Business news from Ukraine

Ukrainian mining companies reduced iron ore exports by 30.5% in real terms

18 December , 2023  

In January-November this year, Ukrainian mining companies reduced exports of iron ore in physical terms by 30.5% year-on-year to 16 million 145,920 thousand tons.

According to the statistics released by the State Customs Service (SCS), foreign exchange earnings from iron ore exports amounted to $1 billion 624.403 million (down 42.8%) in the period under review.

Iron ore was exported mainly to Slovakia (28.73% of supplies in monetary terms), Poland (20.20%) and the Czech Republic (20.18%).

In January-November of this year, Ukraine imported iron ore worth $131 thousand in the total volume of 244 tons. Imports during this period came from Norway (35.88%), the Netherlands (29.77%) and Italy (26.72%). At the same time, during the same period in 2022, iron ore worth $62 thousand was imported in a total volume of 96 tons.

As reported, in 2022, Ukraine decreased the export of iron ore in physical terms by 45.9% compared to 2021 – to 23 million 984.623 thousand tons, while foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million.

Iron ore was exported mainly to Slovakia (19.23% of supplies in monetary terms), the Czech Republic (17.32%) and Poland (16.49%).

Last year, Ukraine imported iron ore worth $65 thousand in a total volume of 101 tons, while in 2021 – $184 thousand in a volume of 1,202 thousand tons.

Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).

,