In January-February of this year, Ukraine’s mining companies reduced exports of iron ore raw materials (IORM) by 40.9% in volume terms compared to the same period last year—to 3,309,055 thousand tons from 5,595,706 thousand tons.
According to statistics released by the State Customs Service (SCS) on Tuesday, 1,254,516 thousand tons of IOR were exported in February, and 2,054,539 thousand tons in January.
In the first two months of the year, foreign exchange earnings from mineral ore exports decreased by 42.1% to $260.130 million.
Mineral resources were exported mainly to China (33.37% of shipments in monetary terms), Slovakia (23.43%), and Poland (16.74%).
In addition, in January–February 2026, Ukraine imported 180 tons of raw materials worth $26,000 from Poland (76.92%) and Italy (23.08%); all shipments took place in January, whereas in January–February 2025, the country imported 11,000 tons worth $5,000.
As reported, Ukraine’s mining companies reduced ore exports in physical terms by 8% in 2025 compared to the previous year—to 30,995,363 thousand tons from 33,699,722 thousand tons, foreign exchange earnings decreased by 16.6%—to $2.337765 billion from $2.803223 billion. Exports were mainly directed to China (44.98% of shipments in monetary terms), Slovakia (17.15%), and Poland (16.09%).
In addition, in 2025, Ukraine imported $95,000 worth of raw materials totaling 130 tons from the Netherlands (46.32%), Italy (36.84%), and Norway (13.68%), whereas in the previous year it imported 2,042 thousand tons worth $414 thousand.
