Business news from Ukraine

Business news from Ukraine

Ukrainian exports increased by 13.3% to $30.7 bln

12 October , 2024  

Ukrainian exports in January-September 2024 increased by 13.3% compared to the same period in 2023 to $30.7 billion, while imports increased by 9.9% to $51.2 billion, the State Customs Service reported.

“At the same time, taxable imports amounted to $42.5 billion, which is 83% of the total volume of imported goods. The tax burden per 1 kg of imports in January-September 2024 amounted to $0.5/kg, which is 8% more than in the same period in 2023,” the statistics are available on the website of the State Customs Service.

According to the published data, most of the goods were exported to Poland – for $3.6 billion, Spain – for $2.1 billion, and Germany – for $2.1 billion.

Goods were most often imported to Ukraine from China – for $10.3 billion, Poland – for $5 billion, and Germany – for $3.9 billion.

In January-September 2024, 65% of the total volume of goods imported were machinery, equipment and transport – worth $17.7 billion (UAH 125.7 billion, or 30% of customs revenues, was paid to the budget), chemical products – $8.8 billion (UAH 65.2 billion, or 15% of revenues), and fuel and energy products – $6.8 billion (UAH 111.7 billion, or 26% of customs revenues).

The top three most frequently exported goods from Ukraine are food products worth $17.9 billion, metals and metal products worth $3.4 billion, and machinery, equipment, and transport worth $2.5 billion.

As summarized by the State Customs Service, in the first nine months of 2024, UAH 217.9 million was paid to the budget during customs clearance of exports of goods subject to export duties.