Business news from Ukraine

Business news from Ukraine

Copper imports to Ukraine fell by 11.6% in two months to $26.8 mln

In January-February of this year, Ukrainian enterprises reduced imports of copper and copper products in monetary terms by 11.6% compared to the same period last year, to $26.757 million.

According to customs statistics released by the State Customs Service of Ukraine on Tuesday, exports of copper and copper products during the specified period decreased by 14.6% to $12.213 million.

In February, copper imports amounted to $15.724 million, while exports amounted to $7.260 million.

As reported, in 2025, Ukrainian enterprises increased imports of copper and copper products in monetary terms by 23.2% compared to the previous year, to $173.453 million, while exports of copper and copper products grew by 17.7%, to $103.848 million.

Copper is widely used in electrical engineering, in the production of pipes, for creating alloys, in medicine, and in other industries.

Earlier, the Experts Club information and analytical center released a video dedicated to global copper production and leading producing countries – https://youtube.com/shorts/_h8iU50z8C0?si=a-XkgGEfeUxseQNa

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Exports of metal products from Ukraine fell by 25.8%, imports rose by 13.5%

In January-February of this year, Ukrainian metallurgical companies reduced their revenues from ferrous metal exports by 1% compared to the same period last year, from $419.20 million to $415.10 million.

According to statistics released by the State Customs Service (SCS) on Tuesday, ferrous metals accounted for 6.42% of total export revenues during this period, compared to 6.67% in January-February 2025.

In February 2026, export revenues amounted to $210.24 million, compared to $205.08 million in the previous month.

At the same time, Ukraine increased imports of similar products by 6.6% in January-February 2026, to $243.31 million, including $120.59 million worth of products imported in February.

In addition, in January-February 2026, Ukraine reduced exports of metal products by 25.8% to $107.37 million, with $58.79 million exported in February.

Imports of metal products during this period increased by 13.5% to $156.61 million, of which $79.88 million was imported in February.

As reported, Ukrainian metal companies increased their revenues from ferrous metal exports by 7.85% in 2025 compared to the previous year, to $3 billion 339.49 million. Ferrous metals accounted for 8.25% of total export revenues for the year, compared to 7.42% in 2024. At the same time, Ukraine increased imports of similar products by 12.9% in 2025, to $1 billion 669.54 million. In addition, last year Ukraine reduced exports of metal products by 3%, to $916.15 million. Imports of metal products increased by 24.4% over the year, to $1 billion 290.61 million.

In 2024, metal companies increased their revenues from ferrous metal exports by 16.9% compared to the previous year, to $3 billion 96.34 million. At the same time, Ukraine increased imports of similar products by 13.1%, to $1 billion 478.81 million.

In 2023, Ukraine reduced its revenues from ferrous metal exports by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from goods exports, while in 2022 the share was 10.3%. At the same time, Ukraine increased imports of similar products by 37% in 2023, to $1 billion 307.05 million. In addition, in the same year, Ukraine reduced exports of metal products by 16.6% compared to the previous year, to $877.92 million. At the same time, imports of metal products increased by 40.3%, to $902.57 million.

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UACB forecasts 22% increase in barley exports to 2.8 mln tons

Barley exports from Ukraine in the 2025/2026 marketing year (MY, July-June) are forecast at 2.8 million tons, which is 22% higher than the previous season, according to the Ukrainian Agribusiness Club (UACB) on Facebook.

The association’s analysts noted that barley production has remained relatively stable during the years of war, although it has declined significantly compared to the pre-war period. In 2025/26 MY, Ukraine harvested 5.3 million tons of this crop, which is 0.4% more than in the previous marketing year, but 19.7% less than the average for the last five years.

Among the key trends of the season, experts highlighted the largest reduction in barley acreage among all grains due to the temporary occupation of territories and low export potential. The area under cultivation was 1.4 million hectares, which is 0.9% less than in the previous marketing year and 26.4% below the five-year average. At the same time, barley was the only grain crop to show an increase in yield to 3.9 tons/ha, which was 8.4% higher than the average for the last five years.

Experts emphasized that increased production and high carryover stocks allowed for increased shipments to foreign markets after a decline in the 2024/2025 season. At the same time, Ukraine continues to experience a prolonged decline in domestic barley consumption, which is estimated at 2.8 million tons in the current marketing year. Of this volume, 1.9 million tons are used for feed, and 0.2 million tons are used for food.

“Despite the largest reduction in acreage among all grains, barley managed to maintain production volumes thanks to increased yields. The decline in domestic consumption and the availability of carryover stocks will allow Ukraine to increase exports in the 2025/2026 marketing year, meeting the demand of countries in Asia, Africa, and the Middle East,” the UACB concluded.

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Grain exports from Ukraine will increase to 42 mln tons despite lower harvest

The gross grain harvest in Ukraine in the 2026-2027 marketing year (MY, July-June) is forecast at 58.7 million tons, which is 4% lower than the current season’s figures, according to the information and analytical agency APK-Inform.

According to analysts’ March estimates, the wheat harvest is expected to reach almost 20 million tons, which is 14% less than in the current season. Barley harvest may amount to 5.1 million tons (-5%), while corn production is forecast at 31.8 million tons, which is 3% higher than last year.

“This forecast is based on the reduction in the area sown with winter crops due to the drought in the fall and unfavorable weather conditions in February this year, which may lead to the partial destruction of winter crops in some regions, as well as a possible slight increase in the area sown with corn due to the replanting of winter crops amid high demand for this grain,” the agency explains.

At the same time, despite the expected decline in gross harvest, experts estimated the export potential of grains in 2026/27 MY at 42 million tons, which is 4% more than in 2025/26 MY. The growth in supplies to foreign markets will be facilitated by high carryover stocks from the current season, which may amount to 11.4 million tons, APK-Inform concluded.

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Ukraine’s agricultural exports stabilized at 5 mln tons in February

According to the Ukrainian Agribusiness Club (UAC), agricultural exports from Ukraine totaled 5.0 million tons in February 2026, which is 0.3% higher than the previous month.

“This is the fourth month in a row that agricultural exports have remained at 5.0 million tons with minimal deviations. The main product currently being exported is corn,” analysts said.

In the export structure for February, grain crops accounted for the largest share—3.4 million tons, which is 1% more than in January. In this segment, corn accounted for 81% of supplies, and wheat—19%. At the same time, exports of oilseeds decreased by 14% to 303.5 thousand tons (soybeans — 72%, rapeseed — 25%, sunflower — 2%).

Supplies of vegetable oils to foreign markets in February fell by 9% and amounted to 437.7 thousand tons. In this category, sunflower oil accounts for 83%, rapeseed oil for 10%, and soybean oil for 7%. On the other hand, exports of oilcake after the extraction of vegetable oils increased by 14% to 470.4 thousand tons, with sunflower oil accounting for 75% and soybean oil for 25%. Exports of other types of agricultural products increased by 3% to 359.7 thousand tons.

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UCA predicts corn exports to grow to 23.8 mln tons in 2025/26 MY

Ukraine will export 23.8 million tons of corn in the 2025-2026 marketing year (MY, July-June), which is 8.3% more than in the previous MY, according to the Ukrainian Agribusiness Club (UACB) on Facebook.

According to the association, production volumes are gradually recovering after the occupation of part of the territory: the harvest will reach 29.9 million tons (+11.2% compared to last year), although this is 6.8% less than the average for the last five years.

Analysts explained the improvement in gross harvest by an 11.6% increase in acreage to 4.5 million hectares. At the same time, due to heavy autumn rains, the harvest was delayed, and the average yield was 6.6 t/ha, which is 0.3% less than in the previous marketing year.

The UAC noted that in the 2024/25 marketing year, corn exports decreased by 25.6% (to 22.0 million tons) due to lower production and a decrease in carryover stocks from 6.4 million tons to 3.7 million tons. Experts estimated total domestic consumption in 2025/26 MY at 6.2 million tons, of which 5.2 million tons will be used for feed, 182 thousand tons for seeds, and 418 thousand tons for non-food processing.

“The Ukrainian corn market remains flexible. Despite the loss of land due to temporary occupation and difficult weather conditions, farmers are managing to increase acreage and gross harvest. The crop meets domestic demand for animal feed and is returning to export growth, remaining one of the mainstays of Ukrainian exports,” the UCAAB concluded.

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