Business news from Ukraine

Ukraine reduced exports of pig iron by 57%, 39% of deliveries fell on USA

24 August , 2022  

Ukraine in January-July this year reduced the export of pig iron in physical terms by 57.3% compared to the same period last year – up to 777.208 thousand tons.
According to statistics published by the State Customs Service (SCS), over the specified period, the export of pig iron in monetary terms decreased by 54.2% – to $423.821 million.
At the same time, exports were carried out mainly to the USA (39.02% of deliveries in monetary terms), Poland (33.76%) and Turkey (10.32%).
In January-July 2022, Ukraine imported 15 tons of pig iron from Germany for $25 thousand, while in 7 months of 2021 it imported 30.294 thousand tons of this product for $84.065 million from Brazil (19.16%), Kazakhstan (17.13% ) and RF (10.97%).
As reported, Ukraine in 2021 increased the export of pig iron in physical terms by 4.2% compared to 2020 – up to 3 million 235.772 thousand tons, the export of pig iron in monetary terms increased by 78.1% – up to $1 billion 642.596 million At the same time, exports were carried out mainly to the USA (53.61% of deliveries in monetary terms), Italy (22.08%) and Turkey (9.74%).
In 2021, Ukraine imported 185 tons of pig iron worth $226 thousand from Germany (74.34%), the Russian Federation (20.35%) and Slovakia (5.31%), while in 2020 it imported 593 tons worth $417 thousand.

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