Business news from Ukraine

Business news from Ukraine

Iron ore exports from Ukraine fell by 34% in January

In January this year, Ukrainian mining companies reduced exports of iron ore raw materials (IORM) in physical terms by 34.4% compared to the same period last year, from 3 million 132,403 thousand tons to 2 million 54,539 thousand tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, 2 million 220.646 thousand tons of iron ore raw materials were exported in December.

In the first month of the year, foreign exchange earnings from iron ore raw materials exports decreased by 35.1% to $160.246 million.

Exports of raw materials were mainly to China (35.09% of shipments in monetary terms), Slovakia (17.56%), and Poland (16.89%).

In addition, in January 2026, Ukraine imported 180 tons of mineral resources worth $26 thousand from Poland (76.92%) and Italy (23.08%), while in January 2025, it did not import these products.

As reported, in 2025, Ukrainian mining companies reduced their exports of mineral resources in physical terms by 8% compared to the previous year, to 30 million 995.363 thousand tons from 33 million 699.722 thousand tons, and foreign exchange earnings decreased by 16.6% to $2 billion 337.765 million from $2 billion 803.223 million. Exports were mainly to China (44.98% of shipments in monetary terms), Slovakia (17.15%), and Poland (16.09%).

In addition, in 2025, Ukraine imported $95 thousand worth of raw materials in the amount of 130 tons from the Netherlands (46.32%), Italy (36.84%), and Norway (13.68%), while in the previous year it imported 2,042 tons worth $414 thousand.

In 2024, Ukraine increased its exports of raw materials by 89.8% compared to 2023, to 33 million 699.722 thousand tons, and foreign exchange earnings grew by 58.7%, to $2 billion 803.223 million UAH. In 2024, Ukraine imported mineral resources worth $414 thousand in a total volume of 2,042 thousand tons, while in 2023, 250 tons of these raw materials were imported worth $135 thousand. In 2023, exports of iron ore raw materials decreased by 26% in physical terms compared to 2022, to 17 million 753.165 thousand tons. Foreign exchange earnings amounted to $1 billion 766.906 million (a decrease of 39.3%). A total of 250 tons of iron ore raw materials were imported for $135,000.

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Imports to Ukraine rose by 22% to $6.7 bln in January, while exports remained at $3.2 bln

Imports of goods to Ukraine in January 2026 amounted to $6.7 billion in monetary terms, while in January 2025 this figure was 22% lower at $5.5 billion, in January 2024 – $5.1 billion, and in January 2023 – $4.8 billion, according to data from the State Customs Service of Ukraine (SCS).

According to data published on Tuesday on the SSU’s Telegram channel, in monetary terms, exports of goods remained at the 2025 level and amounted to $3.2 billion, while in 2024 this figure reached $3.4 billion, and in 2023 – $3.1 billion.

“At the same time, taxable imports amounted to $4.4 billion, which is 66% of the total volume of imported goods. The tax burden per 1 kg of taxable imports in January 2026 was $0.5/kg,” the report said.

The SSU noted that China imported the most goods to Ukraine, worth $1.9 billion, followed by Turkey, worth $703 million, and Poland, worth $623 million.

In turn, the most goods were exported to Poland, worth $358 million, Turkey, worth $276 million, and Italy, worth $232 million.

Of the total volume of goods imported into Ukraine in January 2026, 69% of the categories were machinery, equipment, and transport – $2.7 billion (14.8 billion hryvnia, or 24% of customs revenue, was paid to the budget during customs clearance), fuel and energy products accounted for $1.1 billion (UAH 26.6 billion, or 43% of revenues), and chemical industry products accounted for $869 million (UAH 7.1 billion was paid, which is 11% of customs payments).

The top three most exported goods from Ukraine were food products ($2 billion), metals and metal products ($286 million), and machinery, equipment, and transport ($253 million).

The State Customs Service added that in January 2026, UAH 187.1 million was paid to the budget from customs clearance of exports of goods subject to export duties.

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Ukrainian wheat flour exports may fall to 65,000 tons in 2025/26 season

Wheat flour exports from Ukraine in the 2025/2026 season may amount to 65,000 tons, which is 2.6% lower than in the previous marketing year (67,000 tons), according to the information and analytical agency APK-Inform.

Analysts noted that in the first seven months of the 2025-2026 marketing year (MY, July-June), shipments to foreign markets amounted to 37.5 thousand tons, which is 7% less than in July-January of the previous season. In particular, in January 2026, exports fell by 23% to 4.3 thousand tons.

The main consumers of Ukrainian flour remain Moldova with a share of 30%, Palestine with 20%, and the Czech Republic with 16%. At the same time, the volumes of purchases by key importers decreased: Moldova imported 11.4 thousand tons (-8%), Palestine — 7.3 thousand tons (-10%), and the Czech Republic — 5.9 thousand tons (-32%). At the same time, analysts recorded an increase in demand from Israel and Spain, which purchased 3 thousand tons and 2.7 thousand tons, respectively, during the specified period.

Analysts attribute the decline in export estimates to a reduction in domestic production. In July-January 2025/26 MY, Ukraine produced 510.5 thousand tons of flour, which is 10% less than in the previous season, according to APK-Inform.

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Cucumber exports from Ukraine grew by 20% in 2025

Cucumber exports from Ukraine grew by 19.7% in 2025 compared to 2024, reaching 3.76 thousand tons, according to statistics from the State Customs Service.

Poland (54.5% of exports in monetary terms), Estonia (36.4%), and Moldova (7.5%) were the most active buyers of Ukrainian cucumbers in 2025.

A year earlier, the top three were the same, but with a different distribution of shares: Estonia (50.6%), Poland (32.6%), and Moldova (9.3%).

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Tomato exports from Ukraine fell by 31% in 2025

Tomato exports from Ukraine amounted to 553 tons in 2025, which is 31.2% less than in 2024, according to data from the State Customs Service.

In 2025, the main buyers of Ukrainian tomatoes were Moldova (61.5% in monetary terms), Poland (34.1%), and Romania (1.1%). In 2024, Moldova was also the largest buyer, accounting for 86% of exports.

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Ukrainian egg exports grew by 65% in 2025, reaching 2 bln eggs

Ukrainian egg producers exported 2.05 billion eggs in 2025, which is 65.5% more than a year earlier, while cash proceeds increased 2.8 times to $201.9 million, according to the Ukrainian Poultry Association (UPA).

The industry association noted that the most active buyers of Ukrainian eggs in 2025 were Spain (16.4%), the United Kingdom (11.9%), the Czech Republic (10.3%), Poland (10.0%), Croatia (8.7%), and Israel (7.8%).

Exports of egg products in 2025 amounted to 8.2 thousand tons and brought Ukraine $47.8 million, which is 2.6% and 40.3% more than in the previous year, respectively. The largest importers of this product were Latvia (24%), Italy (23.8%), Poland (17.2%), and Denmark (12.6%).

“Ukraine was able to strengthen its trade presence in the European market for eggs and egg products, with the share of EU countries reaching 73.4% and 92.6% of total exports of these goods in 2025. A significant reduction in egg production in EU countries due to the difficult epizootic situation over the past year and the need for a long recovery period led to price increases in the European market and contributed to increased demand for Ukrainian products,” the APU explained.

According to the association, the Ukrainian egg production sector is gradually recovering after a significant reduction in livestock and loss of production capacity in eastern and southern Ukraine at the beginning of the war.

“Due to the significant reduction in population and its low purchasing power, exports play a decisive role in balancing the domestic market and ensuring the country’s food security,” the business association emphasized, recalling that Ukrainian poultry producers are currently operating in extremely difficult conditions of martial law caused by security risks, the energy crisis (power outages), the disruption of logistics chains, and a sharp increase in production costs.

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