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Ukraine reduced iron ore exports

According to current customs statistics, Ukrainian mining companies reduced iron ore exports by 12.8% in January-May 2025 compared to the same period last year, having shipped 13.54 million tons abroad.

Ukraine reduced iron ore exports

China remains the key supply destination, where 7.06 million tons were exported (-4.3% compared to the 2024 level). Significant volumes were also sent to Slovakia (1.99 million tons, -8.8%) and Poland (1.93 million tons, -5.6%).

The May figures show a further deterioration in dynamics: monthly exports amounted to 2.39 million tons, which is 9.7% less than the April result and 23.4% lower than the May 2024 figures. A particularly sharp decline was recorded in the Chinese direction - 1.05 million tons (-27% compared to April and -15.6% compared to May last year). The only positive exception was Slovakia, where shipments increased by 5.3% compared to the previous month.

The financial results reflect the current situation: revenue from iron ore exports in May reached only $180.9 million (-11.8% compared to April and -24.2% compared to May 2024), and for the five-month period amounted to $1.07 billion (-21.5% compared to the same period last year).

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