Business news from Ukraine

Business news from Ukraine

Ukraine’s trade in January 2025: imports up 7.8%, exports down 5.9%

10 February , 2025  

Ukraine’s imports of goods in January 2025 increased by 7.8% y-o-y, from $5.1 billion to $5.5 billion, while exports decreased by 5.9%, from $3.4 billion to $3.2 billion, the State Customs Service reported on Monday.

According to information on its website, January imports are the highest since 2023, when they reached $4.8 billion, while exports returned to the level of 2023, when they amounted to $3.1 billion.

“Taxed imports (in January-2025 – IF-U) amounted to $4.1 billion, which is 74% of the total volume of imported goods. The tax burden per 1 kg of taxable imports in January 2025 amounted to $0.49/kg,” the State Customs Service said in a statement.

It is noted that China imported the most goods to Ukraine – by $1.4 billion, Poland – by $487 million and Turkey – by $389 million.

Ukraine exported most of its goods to Poland – by $352 million, Italy – by $205 million, and Spain – by $202 million.

In the total volume of goods imported in January 2025, 68% were in the categories of machinery, equipment and transport – $2.2 billion (UAH 12.9 billion, or 27% of customs revenues, was paid to the budget), chemical products – $901 million (UAH 7.3 billion, 15%), and fuel and energy – $734 million (UAH 14.2 billion, 30%).

The top three most exported goods from Ukraine were food products ($1.8 billion), metals and metal products ($325 million), and machinery, equipment, and transport ($282 million).

In January 2025, a total of UAH 22.2 million was paid to the budget during customs clearance of exports of goods subject to export duties.

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