In January–May of this year, Ukraine’s iron ore mining companies reduced iron ore exports by 26.1% in volume terms compared to the same period last year—to 10,125,260 tons from 13,545,967 tons.
According to statistics released by the State Customs Service (SCS) on Friday, 2,239,167 thousand tons of IOR were exported in May, 2,163,837 thousand tons in April, 2,300,467 thousand tons in March, in February – 1,254,516 thousand tons, and in January – 2,054,539 thousand tons.
In the first five months of the year, foreign exchange earnings from mineral ore exports decreased by 28.6% to $766.946 million.
Mineral ore exports were mainly shipped to China (44.10% of shipments in monetary terms), Slovakia (18.09%), and Poland (14.73%).
In addition, Ukraine imported 224 tons of raw materials worth $62,000 from the Netherlands (38.71%), Poland (32.26%), and Italy (29.03%) in January–May 2026, whereas in January–May 2025, it imported 65,000 tons worth $46,000.
As reported, Ukraine’s mining enterprises reduced ore exports in physical terms by 8% in 2025 compared to the previous year—to 30,995,363 tons from 33,699,722 tons, foreign exchange earnings decreased by 16.6%—to $2.337765 billion from $2.803223 billion. Exports were mainly directed to China (44.98% of shipments in monetary terms), Slovakia (17.15%), and Poland (16.09%).
In addition, in 2025, Ukraine imported $95,000 worth of raw materials totaling 130 tons from the Netherlands (46.32%), Italy (36.84%), and Norway (13.68%), whereas in the previous year it imported 2,042 tons worth $414,000.
