Ukraine’s iron ore exports fell by 30.3% y/y in January–April

In January–April 2026, Ukraine’s mining industry reduced iron ore exports by 30.3% compared to the same period in 2025, down to 7.77 million tons. This is according to calculations by the GMK Center based on data from the State Customs Service.

China has traditionally been the largest consumer of Ukrainian iron ore. During the period, shipments of raw materials to this destination totaled 3.72 million tons (-38% y/y). 1.29 million tons (-17.8% y/y) were shipped to Slovakia, and 980,920 tons (-36.3% y/y) to Poland.

In April, Ukraine exported 2.16 million tons of iron ore, which is 5.9% less than the previous month and 18.5% less compared to April 2025. 1.16 million tons (-5.8% MoM; -19.1% y/y) of raw materials were shipped to China, 322,290 tons (-0.3% m/m; -20.5% y/y), and 229,350 tons (-24.1% m/m; -40.3% y/y) to Poland.

Revenue from raw material exports in April amounted to $175.57 million (-1% m/m; -14.4% y/y), and for January–April – $612.9 million (-31.4% y/y).

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