Dump & load --
- Dump -- copies data to another part of disk, thereby consuming disk space.
- Load -- copies data from the dump to the database (making a new db), still more disk space
- Free up the disk space from step 1.
- DROP DATABASE may free up more space -- depends on
innodb_file_per_table
.
However, to take "hours" to do step 3 makes me think that the OS (or the complex disk system that AWS has) is slow to release the space.
Bottom line: Live with it.