of long products to Ukraine increased by 30.8% compared to the previous month – to 17.4 thousand tons. Compared to May 2023, imports increased by 21.6%. This is evidenced by the data of the State Customs Service.

Expenditures on imports increased by 12.8% compared to April, and by 6.4% compared to the same month last year – up to $15.97 million.

In January-May, imports of long products to Ukraine increased by 13.2% year-on-year – to 56.5 thousand tons. Imports in monetary terms increased by 6.1% y/y – to $60.4 million.

The bulk of imports came from angles, shapes and special profiles made of non-alloy steel (HS 7216) – 27.47 thousand tons worth $23.15 million. Supplies of such products to Ukraine in May increased by 10.8% m/m and 29.1% y/y. Import costs amounted to $6.2 million (+4% m/m, +18.3% y/y). Turkey is the key supplier of angles, shapes and special profiles, accounting for 63.7% of supplies in monetary terms.

In January-May, Ukrainian consumers also imported 11.53 thousand tons of other rods and bars of carbon steel, untreated, twisted (HS 7214) for $9.81 million, and in May – 4.07 thousand tons (+46.3% m/m; -17.4% y/y) for $2.78 million (+13.8% m/m; -29.5% y/y). Turkish producers shipped 70.7% of the total imports to the Ukrainian market.

Imports of other rods and bars of other alloyed steels (HS 7228) reached 4.84 thousand tons worth $7.63 million. In May, the country imported 0.96 thousand tons (-5.1% m/m, -43.4% y/y) of the corresponding products worth $1.57 million (-1.1% m/m, -39% y/y). Turkey accounted for 30.1% of the relevant products.

These three types of long products accounted for more than 77% of 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.