Business news from Ukraine

Business news from Ukraine

Ukraine increases pig iron exports by 16.6%

9 August , 2023  

Ukraine in January-July of this year increased exports of pig iron in physical terms by 16.6% compared to the same period last year – up to 906.423 thousand tons.

According to statistics released by the State Customs Service (SCS), for the period exports of pig iron in monetary terms amounted to $346.880 million (down 18.1%).

At the same time, exports were mainly to Poland (63.56% of shipments in monetary terms), Spain (19.87%) and the Czech Republic (7.24%).

For seven months of 2023 Ukraine imported 37 tons of pig iron for $52 thousand from Germany (61.54%) and Brazil (38.46%), with no imports in June and July.

As reported, Ukraine in 2022 reduced exports of pig iron in physical terms by 59% year-on-year to 1 million 325.275 thousand tons, 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 – 185 tons of pig iron worth $226 thousand.

Exports were mainly to the USA (38.47% of shipments in monetary terms), Poland (32.91%) and Turkey (8.12%), imports – from Germany (100%).

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