Business news from Ukraine

Business news from Ukraine

Imports of generators to Ukraine increased 8 times in January

20 February , 2025  

Imports to Ukraine of power generating sets and rotating electrical converters (UKTZED 8502) in January-2025 increased almost eightfold in monetary terms compared to January-2024, to $178.36 million, according to statistics from the State Customs Service (SCS).

According to the State Customs Service, in January of this year, the most frequently imported electric generators and converters were from Austria (14.1% of total exports of these products or $25.13 million), the United States (13.6% or $24.2 million) and Romania (13.3% or $23.7 million), while a year earlier it was the Czech Republic ($6.7 million), China ($5.6 million) and Turkey ($3.4 million).

In addition, in January, imports of electric batteries and separators to Ukraine more than tripled to $94.83 million, most often imported from China (77.8%), Bulgaria (11%) and Taiwan (3.3%).

As reported, at the end of July 2024, Ukraine exempted the import of power generating equipment and batteries to Ukraine from customs duties and VAT.

According to the State Customs Service, in 2024, imports of electric generators and converters to Ukraine increased by 3.7% compared to 2023, to $732.5 million, and batteries more than doubled to $950.6 million.

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