Business news from Ukraine

Business news from Ukraine

US, China, and Germany main suppliers of tractors to Ukraine

The volume of tractor imports to Ukraine in January-October 2025 amounted to $703.83 million, which is 6.6% more than in the same period of 2024 ($660.51 million), according to statistics from the State Customs Service.

According to the published statistics, tractors were mainly imported from the US (22% of total imports of this equipment, or $154 million), China (17.2% or $121.1 million), and Germany (16.4% or $115.6 million), while last year Germany was the leader ($101.5 million), China was second ($91.6 million), and the US was third ($86.9 million).

At the same time, imports from other countries in January-October decreased by 17.7% to $313.1 million.
In October this year, tractor imports to Ukraine increased by 9.1% compared to October 2024, to $73.8 million, which is also slightly higher than in September 2025.

Since the beginning of this year, as reported, tractor imports to Ukraine have shown negative dynamics: in January, they were one-third lower than in January 2024, but by the end of the first half of the year, the figures were almost equal to last year’s.

According to statistics from the State Customs Service,
this year, tractors worth $5.1 million were exported in January-October, mainly to Romania (25%), Belgium, and Germany, while last year during this period, exports amounted to $4.6 million, mainly to Moldova (25.6%), the Czech Republic, and Kazakhstan.

As reported, tractor imports to Ukraine in 2024 amounted to almost $784 million, 5.6% less than a year earlier, while exports amounted to $5.44 million compared to $5.74 million.

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Imports to Ukraine increased by 18% – China, Poland, and Germany lead way

Imports of goods to Ukraine in January-October 2025 reached $67.8 billion, which is 18.1% more than a year earlier, according to the State Customs Service. The largest countries of origin for imports were China with $15.1 billion,

Poland with $6.4 billion, and Germany with $5.4 billion.

Taxable imports amounted to $51.8 billion, or 76% of the total volume. The tax burden per 1 kg of taxable imports was $0.52/kg.

In terms of commodity structure, 68% was accounted for by machinery, equipment, and transport—$27 billion (customs payments—168 billion UAH, 29%); chemical industry products—$10.4 billion (81.1 billion UAH, 14%); fuel and energy products – $8.5 billion (UAH 167.9 billion, 29%).

Source: https://expertsclub.eu/import-v-ukrayinu-zris-na-18-lidyruyut-kytaj-polshha-nimechchyna/

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European Union is facing crisis due to China’s restrictions on rare earth element exports

The European Union is facing a serious crisis in the supply of critical materials after the decision of the Chinese government to impose new export restrictions on rare-earth magnets and raw materials for their production, reports Politico.

As noted, Beijing’s decision in early October has escalated the trade standoff with the United States and created risks for European industry, which is almost entirely dependent on imports of such elements from China.

“A crisis in the supply of critical raw materials is no longer a remote risk. It is already on our doorstep,” European Commission President Ursula von der Leyen told MEPs on the eve of the EU summit.

She emphasized the need for “decisive and urgent action” to ensure faster and more reliable supplies of critical materials “both within Europe itself and from trusted partners.”

European Trade Commissioner Maroš Šefčovič said the EU was not interested in escalating tensions, but emphasized the need to resolve the situation quickly. “However, this situation casts a shadow on our relations. Therefore, a quick solution is essential,” he said.

Šefčovič said China and the EU will “strengthen contacts at all levels” to discuss the restrictions. Chinese Commerce Minister Wang Wentao is due to arrive in Brussels for consultations in the coming days.

“The European Union is also holding talks with the G7 countries on an agreed response to the crisis ahead of a ministerial meeting to be held October 30-31 in Canada,” the report said.

Earlier, the information and analytical center Experts Club analyzed the global market of rare earth metals of the world and Ukraine, the video is available here -.

https://youtu.be/UHeBfpywpQc?si=0L-2nSUrLlIbqVZ5?si=Fk6Oi_13NKpEW81K

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China’s economy continues to grow: industry and retail trade exceeded expectations

In September, the Chinese economy showed higher-than-expected growth rates in industry and retail trade, indicating a gradual recovery in domestic demand and business activity.

According to the National Bureau of Statistics of China, industrial production grew by 6.5% year-on-year, the highest rate since June. In August, growth was 5.2%, and analysts had expected a slowdown to 5%.

The largest contributors were:

manufacturing — +7.3%,

mining — +6.4%,

oil and gas — +8.9%,

automobile production — +16%,

computers and telecommunications equipment — +11.3%.

Growth was recorded in 36 of 41 sectors of the economy. Overall, industrial production increased by 6.2% in the first nine months of 2025 compared to the same period last year.

Retail sales in September grew by 3% year-on-year. This is slightly less than in August (3.4%), but still better than analysts’ forecasts (2.9%).

The largest increases were in sales of food products (+6.3%), jewelry (+9.7%), and clothing (+4.7%). Car sales rose by 1.6%, while petroleum product sales fell by 7.1%.

Since the beginning of the year, retail turnover has reached 36.6 trillion yuan (about $5.1 trillion), which is 4.5% more than a year earlier.

Investments in fixed assets as a whole declined slightly, by 0.5%, mainly due to a decline in the construction sector (-13.9%). At the same time, investments in infrastructure and manufacturing grew by 1.1% and 4%, respectively.

The unemployment rate in September fell to 5.2% from 5.3% a month earlier.

Experts from the Experts Club analytical center note that the Chinese economy remains stable despite the slowdown in global demand and difficulties in the real estate sector.

Reference: Experts Club.

For several years now, China has ranked first in the world in terms of economic size, calculated in terms of purchasing power parity (PPP), ahead of the US and the EU. This confirms its status as the largest industrial and consumer center on the planet.

Source: https://expertsclub.eu/ekonomika-kytayu-prodovzhuye-zrostaty-promyslovist-i-rozdribna-torgivlya-perevershyly-ochikuvannya/

 

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China will not win moon race – Elon Musk

The Starship will be the first to fly to the moon, and China will not win the moon race, said Elon Musk, founder of SpaceX.

SpaceX is “moving at lightning speed compared to the rest of the space industry,” he wrote on social media. According to Musk, Starship will be the first spacecraft to complete a full lunar mission.

The spacecraft is scheduled to land humans on the moon as part of NASA’s Artemis program in 2027. Musk wants to certify Starship for human flights as early as next year. China plans to make a manned landing on the moon in 2030.

SpaceX’s reusable rocket system consists of the Starship spacecraft and the Super Heavy launch vehicle. It is over 120 meters tall. It is taller than any other rocket ever built in the world. The Super Heavy launch vehicle is twice as powerful as NASA’s Space Launch System (SLS) heavy rocket, which is being developed for manned flights to the Moon.

The rocket has already been launched on 11 test orbital flights, five of which ended in failure.

 

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China’s GDP growth slowed to 4.8% in third quarter

China’s economy grew by a minimal 4.8% year-on-year in the third quarter of 2025, according to a report by the National Bureau of Statistics. GDP growth slowed from 5.2% in April-June. Analysts also expected growth to slow to 4.8% on average, according to Trading Economics.

China’s GDP growth in July-September was 1.1% compared to the previous three months (with an average forecast of 0.8%). In the second quarter, the figure increased by a downwardly revised 1% quarter-on-quarter.

In January-September, the economy grew by 5.2% year-on-year to 101.5 trillion yuan ($14.24 trillion).

China’s disposable income per capita rose 5.1% to 32,510 yuan in the first nine months, according to the NBS.

At the end of 2024, the Chinese economy grew by 5%, and the same growth is envisaged in the socio-economic development plan for 2025.

 

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