In January this year, Ukrainian mining companies reduced exports of iron ore raw materials (IORM) in physical terms by 34.4% compared to the same period last year, from 3 million 132,403 thousand tons to 2 million 54,539 thousand tons.
According to statistics released by the State Customs Service (SCS) on Tuesday, 2 million 220.646 thousand tons of iron ore raw materials were exported in December.
In the first month of the year, foreign exchange earnings from iron ore raw materials exports decreased by 35.1% to $160.246 million.
Exports of raw materials were mainly to China (35.09% of shipments in monetary terms), Slovakia (17.56%), and Poland (16.89%).
In addition, in January 2026, Ukraine imported 180 tons of mineral resources worth $26 thousand from Poland (76.92%) and Italy (23.08%), while in January 2025, it did not import these products.
As reported, in 2025, Ukrainian mining companies reduced their exports of mineral resources in physical terms by 8% compared to the previous year, to 30 million 995.363 thousand tons from 33 million 699.722 thousand tons, and foreign exchange earnings decreased by 16.6% to $2 billion 337.765 million from $2 billion 803.223 million. Exports were mainly to China (44.98% of shipments in monetary terms), Slovakia (17.15%), and Poland (16.09%).
In addition, in 2025, Ukraine imported $95 thousand worth of raw materials in the amount of 130 tons from the Netherlands (46.32%), Italy (36.84%), and Norway (13.68%), while in the previous year it imported 2,042 tons worth $414 thousand.
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 thousand in a total volume of 2,042 thousand tons, while in 2023, 250 tons of these raw materials were imported worth $135 thousand. In 2023, exports of iron ore raw materials decreased by 26% in physical 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 iron ore raw materials were imported for $135,000.
