In monetary terms, exports of this product grew by 11.8% in the same period
In January–April 2021, Ukrainian companies increased exports of titanium iron ores and concentrate by 5% to 262.04 thousand tons against the similar period of 2020. In monetary terms, exports of these raw materials grew by 11.8% to $67.4 million, according to the customs statistics.
In May, Ukraine’s exports of titanium iron ores decreased by 15.3% to 32.4 thousand tons y-o-y. In monetary terms, it dropped 18.8% down to $9.4 million.
China was the largest importer of Ukrainian titanium iron ores (24.4%). Russia ranked second (15.3%), and Turkey ranked third (14.5%).
Ukraine is one of the few countries with a closed-loop production in the titanium industry — from mining and processing of titanium iron ores to manufacture of finished products.
GMK Center earlier reported that in 2020, Ukraine cut exports of titanium iron ores and concentrate by 13.5% to 536.9 thousand tons against 2019. In monetary terms, exports of these raw materials dropped by 10.5% to $138.3 million.