In 2024, Ukraine increased its exports of goods by 15% to $41.7 billion, while agricultural exports brought the country half of 50% of its export earnings of $20.9 billion, according to the review of Ukraine’s economy during the war, which is conducted monthly by the Center for Economic Strategies in cooperation with the German Economic Team (GET).
The analysts noted that the mining and metallurgical complex received $6.9 billion (17%) of export earnings in 2024, the food industry – $3.7 billion (9%), and machine building – $3.6 billion (9%). At the same time, sugar exports in 2024 reached 750 thousand tons and brought producers $420 million, the highest figure since 1997, when Ukraine started keeping statistics.
The top ten export products that brought Ukraine the highest foreign exchange earnings included sunflower oil and corn – $5.1 billion each, wheat – $3.7 billion, iron ore – $2.8 billion, steel and rolled products – $2, 4 billion, rapeseed – $1.8 billion, soybeans and meal – $1.3 billion each, wood and timber – $1.1 billion, poultry – $1 billion, furniture – $0.8 billion, steel pipes and barley – $0.6 billion each, and cast iron – $0.5 billion.
At the same time, total imports in 2024 grew by 11% to $70.7 billion, experts said.
According to their information, the main imported goods last year were oil and oil products – $6.8 billion (10%), cars – $4.4 billion (6%), pharmaceuticals – $2.0 billion (3%), mobile phones – $1.3 billion (2%), fertilizers – $1.2 billion (2%) and drones – $1.1 billion (2%).
