Business news from Ukraine

Business news from Ukraine

Ukraine reduced pig iron exports by 3.4% in 2024

13 January , 2025  

In 2024, Ukraine reduced exports of processed pig iron in physical terms by 3.4% compared to 2023, to 1 million 290.622 thousand tons.

According to statistics released by the State Customs Service (SCS), pig iron exports in monetary terms decreased by 6.1% to $500.341 million during the period under review.

At the same time, exports were carried out mainly to the United States (72.64% of supplies in monetary terms), Turkey (8.03%) and Italy (7.30%).

For the whole of 2024, the country imported 38 tons of pig iron worth $90 thousand from Germany (in January, March, May, June, July, August, October and November, there were no imports), while in the same period in 2023, it imported 154 tons of pig iron worth $156 thousand.

As reported, in 2023, Ukraine decreased exports of processed pig iron in physical terms by 5.8% compared to 2022 – to 1 million 248.512 thousand tons, while exports in monetary terms decreased by 26.2% to $471.467 million. Deliveries were made mainly to Poland (51.91% of supplies in monetary terms), Spain (21.41%) and the United States (13.15%).

In 2023, Ukraine imported 154 tons of pig iron worth $156 thousand from Germany (42.31%), Brazil (41.67%) and Poland (16.03%), compared to 40 tons of pig iron worth $23 thousand in 2022.

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