Business news from Ukraine

Business news from Ukraine

State Customs Service: imports of goods to Ukraine grew by 31% in two months, reaching $14.8 bln

Imports of goods to Ukraine in January-February 2026 amounted to $14.8 billion in monetary terms, while in the same period last year they amounted to $11.3 billion, which is 31% less, according to data from the press service of the State Customs Service of Ukraine (SCS).

According to a publication on the agency’s Telegram channel, in the first two months of 2026, goods worth $6.5 billion were exported from Ukraine, which is almost unchanged compared to the same period in 2025 ($6.3 billion).

“At the same time, taxable imports amounted to $5.2 billion, which is 78% of the total volume of imported goods. The tax burden per 1 kg of taxable imports in January-February 2026 was $0.54/kg,” the report says.

The largest imports to Ukraine came from China ($4 billion), Poland ($1.4 billion), and Turkey ($1.1 billion).

The largest exports from Ukraine went to Poland ($713 million), Turkey ($563 million), and Italy ($428 million).

Of the total volume of goods imported in January-February 2026, 71% of the categories were machinery, equipment, and transport – $6 billion (with customs clearance, 32.9 billion UAH, or 26% of customs payments, was paid to the budget), fuel and energy products – $2.6 billion (49.7 billion hryvnia, or 39% of customs payments, paid to the budget), chemical industry products – $2 million (15.9 billion hryvnia, or 12% of revenues, paid).

The top three most exported goods from Ukraine were food products – $4 billion, metals and metal products – $589 million, and machinery, equipment, and transport – $532 million.

“In January-February 2026, during customs clearance of exports of goods subject to export duties, UAH 318.5 million was paid to the budget,” the State Customs Service summarized.

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Imports of goods to Ukraine grew by 31% in two months, reaching $14.8 bln

Imports of goods to Ukraine in January-February 2026 increased by 31% in monetary terms compared to the same period last year, reaching $14.8 billion from $11.3 billion, while exports remained virtually unchanged at $6.5 billion compared to $6.3 billion a year ago, according to data published by the press service of the State Customs Service of Ukraine (SCS) on its Telegram channel.

“At the same time, taxable imports amounted to $5.2 billion, which is 78% of the total volume of imported goods. The tax burden per 1 kg of taxable imports in January-February 2026 was $0.54/kg,” the report says.

The largest imports to Ukraine came from China ($4 billion), Poland ($1.4 billion), and Turkey ($1.1 billion).

The largest exports from Ukraine went to Poland ($713 million), Turkey ($563 million), and Italy ($428 million).

Of the total volume of goods imported in January-February 2026, 71% of the categories were machinery, equipment, and transport – $6 billion (32.9 billion UAH, or 26% of customs payments, was paid to the budget during customs clearance), fuel and energy products – $2.6 billion (49.7 billion hryvnia paid to the budget, or 39% of customs payments), chemical industry products – $2 million (15.9 billion hryvnia paid, or 12% of revenues).

The top three most exported goods from Ukraine were food products – $4 billion, metals and metal products – $589 million, and machinery, equipment, and transport – $532 million.

“In January-February 2026, during customs clearance of exports of goods subject to export duties, UAH 318.5 million was paid to the budget,” the SFS summarized.

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War in Iran will raise prices for many goods – analysis by Experts Club

The escalation of the war around Iran has already gone beyond a regional conflict and has become a factor in global inflation. On March 9, Brent rose above $119 per barrel intraday, its highest level since 2022, and IMF chief Kristalina Georgieva warned that a sustained 10% increase in oil prices could add about 0.4 percentage points to global inflation. The scale of the risk is also explained by logistics: in 2024, about 20 million barrels of oil per day passed through the Strait of Hormuz, which is approximately 20% of global liquid hydrocarbon consumption.

For Ukraine, the fastest channel for transmitting such a shock is the fuel market. After losing a significant part of its own refining capacity, the country relies on imports: in 2024, Ukraine imported about 1.2 million tons of gasoline, and in January-September 2025, imports of petroleum products reached 5.67 million tons. Even before the current price surge, the market remained sensitive to logistics and external conditions: The NBU noted an acceleration in the growth of prices for gasoline, diesel, and liquefied gas due to supply disruptions, and Reuters reported that in January 2026, gasoline imports grew by 70% year-on-year due to a shortage of domestic production. This makes gasoline, diesel, and autogas the most likely first group of goods to react to a protracted oil shock.

“If the conflict around Iran drags on, Ukraine will feel it almost immediately through rising fuel costs, and then through higher logistics, import, and food prices. For our economy, this is not only an external shock, but also additional inflationary pressure on the domestic market,” says Maksim Urakin, founder of the Experts Club analytical center and candidate of economic sciences.

The second vulnerable group is imported products with long logistics and a high share of transport costs. In 2025, Ukraine increased its imports of agri-food products by 13% to $9.12 billion, with the EU’s share exceeding 53.9%. The largest items in the procurement structure were fruits, berries, and nuts ($1 billion), fish and seafood ($999 million), alcoholic and non-alcoholic beverages ($870 million), cocoa products ($640 million), coffee, tea, and spices ($471 million), and vegetables ($467 million). It is these categories — from bananas and citrus fruits to coffee, chocolate, and seafood — that are most sensitive to increases in freight, fuel, refrigerated logistics, and dollar-denominated commodity prices.

“Consumers will feel the price increases most noticeably where there is a large share of imports and transportation costs. First and foremost, this concerns fuel, coffee, chocolate, fish, seafood, and fruit, and a little later, goods whose prices include more expensive fertilizers, gas, and packaging,” Urakin noted.

The third risk area is fertilizers and then Ukrainian-produced food. There has already been an increase in prices not only for oil and gas, but also for sugar, fertilizers, and soybeans following the escalation around Iran. At the same time, European gas prices jumped by 35-40% in early March, and the EU convened a coordination group on gas supplies. This is doubly sensitive for Ukraine: the NBU previously estimated the need for gas imports in 2026 at $1.1 billion after $2.9 billion in 2025, and fertilizer imports in 2025 rose to 3.285 million tons.

According to GIZ estimates, Ukraine’s dependence on nitrogen fertilizer imports has already exceeded 60%. This means that if oil and gas prices remain high for a long time, in a few months the pressure may shift to the cost of grain, greenhouse vegetables, milk, meat, and other food products.

Products linked to petrochemicals and metals deserve special mention. Oil is a basic raw material for a wide range of chemical products, and Reuters has already noted that aluminum prices have risen to a four-year high amid the current conflict. This increases the risk of price increases for plastic packaging, household chemicals, paints, certain types of cosmetics, tires, PVC materials, and some construction products. The same applies to bitumen, a direct petroleum product, whose imports to Ukraine, according to industry estimates, will remain significant in 2026.

The currency factor could be an additional amplifier. Against the backdrop of the war, investors are turning to the dollar as a safe haven asset. This is important for Ukraine because oil, gas, coffee, cocoa, fertilizers, and a significant portion of other imports are denominated in dollars, and the EU remains the country’s largest trading partner, accounting for more than 50% of trade in goods. Even without a physical deficit, this increases the risk of more expensive imports in hryvnia.

However, not all goods will react equally quickly. Basic products, where Ukraine remains a major producer — primarily wheat, corn, and sunflower oil — are less dependent on immediate imports, and the wheat and corn harvest in 2025 turned out to be better than early expectations.

Therefore, in the short term, fuel, imported fruits and seafood, coffee and chocolate, fertilizers, chemicals, and some construction materials are likely to see the sharpest price increases. But if the energy shock drags on, the rise in logistics costs will almost inevitably begin to seep into the prices of Ukrainian-made goods.

Source: https://expertsclub.eu/vijna-v-irani-pidnime-cziny-na-palyvo-ta-import-analiz-tovariv/

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Silpo launched more than 400 new private label products in 2025

In 2025, the Silpo chain launched more than 400 private label products, increasing its private label range by 20% compared to the previous year, according to the company’s press service.

One of the most successful new products of 2025 was the private label launched under the Silpo brand (gastronomic highlights of regions and countries). For example, steaks that undergo a special aging process, popcorn made from American corn, milk for strudel, as well as vegetables and berries of the highest quality. Among the popular private label products are Winetruck wines, Chixy chicken chips, Premia jerky and kabanos, Mo? mochi, Ma? macarons, Premia cleaning wipes, and others.

In total, 24 private labels are currently available in Silpo supermarkets. Private labels are represented in all product categories, except for tobacco products and gardening supplies. In 2025, 82% of private label sales were for food products, and 18% were for non-food products.

In 2025, the Silpo chain collaborated with over 250 suppliers to manufacture private labels. Of these, 76% were Ukrainian manufacturers and 24% were foreign partners. Supporting Ukrainian businesses remains a strategic priority. Foreign suppliers are involved in categories where there are no local offerings or where the product requires authentic origin.

Among the partners are companies that continue to operate in frontline regions. These are manufacturers from the Kharkiv and Kherson regions. In particular, Hladoprom manufactures the classic range of ice cream under the Premiya brand, Truff Royal manufactures confectionery products, and the Kherson Butter Plant manufactures dairy products.

In 2026, Silpo will continue to develop its own brands. The focus is on new dairy-free Feels Good products, expanding the range of frozen products, in particular Mo? and Ma? desserts, as well as launching handmade products — vareniki, pelmeni, pancakes, and Kraftyar syrniki. Other plans include developing a line of products selected by Fozzy Group brand chef Marco Cervetti, launching a new beauty brand called Rimmi, and developing the alcohol category.

Silpo-Food LLC, which develops the Silpo chain, was established in early August 2016. According to YouControl, the founder of the LLC is PJSC “Closed Non-Diversified Venture Corporate Investment Fund ”Retail Capital” (100%, Kyiv), and the ultimate beneficiary is Volodymyr Kostelman. As of early December, the chain had 306 stores in 62 cities of Ukraine and four Le Silpo delicatessen markets in Kyiv, Dnipro, Kharkiv, and Odesa.

As reported, Silpo Food’s revenue for 2024 increased by 9.8% compared to the previous year, to UAH 93 billion. At the end of Q3 2025, the company received UAH 956.6 million in profits, while in the same period of 2024, the company received UAH 767 million in losses.

It is part of the Fozzy Group, which has more than 826 retail outlets throughout the country. The company develops retail chains of various formats: Silpo supermarkets, Fozzy wholesale hypermarkets, Fora neighborhood stores, Thrash! discount stores, Bila Romashka pharmaceutical supermarkets, and E-ZOO pet stores.

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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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Imports to Ukraine grew by 20% to $84.8 bln in 2025

Imports of goods to Ukraine in January-December 2025 amounted to $84.8 billion in monetary terms, while in the previous year this figure was 20% lower at $70.7 billion, according to data from the press service of the State Customs Service of Ukraine (SCS).

According to the publication, exports of goods, on the contrary, decreased from $41.6 billion in 2024 to $40.3 billion in 2025.

“Taxable imports amounted to $64.3 billion, which is 76% of the total volume of imported goods. The tax burden per 1 kg of taxed imports in January-December 2025 amounted to $0.52/kg,” the SCS noted in its report on trade turnover in 2025.

During 2025, the top three countries from which Ukraine imported the most goods remained almost unchanged: China – $19.2 billion, Poland – $7.9 billion, and Germany – $6.6 billion.

During the year, Ukraine exported the most to Poland – $5 billion, Turkey – $2.7 billion, and Germany – $2.4 billion.

In terms of the total volume of goods imported in 2025, the largest share was accounted for by machinery, equipment and transport – $34.1 billion (with customs clearance, UAH 207.8 billion was paid to the budget, or 29% of customs revenue), chemical industry products – $12.5 billion (97.8 billion hryvnia paid to the budget, accounting for 14% of customs revenue), fuel and energy – $10.5 billion (214.8 billion hryvnia paid, or 30% of customs revenue).

As in the previous year, the top three most exported goods from Ukraine were food products – $22.5 billion, metals and metal products – $4.7 billion, and machinery, equipment and transport – $3.6 billion.

The State Customs Service added that in January-December 2025, during customs clearance of exports of goods subject to export duties, UAH 1.53 billion was paid to the budget, which is significantly more than in 2024, when UAH 311.3 million was received by the budget.

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