Business news from Ukraine

Business news from Ukraine

Ukraine reduced iron exports by 60%, 40% of supplies went to USA

14 September , 2022  

In January-August of this year, Ukraine reduced the export of marginal iron in physical terms by 59.6% compared to the same period last year – to 877,631 thousand tons.
According to statistics published by the State Customs Service (SSC), during the specified period, the export of pig iron in money decreased by 57.8% – to $475,533 million.
At the same time, exports were made mainly to the USA (40.42% of deliveries in monetary terms), Poland (33.23%) and Turkey (9.3%).
In January-August 2022, Ukraine imported 15 tons of pig iron from Germany for $25 thousand, while in 8 months of 2021 it imported 149 tons of pig iron for $163 thousand from Germany (64.42%), the Russian Federation (28.22%) and Slovakia (7.36%).
As reported, in 2021, Ukraine increased the export of pig iron in physical terms by 4.2% compared to 2020 – 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 At the same time exports were made 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 $226,000 from Germany (74.34%), the Russian Federation (20.35%) and Slovakia (5.31%), while in 2020 it imported 593 tons worth $417,000.

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