Business news from Ukraine

Ukraine decreased pig iron exports by 5.8%

19 January , 2024  

In 2023, Ukraine decreased exports of processed pig iron in physical terms by 5.8% compared to 2022, to 1 million 248.512 thousand tons.

According to statistics released by the State Customs Service (SCS), pig iron exports in monetary terms amounted to $471.467 million in the period under review (down 26.2%).

At the same time, exports were carried out mainly to Poland (51.91% of supplies in monetary terms), Spain (21.41%) and the United States (13.15%).

In 2023, Ukraine imported 154 tons of pig iron worth $156 thousand from Germany (42.31%), Brazil (41.67%) and Poland (16.03%), compared to 40 tons of pig iron worth $23 thousand in 2022.

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