The list of top 50 exporters includes companies with different strategies.

Some found new markets and managed to increase export volumes, others, on the contrary, froze production at the beginning of the Russian invasion, then only sold off the remaining products, writes Forbes.

The EU accounted for more than 63% of commodity exports.

Among the rest of the countries, Turkey and China became the largest buyers of Ukrainian products.

Thus, the export of ferrous metals, ores, and products from ferrous metals amounted to 9.1 billion dollars.

The first five are Metinvest, ArcelorMittal Kryvyi Rih, Ferrexpo, Interpipe and Zaporizhstal.

In particular, an 18% annual increase in sales was recorded at Ferrexpo.

As Forbes points out, despite the drop in export capacity due to the blockade of Ukrainian ports more than three times, the country's mining and metallurgical complex (MMC) remains the leader in terms of export volume.

The share of MMC in the export picture last year reached 15%, which is $9.1 billion. The Ferrexpo company, whose facilities are concentrated in the Poltava region, ranked third among other companies in the mining and metallurgical industry and fifth among all Ukrainian companies in terms of exports last year companies. 

In total, the company managed to export products in the amount of $897 million in 9 months of 2022, which became a guarantee of stable life support for the region, because the company is a budget-generating enterprise.

Ferrexpo's annual report for 2022, which was published on the London Stock Exchange on March 15, 2023, stated that the company's export turnover amounted to $1.2 billion in the last 12 months.

The ranking of the TOP-50 exporters was formed by directly asking corporations, searching for information that is publicly available on corporate websites, as well as based on the data of the Import Genius service, which provides access to customs declarations issued in the period until September 30, 2022.

To ensure industry representativeness, the business edition singled out eight areas of the economy and demonstrated 5-10 companies with the largest export capabilities.