In January-March this year, Ukrainian mining companies reduced exports of iron ore by 5.7% in physical terms compared to the same period last year, to 8 million 492.479 thousand tons.
According to the statistics released by the State Customs Service on Tuesday, foreign exchange earnings from iron ore exports decreased by 20.3% to $687.788 million during this period.
Exports of iron ore were carried out mainly to China (46.46% of supplies in monetary terms), Poland (16.05%) and Slovakia (16.14%).
In January-March 2025, Ukraine imported iron ore worth $24 thousand in the amount of 43 tons from Norway (54.17%) and Italy (45.83%), while in the same period last year it imported 245 tons worth $67 thousand.
As reported, in 2024, Ukraine increased its 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 for $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 from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). In 2023, Ukraine imported iron ore worth $135 thousand in a total volume of 250 tons.
