Business news from Ukraine

Business news from Ukraine

Ukraine reduced exports of pig iron by 59%

19 January , 2023  

Ukraine in 2022 reduced the export of pig iron in physical terms by 59% compared to the previous year – up to 1 million 325.275 thousand tons.
According to statistics released by the State Customs Service (SCS), during this period, the export of pig iron in monetary terms decreased 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%), imports – from Germany (100%).
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, the export of pig iron in monetary terms increased by 78.1% – to $ 1 billion 642.596 million. In this export was carried out mainly in the United States (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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