Imports of long products to Ukraine increased by 58% m/m in April

In April 2024, imports of long products to Ukraine increased by 57.6% compared to the previous month – to 13.3 thousand tons. Compared to April 2023, imports fell by 19%. This is evidenced by the data of the State Customs Service.

Expenditures on imports increased by 34.3% compared to March and decreased by 13.9% compared to the same month last year – to $14.15 million.

In January-April, imports of long products to Ukraine increased by 9.9% year-on-year – to 39.1 thousand tons. Imports in monetary terms increased by 6% y/y – to $44.48 million.

The bulk of imports came from angles, shapes and special profiles made of non-alloy steel (HS 7216) – 19.71 thousand tons worth $16.95 million. Supplies of such products to Ukraine in April increased by 54.7% m/m and 32% y/y. Import costs amounted to $5.96 million (+51.1% m/m, +27.6% y/y). Turkey is the key supplier of angles, shapes and special profiles, accounting for 61.4% of supplies in monetary terms.

Also in January-April, Ukrainian consumers imported 7.45 thousand tons of other rods and bars of carbon steel, untreated, twisted (HS 7214) for $7.03 million, and in April – 2.78 thousand tons (+121.5% m/m; -67.4% y/y) for $2.44 million (+33.7% m/m; -64.3% y/y). Turkish producers shipped 62.6% of the total imports to the Ukrainian market.

Imports of other rods and bars of other alloyed steels (HS 7228) reached 3.87 thousand tons, worth $6.06 million. In April, Ukraine imported 1.02 thousand tons (+42.2% m/m, -9.8% y/y) of the corresponding products worth $1.58 million (+49.1% m/m, -5.9% y/y). Turkey accounted for 30.4% of the relevant products.

These three types of long products accounted for more than 79% 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.