Business news from Ukraine

Ukraine decreased pig iron exports by 3.2%

9 November , 2023  

In January-October this year, Ukraine reduced exports of processed pig iron in physical terms by 3.2% compared to the same period last year, to 1 million 113.079 thousand tons.

According to the statistics released by the State Customs Service (SCS), pig iron exports in monetary terms amounted to $423.414 million in the period under review (down 26.3%).

At the same time, exports were carried out mainly to Poland (56.20% of supplies in monetary terms), Spain (22.64%) and the United States (6.24%).

In ten months of 2023, Ukraine imported 79 tons of pig iron worth $132 thousand from Germany (50.38%) and Brazil (49.62%), while in October, imports of pig iron amounted to $1 thousand. In the same period last year, 16 tons of pig iron were imported from Germany for $29 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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