Ukraine iron ore exports rose 14% during Jan-May 2015

Author: Paul Ploumis11 Jun 2015 Last updated at 02:43:41 GMT

MOSCOW (Scrap Monster): The latest statistics released by the State Statistics Committee of Ukraine indicate that iron ore exports from Ukraine jumped significantly higher during the initial five-month period in 2015.

The exports from the country totaled 18.77 million tons during January to May this year. This is 13.8% higher when matched with the exports during the corresponding five-month period in 2014. Ukraine had exported 16.49 million tons of iron ore during Jan-May ‘14. The total value generated by iron ore exports by the country during this period amounted to $926 million. The export value has dropped sharply by 44.1% when compared with the previous year. Iron ore exports by Ukraine during the initial five month period in 2014 had generated a total value of $1,657 million.

Meantime, Ukraine imported 934,085 tons of iron ore during the five-month period from January to May this year. The imports dropped sharply by 34.4% when compared with the previous year. Ukraine’s iron ore imports during Jan-May in 2014 had totaled 1.42 million tons. Also, import values witnessed sharp plunge of 62.8% year-on-year to total $45.99 million.