Business news from Ukraine

Business news from Ukraine

In June, Ukraine resumed net electricity exports for first time in year and half

In June 2025, Ukraine exported 14.5% more electricity than it imported, which happened for the first time since October 2023, according to the Ukrainian energy and climate think tank DiXi Group, citing Energy Map.

“In June, electricity exports exceeded imports by 14.5%. This happened for the first time since 2023: the last time sales exceeded purchases was in October of the year before last,” DiXi Group said in a Facebook post.

A total of 233.4 thousand MWh were exported in June, which is 2.6 times higher than in May.

More than half of exports went to Hungary – 52.4% or 122.3 thousand MWh.

Another 16.6% (38.7 thousand MWh) went to Romania, 15.9% (37.2 thousand MWh) to Slovakia, 14.7% (34.2 thousand MWh) to Moldova, and 0.4% (0.9 thousand MWh) to Poland.

Exports were carried out daily, gradually reaching a peak on June 27 – 15.8 thousand MWh per day.

DiXi Group experts note that it was on that day that supplies to Poland resumed after a break of more than three months.

Imports increased by 5% compared to May, reaching 203.9 thousand MWh, of which 43% (87.7 thousand MWh) came from Hungary, 24% (48.8 thousand MWh) came from Slovakia, 14.7% (30,000 MWh) from Poland, 12.4% (25,300 MWh) from Romania, and 5.9% (12,000 MWh) from Moldova.

“With imports compared to exports, everything was the opposite: from high figures, the largest of which, 13.7 thousand MWh, fell on June 9, they moved to lower ones. On June 16, the lowest amount was purchased, namely 1.5 thousand MWh. Supplies fell by 6-25% from all countries except Slovakia and Hungary, where they increased by 35% and 13%, respectively,” explains DiXi Group.

Analysts note that in June last year, a record 858.4 thousand MWh were imported, which is more than four times higher than the corresponding result for 2025.

As reported, in May 2025, Ukraine reduced electricity exports by 41% compared to April, to 89.1 thousand MWh, while increasing imports by 4%, to 194.1 thousand MWh.

 

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Aluminum imports increased by 20%, exports by 32%

In January-May 2025, Ukraine imported aluminum and aluminum products worth $206.628 million, up 20.2% compared to the same period in 2024. In May, imports of aluminum products amounted to $40.340 million.

Over the same period, aluminum exports increased by 31.9% to $57.761 million. In May, the company exported products worth $12.698 million.

In 2024, aluminum imports amounted to $446.006 million (+21.7% compared to 2023), and exports amounted to $124.408 million (+27.4%). In 2023, Ukraine imported aluminum products worth $366.463 million and exported $97.616 million.

 

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Exports of semi-finished steel products fell by 34%

In January-May this year, Ukraine reduced exports of semi-finished carbon steel products in physical terms by 34.1% year-on-year to 506,071 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, exports of carbon steel semi-finished products fell by 34.7% to $248.953 million in monetary terms.

The main exports were mainly to Bulgaria (40.43% of supplies in monetary terms), Turkey (15.96%) and Poland (15.07%).

During the period, Ukraine imported 3,303 thousand tons of semi-finished products worth $2.687 million, mainly from the Czech Republic (72.47%), Italy (26.26%) and Romania (0.93%).

As reported, in 2024, Ukraine increased exports of carbon steel semi-finished products in physical terms by 56.7% compared to 2023 – up to 1 million 886.090 thousand tons, while revenue in monetary terms increased by 52.4% to $927.554 million. The main exports were made to Bulgaria (32.06% of supplies in monetary terms), Egypt (18.50%) and Turkey (11.14%).

In 2024, Ukraine imported 306 tons of semi-finished products worth $278 thousand from the Czech Republic (88.13%), Romania (7.19%), and Poland (2.88%), while in 2023 it imported 96 tons worth $172 thousand.

 

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Exports of titanium ores from Ukraine plummeted by 91%

In January-April of this year, Ukraine reduced exports of titanium-containing ores and concentrates in physical terms by 91.4% compared to the same period last year, to 277 tons.

According to statistics released by the State Customs Service (SCS) on Friday, in monetary terms, exports of titanium-containing ores and concentrates decreased by 90.6% to $496 thousand.

The main exports went to Uzbekistan (35.61% of shipments in monetary terms), Turkey (35.01%), and Egypt (29.38%).

In the first five months of 2025, Ukraine imported 24 tons of titanium-containing ore worth $39,000 from China (94.87%, deliveries took place in January) and Uzbekistan (5.13%, deliveries took place in May).

In addition, in the first five months of 2025, Ukraine exported 1,099 tons of niobium, tantalum, vanadium, and zirconium ores and concentrates worth $1.704 million to Spain (61.22%), Italy (17.65%), and Germany (11.17%). to Spain ($1.704 million, 61.22%), Italy ($1.06 million, 17.65%), and Germany ($100,000, 11.17%). At the same time, the country imported 104 tons of such ores worth $258 thousand from Spain (55.17%), China (28.66%), and the Czech Republic (11.85%).

As reported, in 2024, Ukraine reduced exports of titanium-containing ores in physical terms by 37.5% compared to the previous year, to 7,284 tons. In monetary terms, exports of titanium-containing ores and concentrates decreased by 40% to $11.654 million. The main exports were to Turkey (62.82% of shipments in monetary terms), Egypt (7.38%), and Poland (6.93%).

In 2024, Ukraine imported 314 tons of titanium-containing ore worth $492 thousand from China (87.78%), Vietnam (6.11%), and Senegal (also 6.11%).

At the same time, experts pointed to discrepancies in statistics on exports of titanium-containing ores.

However, in response to a request from Interfax-Ukraine, the State Customs Service (SCS) of Ukraine reported that complete data on exports of titanium raw materials is not provided due to restrictions on the volume of export and import operations with military and dual-use goods, which are reflected in aggregate form under “Other goods.”

They explained that, in particular, deliveries of titanium-containing ores from companies differ from the SCS data.

“We would like to inform you that these deliveries are included in the statistical exports from Ukraine, but are not reflected in the foreign trade statistics published by the State Customs Service (…) under commodity code 2614 ”Titanium ores and concentrates” in view of the following (…) In accordance with the provisions (…) when protecting data for confidentiality purposes, any information considered confidential shall be reported in full at the next higher level of product data aggregation,” the State Customs Service explained in its response to the agency.

It was clarified that information on customs clearance and movement across the customs border of Ukraine of goods subject to export control is included in the list of information containing official information in the State Customs Service, in accordance with the relevant order.

In Ukraine, titanium-containing ores are currently mined mainly by PJSC United Mining and Chemical Company (OGHK), which manages the Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipropetrovsk region) and the Irshansk Mining and Processing Plant (IGZK, Zhytomyr region), as well as LLC “Mezhirichensky GZK” and LLC “Valky-Ilmenit” (both LLCs are located in Irshansk, Zhytomyr region). In addition, the production and commercial firm Velta (Dnipro) built a mining and processing plant at the Birzulivskoye deposit with a capacity of 240,000 tons of ilmenite concentrate per year.

 

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Exports of ferrous metals from Ukraine increased to $1.26 bln

In January-May this year, Ukraine’s metallurgical enterprises increased revenues from ferrous metal exports by 3.62% year-on-year to $1 billion 262.746 million.

According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 7.45% of total export revenues during this period, compared to 7.24% in January-May 2024.

In May, export earnings amounted to $267.702 million, while in the previous month it was $266.358 million.

At the same time, Ukraine increased imports of similar products by 10.1% to $663.150 million in January-May 2025. In May, products worth $159.463 million were imported.

In addition, in January-May 2025, Ukraine increased exports of metal products by 6.1% to $427.902 million. In May, they were exported for $97.382 million.

Imports of metal products decreased by 2.3% to $413.680 million over the same period. In May, these products were imported for $86.712 million.

As reported earlier, in 2024, Ukraine’s steelmaking companies increased revenues from ferrous metal exports by 16.9% year-on-year to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1% last year to $1 billion 478.814 million.

In 2023, Ukraine reduced revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from exports of goods during this period, while in 2022 the share was 10.3%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.05 million.

In addition, in 2023, Ukraine decreased exports of metal products by 16.6% year-on-year to $877.92 million. At the same time, imports of metal products increased by 40.3% to $902.57 million during this period.

 

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Since beginning of year, Ukraine has exported wood and wood products worth almost $700 million

Since the beginning of the year, exports of wood and wood products from Ukraine amounted to 1.42 million tons worth $671.8 million. Compared to the same period in 2024, when 1.34 million tons were exported for $593.9 million, the volume of exports increased by 81,700 tons, or 6%. At the same time, in monetary terms, there was an increase of $77.9 million, or 13%.

Pine products account for the largest share, 68.6%, indicating high demand for this type of wood on foreign markets. Spruce timber ranks second with 19%, followed by oak with 6.6% of the total volume.

At the same time, since the beginning of the year, customs authorities have detected violations amounting to over UAH 31.4 million.

 

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