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Steel Exports Report: Ukraine
Background
In 2017, Ukraine was the world’s eleventh largest steel exporter. In 2018, Ukraine exported 15.1 million metric tons of steel, a 1 percent decrease from 15.2 million metric tons in 2017. Ukraine’s exports represented about 4 percent of all steel exported globally in 2018, based on available data. The volume of Ukraine’s 2018 steel exports was roughly one-fifth that of the world’s largest exporter, China. In value terms, steel represented 18 percent of the total value of goods Ukraine exported in 2018.
Ukraine exports steel to more than 120 countries and territories. The 10 countries highlighted in the map below represent the top markets for Ukraine’s exports of steel, each receiving more than 350,000 metric tons, and cumulatively accounting for 63 percent of Ukraine’s steel
Over the past decade, Ukraine has maintained a trade surplus in steel mill products. Between 2009 and 2013, Ukraine’s steel trade surplus averaged 23.1 million metric tons per year. Ukraine has seen a near steady decline in its steel trade balance between 2014 and 2018, falling an average of 2.3 million metric tons a year. Ukraine’s steel trade surplus nonetheless stood at 13.6 million metric tons in 2018, down 2 percent from 13.8 million metric tons in 2017.
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