Ukraine cut exports of titanium iron ores by 13.5% in 2020

Exports grew by 32.3% in December

In 2020, Ukrainian producers cut exports of titanium iron ores and concentrate by 13.5% to 536.9 thousand tons against 2019. In monetary terms, exports of these products dropped by 10.5% to $138.3 million, according to the customs statistics.

In December 2020, Ukraine’s exports of titanium iron ores increased by 32.3% to 74.8 thousand tons against December 2019. In monetary terms, it grew by 41.8% to $21.5 million.

Mexico was the largest importer of Ukrainian titanium iron ores (18%). The Czech Republic ranked second (17%), followed by Russia (10%).

Ukraine is one of the few countries with a closed production cycle in the titanium industry — from mining and processing of titanium iron ores to manufacture of finished products.

As GMK Center reported earlier, in 2019, Ukraine increased exports of titanium iron ores and concentrate by 23% to $154.6 million against 2018. In physical terms, exports of titanium iron ores and concentrate grew by 3.6% to 620.9 thousand tons.