Business news from Ukraine

Business news from Ukraine

Ukraine increased exports of pig iron by 18%

14 May , 2023  

Ukraine in January-April of this year increased the export of pig iron in physical terms by 18.3% compared to the same period last year – up to 533.844 thousand tons.
According to statistics released by the State Customs Service (SCS), exports of pig iron in monetary terms amounted to $203.125 million (a decrease of 7.7%) for the period.
At that, export was carried out mainly to Poland (60.42% of supplies in monetary terms), Spain (15.23%) and the Czech Republic (9.84%).
During the first four months of the year, Ukraine imported 32 tons of pig iron worth $42 thousand from Germany (52.38%) and Brazil (47.62%), whereas in January-April 2022, the country imported 15 tons of pig iron worth $25 thousand from Germany.
As reported, in 2022, Ukraine reduced the exports of pig iron in volume terms by 59% compared to the previous year – up to 1 million 325.275 tons, in monetary terms by 61.1% – to $638.774 million.
In 2022, Ukraine imported 40 tons of cast iron worth $23 thousand, while in 2021 – 185 tons of cast iron worth $226 thousand.
Exports were mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%) and Turkey (8.12%), and imports were from Germany (100%).

,