Business news from Ukraine

Business news from Ukraine

Ukraine increased pig iron exports by 6.4% in January-August

11 September , 2023  

In January-August this year, Ukraine increased exports of pig iron in physical terms by 6.4% year-on-year to 934.196 thousand tons.

According to statistics released by the State Customs Service (SCS), pig iron exports in monetary terms amounted to $356.293 million in the period under review (down 25.1%).

At the same time, exports were carried out mainly to Poland (63.07% of supplies in monetary terms), Spain (20.66%) and the Czech Republic (7.05%).

In the first eight months of 2023, Ukraine imported 65 tons of pig iron worth $97 thousand from Germany (32.99%) and Brazil (67.01%), while no imports of pig iron were made in June and July.

As reported, in 2022, Ukraine reduced pig iron exports 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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