Business news from Ukraine

Business news from Ukraine

Ukraine increased imports of bauxite by 47%

14 November , 2024  

In January-October this year, Ukraine increased imports of aluminum ore and concentrate (bauxite) in physical terms by 46.8% compared to the same period last year, up to 19,842 thousand tons.
According to the statistics released by the State Customs Service (SCS), bauxite imports in monetary terms increased by 50.9% to $2.681 million during this period.
The imports came mainly from Turkey (70.31% of supplies in monetary terms), China (26.67%) and Spain (2.91%).
Ukraine did not re-export bauxite in the same period of this year as in January-October 2023.
As reported, in 2022, Ukraine reduced imports of aluminum ore and concentrate (bauxite) in physical terms by 81.5% compared to the previous year – to 945.396 thousand tons. Imports of bauxite in monetary terms decreased by 79.6% to $48.166 million. Imports were mainly from Guinea (58.90% of supplies in monetary terms), Brazil (27.19%) and Ghana (7.48%).
In 2023, Ukraine imported 19,830 thousand tons of bauxite worth $2,360 million.
Bauxite is an aluminum ore used as a raw material to produce alumina, which is used to make aluminum. They are also used as fluxes in ferrous metallurgy.
Mykolaiv Alumina Plant (MAP) imports bauxite to Ukraine.

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