Business news from Ukraine

Ukraine exported $54 mln worth of aluminum and aluminum products in first half of year

20 July , 2024  

According to customs statistics released by the State Customs Service of Ukraine, exports of aluminum and aluminum products in the first six months of 2024 increased by 12.8% year-on-year to $54.175 million ($10.383 million in June).
In 2023, Ukraine increased imports of aluminum and aluminum products by 7.7% to $366.463 million.
Last year, exports of aluminum and aluminum products increased by 0.7% compared to 2022 to $97.616 million. In addition, in 2022, Ukraine reduced imports of aluminum and aluminum products by 33.4% to $340.398 million.
In 2022, exports of aluminum and aluminum products decreased by 42.7% compared to 2021, to $96.972 million.
Aluminum is widely used as a structural material. The main advantages of aluminum in this capacity are its lightness, stamping resistance, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber). After the construction and production of packaging, such as aluminum cans and foil, the energy sector is the largest consumer of the metal.

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