Business news from Ukraine

Business news from Ukraine

Mining enterprises of Ukraine reduced export of iron ore by 35.3%

14 October , 2022  

Mining enterprises of Ukraine in January-September of the current year reduced the export of iron ore raw materials (IORM) in physical terms by 35.3% compared to the same period last year – up to 21 million 366.874 thousand tons.
According to statistics published by the State Customs Service (STS), for the specified period, foreign exchange earnings from the export of iron ore decreased by 55.2% – to $ 2 billion 666.161 million.
Iron ore was exported mainly to Slovakia (19.45% of supplies in monetary terms), Poland (16.99%) and the Czech Republic (16.03%).
During the specified period, iron ore was imported to Ukraine for $27 thousand in a total volume of 49 tons, while in January-September 2021 – for $158 thousand in a total volume of 1.175 thousand tons. Import was carried out from Norway (44.44%), Great Britain (40.74%) and Italy (11.11%).
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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