Business news from Ukraine

Business news from Ukraine

Ukraine increased bauxite imports by 77% in 2024

13 January , 2025  

In 2024, Ukraine increased imports of aluminum ore and concentrate (bauxite) in physical terms by 77.4% year-on-year to 35.173 thousand tons.

According to statistics released by the State Customs Service, bauxite imports in monetary terms increased by 74% to $4.107 million during the period.

The imports came mainly from Turkey (78.48% of supplies in monetary terms), China (19.48%) and Spain (1.9%).

Ukraine did not re-export bauxite in 2024, as well as in 2023.

As reported, in 2022, Ukraine reduced imports of aluminum ore and concentrate (bauxite) in physical terms by 81.5% compared to the previous year, to 945.396 thousand tons. Imports of bauxite in monetary terms decreased by 79.6% to $48.166 million. Imports were mainly from Guinea (58.90% of supplies in monetary terms), Brazil (27.19%) and Ghana (7.48%).

In 2023, Ukraine imported 19,830 thousand tons of bauxite worth $2.360 million.

Bauxite is an aluminum ore used as a raw material to produce alumina, which is used to make aluminum. They are also used as fluxes in ferrous metallurgy.

Mykolaiv Alumina Plant (MAP) imports bauxite to Ukraine.

,