In January-October this year, Ukrainian mining companies increased their exports of iron ore by 96% in physical terms compared to the same period last year, up to 27 million 790.352 thousand tons.
According to the statistics released by the State Customs Service (SCS), foreign exchange earnings from iron ore exports increased by 59.4% to $2 billion 341.865 million in the period under review.
Exports of iron ore were carried out mainly to China (34.88% of supplies in monetary terms), Poland (17.47%) and Slovakia (16.85%).
In January-October 2024, Ukraine imported iron ore worth $261 thousand in the total volume of 835 tons, while in January-October 2023, it imported $118 thousand in the total volume of 168 tons. Imports this year were carried out from the Netherlands (36.26%), Poland (24.43%) and Norway (21.37%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.
