Business news from Ukraine

Business news from Ukraine

Ukraine reduced exports of pig iron by 58%

22 December , 2022  

Ukraine in January-November this year, Ukraine reduced the export of pig iron in physical terms by 57.8% compared to the same period last year – up to 1 million 227.821 thousand tons.
According to statistics released by the State Customs Service (SCS), exports of pig iron in monetary terms fell by 59.7% to $602.691 million over the period.
In January-November 2022, Ukraine imported 40 tons of pig iron worth $23 thousand, while in 11M2021, it imported 172 tons of pig iron worth $202 thousand.
As reported, Ukraine in 2021 increased the export of pig iron in volume terms by 4.2% compared to 2020 – up to 3 million 235.772 thousand tons, iron exports in monetary terms increased by 78.1% to $ 1 billion 642.596 million. In this export was carried out mainly in the U.S. (53.61% of supplies in monetary terms), Italy (22.08%) and Turkey (9.74%).
In 2021, Ukraine imported 185 tons of cast iron worth $226 thousand from Germany (74.34%), Russia (20.35%) and Slovakia (5.31%), while in 2020, Ukraine imported 593 tons worth $417 thousand.

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