Business news from Ukraine

Business news from Ukraine

Ukraine reduced exports of pig iron by 30%

25 February , 2023  

Ukraine in January this year reduced the export of pig iron in physical terms by 29.6% compared to the same period last year – to 135.073 thousand tons.
According to statistics released by the State Customs Service (SCCS), exports of pig iron in monetary terms fell by 47.4% to $48.513 million for the period.
At that, exports were carried out mainly to Spain (38.10% of supplies in money terms), Poland (37.40%) and Italy (21.10%).
In the first month of the year, Ukraine did not import pig iron, as in January 2022.
As reported, Ukraine in 2022, Ukraine reduced the export of pig iron in volume terms by 59% compared to the previous year – up to 1 million 325.275 thousand 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%).

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