Russia

Ukraine's metal exports fall more than threefold from 2021 level

TASS English · 2026-07-25

AI SUMMARY

• What happened: Ukraine's metal exports have plummeted from $15.7 billion in 2021 to $4.7 billion in 2025, with the share of metals in total exports dropping from 19% to 7.4%. • Why it matters: The decline in metal exports, attributed to plant shutdowns and maritime export restrictions, has resulted in an estimated loss of $40 billion for Ukraine since 2022, impacting the country's economy significantly. • What to watch next: Ukrainian steelmakers are expected to face further challenges due to a reduction in the EU's steel import quota, which may exacerbate the ongoing economic difficulties.

Ukraine's metal exports fall more than threefold from 2021 level The share of metals in Ukraine's total exports declined from 19% to 7.4%.MOSCOW, July 25. /TASS/. Ukraine's metal exports in value terms declined from $15.7 bln in 2021 to $4.7 bln in 2025, while totaling $1.7 bln in the first six months of 2026, according to TASS calculations based on data from the country's National Bank. The share of metals in Ukraine's total exports also declined from 19% to 7.4%. Overall, since 2022, Ukraine has lost about $40 bln due to lower metal exports caused by plant shutdowns and restrictions on maritime exports. Ukrainian steelmakers are also expected to face further losses in the near future due to a reduction in the EU's steel import quota. 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Source: TASS English
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