Business news from Ukraine

Business news from Ukraine

Aluminum imports up 22% in 11 months, exports up 30%

23 December , 2024  

In January-November 2024, Ukraine increased imports of aluminum and aluminum products by 22.29% to $409.063 million, while exports increased by 30% to $115.982 million.
In November, aluminum imports amounted to $32.794 million, while exports amounted to $10.423 million.
In addition, in 2023, Ukraine increased imports of aluminum and aluminum products by 7.7% to $366.463 million.
In 2023, exports of aluminum and aluminum products increased by 0.7% compared to 2022, to $97.616 million.
Aluminum is widely used as a structural material. The main advantages of aluminum 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three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber).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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