Business news from Ukraine

Business news from Ukraine

Ukraine reduced pig iron exports by 9.6% in January but increased revenue

22 February , 2025  

In January of this year, Ukraine reduced exports of processed pig iron by 9.6% in physical terms compared to the same period last year, to 128.592 thousand tons.

According to statistics released by the State Customs Service (SCS), pig iron exports in monetary terms increased by 3.2% to $51.581 million in the period under review.

Exports were mainly to the United States (89.95% of shipments in monetary terms), the Netherlands (3.83%) and Poland (3.48%).

In the first month of the year, the country did not import pig iron, as it did in January 2014.

As reported, in 2024, Ukraine reduced exports of processed pig iron by 3.4% in physical terms compared to 2023 – to 1 million 290.622 thousand tons, and by 6.1% in monetary terms – to $500.341 million. Exports were mainly to the United States (72.64% of supplies in monetary terms), Turkey (8.03%) and Italy (7.30%).

In 2024, the country imported 38 tons of pig iron worth $90 thousand from Germany, while in the same period of 2023 it imported 154 tons of pig iron worth $156 thousand.

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