Exports of poultry meat brought Ukraine almost $1 billion in 2024, the Verkhovna Rada Committee on Agrarian and Land Policy reported, citing information from the State Customs Service of Ukraine.
According to the report, in 2024, the Ukrainian poultry industry demonstrated an increase in exports, which increased by 5.7%, and revenues, which increased by more than 20%.
At the same time, exports of poultry meat and edible offal reached 448.8 thousand tons, which is 5.7% more than in the previous year. Total exports amounted to $962.7 million, which is 20.4% higher than in 2023.
The main importers of Ukrainian products were the Netherlands, which purchased 23.2% of total exports. Saudi Arabia ranked second with a share of 16.1%, and Slovakia was third with 8.5%.
In 2024, Ukraine also exported 77.8 thousand tons of eggs, which is 59.4% more than a year earlier. In monetary terms, exports increased by 22.5% compared to 2023 to $74.5 million. The main buyers of Ukrainian eggs were Israel (14.1%), Poland (11.7%) and Italy (11.1%).
The growth in exports demonstrates the high competitiveness of Ukrainian products in the international market and the efficiency of domestic producers. Expanding the geography of supplies and increasing demand for Ukrainian poultry and eggs once again emphasize its quality and compliance with international standards, the MPs noted.
The Verkhovna Rada emphasized that these indicators are a positive signal for the further development of the poultry industry in Ukraine, in particular for attracting new investments and expanding export potential.
In January 2025, Ukraine exported 5 million tons of agricultural products, which is 9.7% less than the same indicator of the previous month, according to the Ukrainian Agribusiness Club (UCAB).
“For the third month, there has been a downward trend, but this is typical for the winter period in the absence of force majeure,” analysts explained.
Speaking about the structure of exports in January 2025, they noted that the exports of grains decreased by 3% to 3.5 mln tonnes (corn – 72%, wheat – 26%, barley – 2%) compared to December 2024, oilseeds – by 39% to 352 thsd tonnes. tons (soybeans – 63%, rapeseed – 29% and sunflower seeds – 6%), cake after extraction of vegetable oils – by 22% to 406.3 thsd tonnes (sunflower – 67%, soybean – 33%), other agricultural products – by 24% to 329.5 thsd tonnes.
At the same time, the export of vegetable oils increased by 1% compared to December 2024, to 424.4 thsd tonnes (sunflower oil – 89% and soybean oil – 10%).
The analysts noted that the export volumes of grains and vegetable oils remained approximately at the level of the previous month. Oilseeds (-39%) and oilcakes after extraction of vegetable oils (-22%) showed the decline.
“In the current marketing year, the vast majority of agricultural products intended for export have already been exported, in particular, wheat – 64%, corn – 55%. Accordingly, in the coming months, a further slight reduction in export shipments is possible,” UCAB predicts.
In 2024, the Export Credit Agency (ECA) supported 69 exporters by insuring their foreign trade agreements, loans for the execution of such agreements, and investment loans for UAH 1 billion, according to the agency’s website.
Thus, the supported exports amounted to UAH 7.53 billion, and one hryvnia of ECA’s liability brought UAH 7.52 of future export revenue.
ECA’s clients operate in 19 regions of Ukraine, among which the leaders in terms of exports were: Kyiv (UAH 3.8 billion of export revenue), Lviv region (UAH 1.25 billion) and Vinnytsia region (UAH 703 million).
Nine banks are helping exporters, together with the ECA, to safely expand their business geography. Ukrgasbank financed UGB the most – UAH 374.67 million (UAH 2.9 billion of supported exports), Oschadbank – UAH 208 million (UAH 629 million), and FUIB – UAH 131 million of loans (UAH 1.78 billion of supported exports).
The ECA also reports that during the year it introduced new products to protect investors from military risks and concluded the first such agreements, supporting UAH 137.6 million of investments.
The ECA also insured a bank guarantee for the performance of work by a Ukrainian contractor in Poland for the first time.
In 2024, ECA became a full member of the Berne Union, an international organization that brings together export credit agencies and promotes international trade.
“This opens up new opportunities for cooperation with international partners and raising our export risk insurance standards and improving insurance products,” the agency explained.
In cooperation with the World Bank, ECA developed a draft five-year strategy for the company and adopted it, which was one of Ukraine’s commitments to the IMF. The task was completed five months ahead of schedule.
In addition, ECA was the first state-owned company to approve its strategy by a decision of the Supervisory Board in accordance with updated corporate governance standards.
The report also notes that in 2025, the main tasks of the ESA will be, in particular, to expand the possibilities of insuring foreign trade contracts, increase the volume of support for foreign economic contracts, and the amount of investment finance insurance. Another priority will be the launch of a loan insurance compensation program aimed at supporting small and medium-sized businesses. The actual reduction in the cost of insurance will contribute to an increase in the number of exporters who want to receive additional protection for their business, explains ECA. And by addressing the lack of capital, ECA will be able to support more businesses and implement larger projects.
Electricity imports in January 2025 decreased by 63.2% to 159.09 thousand MWh compared to December 2024, while exports increased 9 times to 63.4 thousand MWh, according to the Energy Map portal.
Thus, according to the calculations of the Energoreforma Internet portal, based on these data, electricity imports in January 2025 exceeded exports by 2.5 times.
Most of the electricity was imported in January from Poland – 50.78 thousand MWh (31.92% of the total). This was followed by Slovakia – 42.46 thousand MWh (26.69%), Hungary – 41.2 thousand MWh (25.9%), Romania – 23.38 thousand MWh (14.7%), and Moldova – 1.26 thousand MWh (0.79%).
In terms of exports in January, Moldova ranks first – 27.14 thousand MWh (42.81%) were supplied there. Hungary exported 21.12 thousand MWh (33.31%), Romania – 8.18 thousand MWh (12.9%), Slovakia – 6.27 thousand MWh (9.89%), Poland – 0.68 thousand MWh (1.08%).
As reported, electricity imports in December 2024 increased by 2.7 times compared to November – up to 433.4 thousand MWh, while exports decreased by 6.1 times – to 6.8 thousand MWh.
“In 2024, Ukraine imported 4436.6 thousand MWh of electricity, which was the highest figure for the last 11 years (actual data before 2014 are not publicly available). At the same time, electricity exports reached a historic low of 348.5 thousand MWh,” says the annual review provided to the Energoreforma project by DiXi Group, a Ukrainian energy and climate think tank.
In 2024, ferrous scrap enterprises sharply increased exports of strategic raw materials for steelmaking companies by 60.6% compared to 2023, to 293.1 thousand tons (in 2023, exports amounted to 182.5 thousand tons, in 2022 – 53.6 thousand tons).
According to the Ukrainian Association of Secondary Metals (UAVtormet), scrap collectors increased scrap supplies to Ukrainian steelmakers by 29.8% year-on-year last year to 1.343 million tons.
The technological reserves of ferrous scrap at the enterprises were estimated at 40-50 thousand tons at the end of the year. At the same time, the estimated technological needs of metallurgists for this raw material, according to the Association, are fully met, with an excess of 3.5-5.2%.
Last year, the volume of ferrous scrap procurement increased by 37% to 1.749 million tons. According to UAVtormet, this trend was driven by an increase in steel production at metallurgical and foundry enterprises with a corresponding increase in scrap consumption, as well as the export capabilities of Ukrainian procurement companies during the reporting year.
Scrap imports amounted to 1.2 thousand tons in 2024 and 1.1 thousand tons in 2023.
It is also stated that steel production last year amounted to 7.575 million tons, which is 21.6% more than the previous year.
According to the forecast, Ukraine will produce 6.5-6.8 million tons of steel in 2025 (6.228 million tons were produced in 2023, 6.263 million tons in 2022), and will procure 1.450-1.650 million tons of scrap metal (1 million 277.3 thousand tons in 2023, 996.7 thousand tons in 2022). Steelmakers are also expected to consume 1.1-1.2 million tons of scrap (1 million 34.7 thousand tons in 2023 and 895.7 thousand tons in 2022), export 300-350 thousand tons of scrap (182.5 thousand tons in 2023 and 53.6 thousand tons in 2022), increasing the export of strategic raw materials for steelmakers. Scrap imports are expected to reach 1.5-3 thousand tons.
Earlier, Ukrmetallurgprom President Oleksandr Kalenkov stated in a column on theInterfax-Ukraine website that scrap metal is exported through the European Union, which has a preferential export duty of EUR3 per ton, and from there the raw materials are redirected to real customers. He pointed out that exporting raw materials directly to customers would cost EUR180 in export duties, and the Ukrainian budget has already lost UAH 350 million.
The head of Ukrmetallurgprom called for a temporary ban on the export of ferrous scrap to provide steelmakers with strategically important raw materials during the war. He also clarified that a ton of scrap metal processed into steel brings in ten times the amount of export duties to the EU – up to $300 per ton.
Export revenues of the Ukrainian IT sector last year amounted to $6.45 billion, which is 4.2% less than in 2023 and 12.3% less than in 2022, according to statistics from the National Bank of Ukraine (NBU).
The largest inflows in terms of this year were recorded in the fourth quarter – $1.67 billion, while for the same period in 2023 and 2022, this figure was $1.70 billion and $1.87 billion, respectively.
According to statistics, the United States of America was the most active importer of Ukrainian IT last year, with $2.39 billion worth of goods, although its share in the total volume decreased by 2.6 percentage points (p.p.) to 37.2%.
The second place was taken by the UK, which increased its share by 0.8 p.p. to 8.8% and imported $565 million worth of Ukrainian IT services.
It was followed by Malta, whose share among importers decreased by almost 0.7 percentage points to 7.8%: in 2024, the country purchased $565 million worth of IT services from Ukraine.
The top five countries in terms of consumption of Ukrainian IT exports are Cyprus and Israel, whose shares slightly increased in 2024 to 6.1% and 4.6%, respectively. Cyprus imported $394 million worth of Ukrainian IT, while Israel imported $297 million.
