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Who buys Ukraine’s iron ore? Export destinations 2024

In 2024, Ukraine exported $3 billion of iron ore (34.1 million tonnes), 1.8% of the world total. Its main destinations were China (35%), Poland (16%) and Slovakia (16%). Ukraine was the world’s 6th-largest exporter of iron ore.

Summary

Value
$3billion
Tonnes
34.1million tonnes
Share of world total
1.8%
World rank
6th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China1.1Tonnes: 15,041,118USD per tonne: $7035.3%Sea
Poland0.48Tonnes: 5,058,922USD per tonne: $9516.1%Sea
Slovakia0.47Tonnes: 4,948,357USD per tonne: $9515.7%Land
Czechia0.28Tonnes: 2,906,322USD per tonne: $959.3%Sea
Austria0.22Tonnes: 1,989,349USD per tonne: $1097.3%Sea
Turkey0.12Tonnes: 948,218USD per tonne: $1264%Sea
Italy0.08Tonnes: 526,375USD per tonne: $1522.7%Sea
Serbia0.07Tonnes: 700,291USD per tonne: $1002.3%Sea
Germany0.06Tonnes: 633,715USD per tonne: $1032.2%Sea
Finland0.05Tonnes: 364,620USD per tonne: $1461.8%Sea
Egypt0.04Tonnes: 302,389USD per tonne: $1261.3%Sea
Romania0.03Tonnes: 418,364USD per tonne: $801.1%Sea
Netherlands re-exports0.01Tonnes: 103,710USD per tonne: $1240.43%Sea
United Arab Emirates0.01Tonnes: 78,149USD per tonne: $1180.31%Sea
Norway0.01Tonnes: 31,173USD per tonne: $1980.21%Sea
Luxembourg< 0.01Tonnes: 15,012USD per tonne: $1090.06%Sea
Moldova< 0.01Tonnes: 18,253USD per tonne: $180.01%Land
Bulgaria< 0.01Tonnes: 1,524USD per tonne: $1600.01%Sea
Saudi Arabia< 0.01Tonnes: 0USD per tonne: $4,6470%Sea
France< 0.01Tonnes: 5USD per tonne: $2810%Sea

Trend

Who it sells to

China has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • China 1.1
  • Poland 0.48
  • Slovakia 0.47
  • Czechia 0.28
  • Austria 0.22

Source: CEPII BACI

Show the numbers
Partner19952024
China01.1
Poland0.140.48
Slovakia0.050.47
Czechia0.10.28
Austria00.22

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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