Business news from Ukraine

Ukraine decreased pig iron exports by 1.6%

10 October , 2023  

In January-September of this year, Ukraine reduced pig iron exports in physical terms by 1.6% compared to the same period last year, to 1 million 60,091 thousand tons.

According to statistics released by the State Customs Service (SCS), pig iron exports in monetary terms amounted to $405.961 million in the period under review (down 26.3%).

At the same time, exports were carried out mainly to Poland (56.92% of supplies in monetary terms), Spain (22.05%) and the United States (6.51%).

In the first nine months of 2023, Ukraine imported 78 tons of pig iron worth $129 thousand from Germany (49.61%) and Brazil (50.39%), while no pig iron was imported in June and July. In the same period last year, 15 tons of pig iron were imported from Germany for $25 thousand.

As reported, in 2022, Ukraine reduced exports of processed pig iron by 59% in physical terms compared to the previous year – to 1 million 325.275 thousand tons, and by 61.1% in monetary terms – to $638.774 million.

In 2022, Ukraine imported 40 tons of pig iron worth $23 thousand, while in 2021 it imported 185 tons of pig iron worth $226 thousand.

Exports were made mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%), and Turkey (8.12%), while imports were made from Germany (100%).

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