Business news from Ukraine

UKRAINES IRON ORE EXPORTS GOES DOWN BY 4.2%, REVENUE GOES UPBY 63% IN 2021

14 January , 2022  

Ukrainian mining enterprises reduced the export of iron ore raw materials in quantity terms by 4.2% in 2021 compared to 2020, to 44.358 million tonnes.
According to updated statistics released by the State Customs Service on Friday, over the specified period, foreign exchange earnings from the export of iron ore increased by 62.8%, to $6.900 billion.
Iron ore was exported mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, iron ore raw materials were imported to Ukraine for $184,000 in a total volume of 1,202 tonnes, while in 2020 some 123 tonnes of iron ore were imported for $75,000.
Imports for 2021 were from Egypt (55.98%), the Netherlands (21.2%) and Poland (7.07%).

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