Business news from Ukraine

Ukraine reduces iron ore exports by 76%

19 February , 2023  

Mining companies in Ukraine in January this year, reduced the export of iron ore raw materials (iron ore) in physical terms by 75.9% compared to the same period last year – up to 927.433 thousand tons.
According to the statistics, released by the State Customs Service (SCS), during this period, foreign currency revenues from exports of iron ore decreased by 67% to $110.857 million.
Exports of iron ore products were mainly to Slovakia (28.65% of supplies in monetary terms), the Czech Republic (28.55%) and Austria (20.06%).
Last month Ukraine imported iron ore products for $1 thousand in the total amount of 2 tons, whereas in January-2021 there were imported also $1 thousand in the amount of 1 thousand tons. Imports in January-2023 were from Italy (100%).
As reported, in 2022, Ukraine reduced exports of iron ore products in physical terms by 45.9% compared to the previous year – up to 23 million 984.623 thousand tons, foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million.
Exports of iron ore products was carried out mainly to Slovakia (19.23% in monetary terms), Czech Republic (17.32%) and Poland (16.49%).
Last year Ukraine imported iron ore to the amount of $65 thousand in total 101 tons, while in 2021 – $184 thousand in the amount of 1.202 tons.
Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).

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