Industrial production in Ukraine increased by 3.6% in 2024, while in 2023, according to revised data, the growth was 6.8% after a 36.7% drop in 2022, the State Statistics Service (Ukrstat) reported on Wednesday.
At the same time, according to the State Statistics Service, industrial production in Ukraine decreased by 3.3% in December 2024 compared to December 2023, and by 0.4% in November.
The State Statistics Service reminds that last year, from January to May, industrial production grew: after a jump of 17.2% in January, the recovery slowed to 3.6% in May, in the summer, a decline was recorded from 0.3% in June to 1.5% in July and 4.3% in August, after which it was followed by a slight increase of 1.3% and 0.9% in September and October, respectively.
According to the statistics agency, in 2024, industrial production in mining and quarrying increased by 3.3%, in manufacturing by 5.3%, while the supply of electricity, gas and steam decreased by 2.7% due to a 6.3% drop in electricity production, although gas production increased by 5%.
It is noted that the production of metal ores grew the most – by 23.0%, other minerals and quarrying – by 16.3%, while oil and gas – by only 0.7%, and coal – decreased by 11.7%.
In manufacturing, the largest growth was recorded in metallurgy and production of metal products – 22.5%, clothing production – 19.6%, and furniture – 7.3%. The production of food, beverages and tobacco products increased by 6.2%, textiles by 4.7%, rubber and plastics by 3.4%, pharmaceuticals by 1.9%, and paper and paper products by 1.4%.
At the same time, machine building in 2024 fell by 1.2%, woodworking by 8.8%, chemical production by 9.9%, automotive by 17%, and production of computers, electronic and optical products by 19%.
In nominal terms, in 2024, Ukraine sold industrial products (goods and services) worth UAH 3.657 trillion, which is 11.8% more than in 2023, including UAH 680.3 billion worth of exports (an increase of 24.4%).
In total sales of industrial products in 2024, the manufacturing industry accounted for the largest share (59.9% vs. 56% in 2023), supply of electricity, gas, steam and air conditioning (27.2% vs. 31.2% in 2023), mining and quarrying (remained at 11.7%), and water supply, sewerage and waste accounted for another 1.2% (1.1%).
