Business news from Ukraine

Business news from Ukraine

Ukrainian mining companies reduced iron ore exports by 40.8% in real terms

12 October , 2023  

In January-September this year, Ukrainian mining companies reduced exports of iron ore by 40.8% in physical terms compared to the same period last year, to 12 million 644.570 thousand tons.

According to the statistics released by the State Customs Service (SCS), foreign exchange earnings from iron ore exports amounted to $1 billion 323.212 million (down 50.4%) in the period under review.

Iron ore was exported mainly to Slovakia (29.33% of supplies in monetary terms), the Czech Republic (22.58%) and Poland (19.83%).

In January-September of this year, Ukraine imported iron ore worth $86 thousand in the total amount of 126 tons. Imports during this period were made from Norway (41.18%), Italy (34.12%) and the Netherlands (23.53%). At the same time, in the same period of 2022, iron ore worth $27 thousand was imported in a total volume of 49 tons.

As reported, in 2022, Ukraine decreased the export of iron ore in physical terms by 45.9% compared to 2021 – to 23 million 984.623 thousand tons, while foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million.

Iron ore was exported mainly to Slovakia (19.23% of supplies in monetary terms), the Czech Republic (17.32%) and Poland (16.49%).

Last year, Ukraine imported iron ore worth $65 thousand in a total volume of 101 tons, while in 2021 – $184 thousand in a volume of 1,202 thousand tons.

Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).

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