Business news from Ukraine

Business news from Ukraine

Ukraine increased aluminum imports by 21% to $333 mln in January-September

15 October , 2024  

Ukrainian companies increased imports of aluminum and aluminum products by 21.1% to $333.056 million in January-September this year ($40.325 million in September).
According to customs statistics released by the State Customs Service of Ukraine, exports of aluminum and aluminum products in the first nine months of 2024 increased by 30.3% year-on-year to $93.318 million ($10.352 million in September).
In 2023, exports of aluminium and aluminium 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three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber).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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