Business news from Ukraine

Business news from Ukraine

Ukraine increased imports of bauxite by 5%

12 August , 2024  

In January-July this year, Ukraine increased imports of aluminum ore and concentrate (bauxite) in physical terms by 5% compared to the same period last year, up to 6,772 thousand tons.
According to statistics released by the State Customs Service (SCS) on Friday, bauxite imports in monetary terms increased by 22.8% to $980 thousand during this period.
At the same time, imports were carried out mainly from Turkey (63.81% of supplies in monetary terms), China (28.64%) and Spain (7.54%).
Ukraine did not re-export bauxite in the same period of this year as in January-July 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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