In January-August of this year, Ukrainian mining companies reduced their exports of iron ore raw materials (IORM) by 7% in real terms compared to the same period last year, from 23 million 318,681 thousand tons to 21 million 679,221 thousand tons.
According to statistics released by the State Customs Service (SCS), foreign currency proceeds from iron ore exports decreased by 19.6% during this period, from $2 billion 32.671 million to $1 billion 633.454 million.
Exports of raw materials were mainly to China (43.71% of shipments in monetary terms), Slovakia (17.72%), and Poland (16.87%).
In addition, in January-August 2025, Ukraine imported mineral resources worth $58 thousand in the amount of 86 tons from Italy (40.35%), the Netherlands (36.84%), and Norway (22.81%), while in the same period last year it imported 794 tons worth $223,000.
As reported, in 2024, Ukraine increased its exports of raw materials by 89.8% compared to 2023, to 33 million 699.722 thousand tons, and foreign exchange earnings grew by 58.7%, to $2 billion 803.223 million UAH.
In 2024, Ukraine imported mineral resources worth $414,000 in a total volume of 2,042 tons, while in 2023, 250 tons of these raw materials were imported worth $135,000.
In 2023, Ukraine reduced its exports of raw materials by 26% in real terms compared to 2022, to 17 million 753,165 tons.
Foreign exchange earnings amounted to $1 billion 766.906 million (a decrease of 39.3%). Raw materials worth $135 thousand were imported, totaling 250 tons.
