In January-May this year, Ukrainian mining companies reduced exports of iron ore in physical terms by 12.8% year-on-year to 13 million 545,967 thousand tons from 15 million 542,428 thousand tons.
According to the statistics released by the State Customs Service on Friday, during this period, foreign exchange earnings from the export of iron ore decreased by 21.5% to $1 billion 73.888 million from $1 billion 367.161 million.
Exports of iron ore were carried out mainly to China (44.98% of supplies in monetary terms), Slovakia (17.17%) and Poland (16.65%).
In addition, in January-May 2025, Ukraine imported iron ore worth $46 thousand in the amount of 65 tons from the Netherlands (46.67%), Norway (28.89%) and Italy (24.44%), while in the same period last year it imported 303 tons worth $121 thousand.
As reported, in 2024, Ukraine increased exports of iron ore by 89.8% compared to 2023 – up to 33 million 699.722 thousand tons, while foreign exchange earnings increased by 58.7% to UAH 2 billion 803.223 million.
In 2024, Ukraine imported iron ore worth $414 thousand in a total volume of 2,042 thousand tons, while in 2023, 250 tons of this raw material were imported for $135 thousand.
In 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons. Foreign exchange earnings amounted to $1 billion 766.906 million (down 39.3%). The company imported iron ore for $135 thousand, totaling 250 tons.
