In January-November of this year, Ukrainian mining companies reduced exports of iron ore raw materials (IORM) in physical terms by 4.9% compared to the same period last year, from 30 million 250,394 thousand tons to 28 million 774,717 thousand tons.
According to statistics released by the State Customs Service (SCS) on Friday, foreign currency proceeds from iron ore exports decreased by 14% during this period, from $2 billion 530.162 million to $2 billion 176.431 million.
Exports of raw materials were mainly to China (44.94% of shipments in monetary terms), Slovakia (17.24%), and Poland (16.26%).
In addition, in January-November 2025, Ukraine imported mineral resources worth $92,000 in the amount of 128 tons from the Netherlands (47.83%), Italy (38.04%), and Norway (14.13%), while in the same period last year it imported 2,031 tons worth $409 thousand.
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, exports of raw materials decreased by 26% in real terms compared to 2022, to 17 million 753,165 thousand tons. Foreign exchange earnings amounted to $1 billion 766,906 million (a decrease of 39.3%). A total of 250 tons of raw materials were imported for $135,000.
