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2022
Exports $2.97BWorld Rnk 6 / 128
Flag Rnk 4 / 1158
2022
Destination $118M Slovakia
2021 - 2022
FASTEST GROWING MARKET $118MSlovakia
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $75.2kWorld Rnk 85 / 130
Flag Rnk 1109 / 1188
2022
Origin $23.8k Norway
2021 - 2022
FASTEST GROWING ORIGIN $23.8kNorway
2022
ECONOMIC COMPLEXITY of Ukraine0.5Rnk 44 / 133

About

Exports In 2022, Ukraine exported $2.97B in Iron Ore, making it the 6th 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 ($560M), Czechia ($507M), Poland ($479M), Austria ($410M), and China ($380M).

The fastest growing export markets for Iron Ore of Ukraine between 2021 and 2022 were Slovakia ($118M), Chinese Taipei ($14.7M), and Romania ($7.15M).

Imports In 2022, Ukraine imported $75.2k in Iron Ore, becoming the 85th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1109th most imported product in Ukraine. Ukraine imports Iron Ore primarily from: Norway ($23.8k), United Kingdom ($21.2k), Netherlands ($20.6k), Italy ($8.43k), and Russia ($813).

The fastest growing import markets in Iron Ore for Ukraine between 2021 and 2022 were Norway ($23.8k), United Kingdom ($11.7k), and Italy ($8.43k).

Latest Trends

Oct 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 (2022)$2.97B
IMPORTS (2022)$75.2k
NET TRADE (2022)$2.97B

In 2022, Ukraine exported $2.97B in Iron Ore. The main destinations of Ukraine exports on Iron Ore were Slovakia ($560M), Czechia ($507M), Poland ($479M), Austria ($410M), and China ($380M).

In 2022, Ukraine imported $75.2k in Iron Ore, mainly from Norway ($23.8k), United Kingdom ($21.2k), Netherlands ($20.6k), Italy ($8.43k), and Russia ($813).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Ukraine WERE (2021 - 2022):
Slovakia$118M (26.8%)
Chinese Taipei$14.7M (200%)
Romania$7.15M (3.72%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Ukraine WERE (2021 - 2022):
China-$2.54B (-87%)
Germany-$274M (-91.3%)
Turkey-$208M (-88.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ukraine's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Ukraine's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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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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