The article analyzes the state of the domestic mining industry and the factors that influence its development. Problems and prospects of development of export opportunities of iron ore products of the mining complex are investigated. Tendencies, problems have been identified, and proposals have been developed to ensure sustainable development of the extractive industry of Ukraine in the current economic conditions. Accordingly, in the course of the study, in order to solve the problems, the indicator of the marketing attractiveness of the countries leading in exports of mining products using the Rush model was calculated, economic analysis of selected countries was carried out, the development of their mining industry was investigated, and exports developed in these countries. The level of attractiveness of Ukraine is determined in comparison with the countries cited. With the help of the Revealed Comparative Advantage (RCA), a comparative assessment of the prospects for the development of export opportunities for the mining industry of selected countries was carried out. Financial and regulatory regimes for stimulating subsoil users and investors in the extractive industry have been developed. The development of the metallurgical industry through the prism of the export of steel to Brazil and Turkey in comparison with our country has been studied. In order to improve the sectoral (sectoral) competitiveness, it was suggested that measures should be taken to increase energy efficiency and reduce the material intensity and improve the quality of marketing activities, in order to create the network of export-import sectoral (branch) associations under the aegis of the above-mentioned Ministry of Industry and Trade of Ukraine, on the principles of public-private partnership - Energoimpex, Mashbudimpex, Rudpromimpex, Metallimpex and others. As a result of the analysis, ways and recommendations for creating conditions for the further development of the Ukrainian mining complex and its export potential have been proposed.