Business news from Ukraine

Business news from Ukraine

Mining enterprises of Ukraine in January-October significantly reduced the export of iron ore

17 November , 2022  

Mining enterprises of Ukraine in January-October of this year reduced the export of iron ore raw materials (IORM) in kind by 38.9% compared to the same period last year – up to 22 million 436.474 thousand tons.

According to statistics released by the State Customs Service (STS), over the specified period, foreign exchange earnings from the export of iron ore decreased by 56.2% – to $2 billion 768.743 million.

During the specified period, IORM was imported to Ukraine for $42 thousand in a total volume of 74 tons, while in January-October 2021 – for $160 thousand in a total volume of 1.175 thousand tons.

As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).

Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).

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