The positive balance of Ukraine's foreign trade in ferrous metals in January-July 2026 decreased by approximately 24% to $655 million, according to Open4Business calculations based on data from the State Customs Service.
For seven months, Ukraine exported ferrous metals for $1.678 billion, while imports amounted to $1.023 billion.
For the same period In 2025, exports reached $1.816 billion, and imports, based on its current growth of 7.2%, amounted to about $954 million. Thus, then the trade surplus was approximately at the level of $862 million. production to the country increased by 7.2%.
In July, the gap between export and import narrowed even more: export of ferrous metals amounted to $199.9 million, import - $176.4 million.
Despite the worsening dynamics, trade in ferrous metals remains surplus for Ukraine. However, the advantage of exports over imports becomes significantly smaller.
Source: State Customs Service of Ukraine, Open4Business calculations.
