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2023
Exports $1.94BWorld Rnk 7 / 127
Flag Rnk 4 / 1151
2023
Destination $27.3M Slovakia
2022 - 2023
FASTEST GROWING MARKET $27.3MFinland
2023
PRODUCT COMPLEXITY IN Iron Ore-1.87Rnk 987 / 1025
2023
Imports $164kWorld Rnk 71 / 125
Flag Rnk 1068 / 1190
2023
Origin $29k Norway
2022 - 2023
FASTEST GROWING ORIGIN $29kItaly
2023
ECONOMIC COMPLEXITY of Ukraine0.39Rnk 47 / 132

About

Exports In 2023, Ukraine exported $1.94B in Iron Ore, making it the 7th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 4th most exported product in Ukraine. The main destination of Iron Ore exports from Ukraine are: Slovakia ($500M), Czechia ($394M), Poland ($356M), Austria ($232M), and Romania ($156M).

The fastest growing export markets for Iron Ore of Ukraine between 2022 and 2023 were Finland ($27.3M), Italy ($19.7M), and Netherlands ($3.96M).

Imports In 2023, Ukraine imported $164k in Iron Ore, becoming the 71st largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1068th most imported product in Ukraine. Ukraine imports Iron Ore primarily from: Norway ($46.9k), Italy ($39.2k), Netherlands ($34.9k), United Kingdom ($33k), and Slovakia ($7.29k).

The fastest growing import markets in Iron Ore for Ukraine between 2022 and 2023 were Italy ($29k), Norway ($23.2k), and United Kingdom ($21k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.94B
IMPORTS (2023)$164k
NET TRADE (2023)$1.94B

In 2023, Ukraine exported $1.94B in Iron Ore. The main destinations of Ukraine exports on Iron Ore were Slovakia ($500M), Czechia ($394M), Poland ($356M), Austria ($232M), and Romania ($156M).

In 2023, Ukraine imported $164k in Iron Ore, mainly from Norway ($46.9k), Italy ($39.2k), Netherlands ($34.9k), United Kingdom ($33k), and Slovakia ($7.29k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Ukraine WERE (2022 - 2023):
Finland$27.3M (3.32M%)
Italy$19.7M (184%)
Netherlands$3.96M (818%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Ukraine WERE (2022 - 2023):
China-$292M (-76.7%)
Austria-$178M (-43.5%)
Czechia-$154M (-28%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ukraine's main exporting competitors in Iron Ore were:
Australia $85.4B
Brazil $34B
Canada $7.23B
In 2023, Ukraine's main importing competitors in Iron Ore were:
China $112B
Japan $9.3B
South Korea $7.07B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $450M
TOP IMPORT POTENTIALNetherlands+ $4.44k

Iron Ore’s highest export potential is China. With an export gap of $450M.   Iron Ore’s highest import potential is Netherlands with an import gap of $4.44k.

See methodology.

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