Business news from Ukraine

Business news from Ukraine

Imports to Ukraine increased by 17%, exports decreased by 4% — State Customs Service

Imports of goods from Ukraine in January-August 2025 amounted to $52.6 billion in monetary terms, which is 16.63% more than in the same period of 2024, but exports decreased by 4.36% to $26.3 billion, according to the State Customs Service (SCS).

“At the same time, taxable imports amounted to $37.8 billion, which is 84% of the total volume of imported goods. The tax burden per 1 kg of taxed imports in January-August 2024 amounted to $0.5/kg, which is 7% more than in the same period of 2023,” the service said in a publication on its Telegram channel on Thursday.

As before, the largest imports to Ukraine came from China ($8.9 billion), Poland ($4.5 billion), and Germany ($3.4 billion).
The largest exports from Ukraine went to Poland ($3.1 billion), Spain ($1.9 billion), and China ($1.9 billion).

Of the total volume of goods imported in January-August 2024, 65% were machinery, equipment, and transport—$15.5 billion (during customs clearance of these goods, UAH 111.4 billion, or 31% of customs payments, was paid to the budget), chemical industry products – $7.8 billion (57.9 billion hryvnia paid to the budget, or 16% of customs payments), fuel and energy products – $6 billion (97.9 billion hryvnia paid to the budget, or 26% of customs payments).

The top three most exported goods from Ukraine were food products ($16 billion), metals and metal products ($2.9 billion), and mineral products ($2.2 billion).
“In the first eight months of 2024, UAH 189.3 million was paid to the budget during customs clearance of exports of goods subject to export duties,” the SSU added.

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Ukraine exported 190.6 mln eggs in July, 86% more than last year

Ukrainian producers exported chicken eggs worth $103.1 million in January-July 2025, which is 2.6 times more than in the same period last year, according to the Ukrainian Poultry Farmers Union, citing data from the State Customs Service.

The industry association specified that in July this year, 190.6 million eggs worth $17 million were exported, which exceeded the figure a year ago by 86%.

The top three importers of Ukrainian chicken eggs in July 2025 were Spain (21.5 million eggs), the United Kingdom (21.4 million eggs), and Poland (22.7 million eggs).

According to the Ukrainian Poultry Farmers Union, the main buyers of Ukrainian eggs in January-July were Croatia (11.8%), the United Kingdom (10.6%), and Spain (9.5%).

 

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Price jumps: exports of wheat, sunflower seeds, and soybeans from Ukraine

Let’s track the prices as of the end of June 2025 for the main grain and oil crops exported from Ukraine, as well as fluctuations in their value on the world market.

The price of wheat (France, FOB) was 235 USD/t, according to market operators on June 25, 2025. This is 1 USD less than last week, 6 USD more than the previous month, and 3 USD more than the previous year. The price of wheat (Ukraine, 2nd grade, CPT) for the central regions (June 26) was 192 USD/t. This figure remained unchanged during the week, decreased by 15 USD over the month, and increased by 45 USD over the year. For ports, the amount was 206 USD/t, which is 3 USD less than a week ago and 18 USD less than a month ago, but 19 USD more than a year ago.

According to the International Grains Council, the price of corn (USA, FOB) as of June 25 was 192 USD/t. This is USD 8 less per week and USD 16 less per month, but USD 3 more per year. The price of corn (Ukraine, CPT) on June 26 for the central regions was USD 204/t. It did not change during the week, but decreased by USD 4 per month and increased by USD 73 per year. For ports, it was 216 USD/t (also unchanged from the previous week, down 16 USD from the previous month, and up 3 USD from 2024).

Let’s pay attention to the forecast for global corn production in 2025/26 MY. It has been reduced by 1 million tons to 1,276 million tons, compared to 1,225 million tons in the current season. However, the forecast for global consumption has been increased by 1 million tons to 1,269 million tons. Therefore, the estimate of final corn stocks has been lowered by 2 million tons (to 282 million tons). This will exceed the current season’s figure by 7 million tons,” said grain market analyst Alexander Korenitsyn.

As for the price of barley (France, FOB) as of June 25, it stood at USD 216/t. This is USD 6 less than a week ago and USD 5 less than a month ago, but USD 11 more than a year ago. Let’s analyze the price changes for barley (Ukraine, CPT). As of June 26, the price was (central regions) – 171 USD/t. This is 3 USD more per week and 46 USD more per year, but 30 USD less per month. For ports, the price is 188 USD/t, which is 6 USD more per week, 40 USD more per year, but 2 USD less per month.

Prices for major grain and oil crops exported from Ukraine, end of June 2025

According to Oleksandr Serhiyovych Korenitsyn, the price of sunflower seeds in the EU (Rotterdam, FOB) as of June 25 was USD 655/t. The changes are as follows: +5 USD per week, -14 USD per month, and +170 USD per year. The price of sunflower seeds (Ukraine, CPT) on June 26 (central regions) was 509 USD/t. This is 8 USD less per week and 16 USD less per month, but 109 USD was added to the price per year. For ports, the cost is 507 USD/t. The price fell by 6 USD per week and rose by 9 USD per month and 148 USD per year. A ton of sunflower oil (Ukraine, FOB) costs 1,111 USD as of June 26.

The cost increased by $8 per week and by the same amount per month.

The calculation of price fluctuations for soybeans is based on its cost as of June 25 (Brazil, FOB) – $420/t. It decreased by $10 per week and by $16 per year, but increased by $15 per month.

The price of soybeans (Ukraine, CPT) in the central regions was 349 USD/t on June 26, which is 8 USD less than a week ago, 4 USD less than a month ago, and 23 USD less than in 2024. The price for ports is 368 USD/t. It decreased by 14 USD, 13 USD, and 10 USD over the week, month, and year, respectively,” said analyst Alexander Korenitsyn.

The price of rapeseed (France, FOB) on June 25 was $557/t. Price changes: down $9 per week, up $7 per month, and up $55 per year. The cost of rapeseed (Ukraine, CPT) on June 26 for central regions is 497 USD/t (up 106 USD per year), for ports – 531 USD/t (up 110 USD per year).

 

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Exports of Ukrainian sunflower oil to India increased by 57% in July

Ukraine is increasing exports of sunflower oil to India. In July 2025, it supplied 78,000 tons to this country, which is 57% more than in June, according to the analytical agency UkrAgroConsult.

The agency cited Indian sources, according to which Ukrainian oil accounted for 39% of total imports of this product to India in July, which amounted to 200,000 tons. Thus, for the first time since the start of the war,

Ukraine has overtaken Russia, whose exports to India in this segment amounted to 49,000 tons, or 25% of the total volume imported into the country.

“In recent seasons, Russia has dominated the Indian sunflower oil market, while Ukraine’s share has fluctuated between 13% and 34%. However, in the second half of the 2024/25 season, Russian producers reduced production volumes due to low profitability, which led to a decrease in supply on foreign markets. An additional factor was the non-zero export duty on Russian oil,” experts explained.

According to analysts, Ukraine exported 767,000 tons of sunflower oil to India between September 2024 and July 2025, which is 55% more than in the same period of the previous season.

“This figure is a record since 2022, confirming India’s position as a key importer of Ukrainian oil. The growth in exports reflects the stable recovery of Ukraine’s position in the global market,” UkrAgroConsult concluded.

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Ukraine ranked third in world in honey exports in 2024

In 2024, Ukraine entered the TOP 3 global leaders in honey exports and ranked third with 85.8 thousand tons, according to the Ukrainian Agribusiness Club (UABC).

Analysts noted that China and India ranked first and second among the world’s top five honey exporters last year, with 169,600 tons and 94,800 tons, respectively. Argentina (78,100 tons) and Vietnam (48,200 tons) ranked fourth and fifth.

“Honey is probably one of the few components of Ukrainian agricultural exports that has not been affected by the blockade of seaports by Russian troops, as its main consumers are European countries. Previously, the duty-free quotas for this product, which were allocated under the Association Agreement with the EU, were exhausted by Ukrainian exporters in a matter of days — sometimes as early as January 4. After the European Union abolished duties and fees on Ukrainian exports, Ukrainian beekeepers had profitable export opportunities,” the experts explained.

According to their information, the largest buyers of Ukrainian honey in 2024 were Germany (18.9 thousand tons), the United States (12.1 thousand tons), Poland (9.7 thousand tons), France (9.6 thousand tons), and Belgium (7.1 thousand tons). In addition, Ukrainian honey was present in other markets, namely Turkey, Great Britain, Japan, Switzerland, Canada, Qatar, Jordan, etc.

However, in 2025, the EU reintroduced quotas on Ukrainian honey, creating additional barriers to exports.

“Although the quotas are significantly higher than before, they still do not cover Ukraine’s entire export potential. At the same time, this is an important step that helps Ukrainian producers remain competitive in the European market, which remains key for the sale of Ukrainian honey,” the UCA concluded.

 

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Tin imports to Ukraine increased by 52%, exports decreased threefold

Imports of tin and tin products rose by 52.2% to $2.338 million (in July – $410,000), while exports of tin and tin products in the first seven months of 2025 amounted to $101,000 (July – $16,000) compared to $331,000 in the first seven months of 2024.

Tin is mainly used as a safe, non-toxic, corrosion-resistant coating in its pure form or in alloys with other metals. The main industrial applications of tin are in white tin (tin-plated iron) for the manufacture of food containers, in solders for electronics, in domestic piping, in bearing alloys, and in coatings made of tin and its alloys. The most important alloy of tin is bronze (with copper).

 

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