Business news from Ukraine

Business news from Ukraine

Iron ore exports from Ukraine fell by 32.6% over first ten months

12 November , 2026  

In January–October of this year, Ukraine’s mining companies reduced exports of iron ore raw materials (IORM) by 32.6% in volume terms compared to the same period last year—to 17,916,342 metric tons from 26,565,296 metric tons.

According to statistics released by the State Customs Service (SCS) on Wednesday, 967,384 thousand metric tons of iron ore were exported in October, 1,174,008 thousand metric tons in September, in August—1,865,697 thousand metric tons of raw materials, in July—1,875,428 thousand metric tons, in June—2,021,299 thousand metric tons, in May—2,239,167 thousand metric tons of raw materials, in April – 2,163,837 thousand metric tons, in March – 2,300,467 thousand metric tons, in February – 1,254,516 thousand metric tons, in January – 2,054,539 thousand metric tons.

Over the first ten months of 2026, foreign exchange earnings from mineral ore exports decreased by 32.4% to $1,356,531,000.
Mineral resources were exported primarily to China (34.40% of shipments by value), Slovakia (21.65%), and Poland (17.1%).

In addition, in January–October 2026, Ukraine imported 246 metric tons of raw materials worth $74,000 from Italy (40.54%), the Netherlands (32.43%), and Poland (27.03%), whereas in January–October 2025, it imported 118,000 metric tons worth $86,000 from abroad.

As reported, Ukraine’s mining companies reduced ore exports in 2025 by 8% in volume terms compared to the previous year—to 30,995,363 metric tons from 33,699,722 metric tons, and foreign exchange earnings decreased by 16.6%—to $2,337,765 million from $2,803,223 million. Exports were primarily shipped 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 metric tons from the Netherlands (46.32%), Italy (36.84%), and Norway (13.68%), whereas in the previous year it imported 2,042 metric tons worth $414,000

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