Business news from Ukraine

Business news from Ukraine

Imports of tractors to Ukraine decreased by 2.8% to $208 mln

Imports of tractors to Ukraine in January-March 2024 amounted to $207.89 million, which is 2.8% less than in the same period last year, according to statistics from the State Customs Service.

According to the published statistics, tractors were mainly imported from the United States (24.6% of total imports of this equipment, or $51.14 million), China (16.8% or almost $35 million), and Germany (16.2% or $33.8 million), while a year earlier it was Germany ($35.4 million), Poland ($28.3 million), and the Netherlands ($26.3 million).

At the same time, in March of this year, imports of tractors increased by 13.3% compared to March-2024 and by almost 51% compared to February-2025 – up to $98.62 million.

According to statistics, in the first quarter of this year, only $1.28 million worth of tractors were exported, mostly to Romania, Zambia, and the Czech Republic.

As reported, imports of tractors to Ukraine in 2024 amounted to almost $784 million, down 5.6% from a year earlier, while exports amounted to $5.44 million against $5.74 million.

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Imports of transformers increased by 2.8 times

In January-March 2025, imports of transformers, inductors and chokes to Ukraine increased by more than 2.8 times compared to the same period in 2024, to $282.8 million, according to statistics from the State Customs Service (SCS).

According to the published data, during this period, products were imported mainly from China – for $252 million (89% of total imports of these goods), while a year earlier, transformers and chokes were imported from this country for $48.6 million (48.8%).

In addition, transformers were imported from Turkey (for $10.5 million) and Germany (for $2.8 million).

At the same time, in March, imports of this equipment increased by 61.5% compared to the same period last year, but decreased by 15% compared to February this year, to $71.06 million.

At the same time, Ukraine exported transformers, inductors, and chokes for $5.7 million over the three months of this year, compared to $4.5 million last year, mainly to Germany, Hungary, and Poland.

As reported earlier, according to the State Customs Service, imports of transformers, inductors and chokes to Ukraine in 2024 more than doubled compared to 2023 to $596.11 million, while China imported 2.5 times more – $400.48 million.

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Imports of trucks in first quarter decreased by 1.3% to $215 mln

Imports of trucks to Ukraine in January-March 2025 decreased by 1.3% in monetary terms compared to the same period in 2024, to $215.15 million, according to statistics from the State Customs Service.

According to the published data of the State Customs Service, in particular, in March, imports of these vehicles decreased by almost 13% compared to March 2024 – to $69.62 million.
As reported, in January of this year, truck imports decreased by 6% compared to January-2024, and in February, an increase of 21% was recorded compared to February last year.

Most trucks were imported in the first quarter from the United States – $50.06 million (23.3% of imports), Poland – $47.25 million (22.15%) and France – $35.27 million (16.4%).
A year ago, the top three truck-supplying countries were Poland (23.2% of total truck imports or $50.6 million), China (10.7% or $23.4 million) and France (10.3% or $22.4 million).

Imports from all other countries decreased by 32.4% to $82.2 million in January-March.
At the same time, according to statistics, Ukraine exported only $2.5 million worth of trucks in three months, mostly to Romania (59.4% of truck exports), Turkey (38%), and Moldova (2%), while a year earlier there were insignificant exports ($0.5 million).

As reported, in 2024, imports of trucks to Ukraine in monetary terms increased by 30% compared to 2023 – up to $947.84 million, most of them were imported from Poland (almost 20%).

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Imports of generators to Ukraine increased 7.7 times in first quarter of 2025

According to the State Customs Service, in January-March 2025, Ukraine sharply increased imports of electric generating sets and rotating converters (UKTZED 8502) to $432.9 million, up 7.7 times compared to the same period in 2024.

In March, imports amounted to $88.2 million: this is 6.3 times higher than in March 2024, but 47% less than in February 2025.

Main suppliers:
– Czech Republic – $85.7 million (19.8%)
– USA – $77.3 million (17.85%)
– Austria – $58.7 million (15.87%)

For comparison, in 2024, imports of generators increased by 3.7% to $732.5 million. As a reminder, since July 2024, Ukraine has exempted the import of generators from VAT and customs duties.

The main manufacturers and brands of generators whose products are actively represented in Ukrainian imports are:
– Honda Power (Japan)
– Kohler (USA)
– SDMO (France)
– Geko (Germany)
– Endress (Germany)
– FG Wilson (UK)
– Tedom (Czech Republic)

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Imports of passenger cars to Ukraine reached $1.13 bln – at level of last year’s figure

In January-March 2025, the volume of imports of passenger cars to Ukraine, including cargo and passenger vans and racing cars (UKT FEA code 8703), exceeded $1.131 billion in monetary terms, which is almost equal to the figure for the first quarter of last year ($1.134 billion).

According to statistics released by the State Customs Service (SCS) of Ukraine, in March this year, passenger cars worth $411.23 million were imported to Ukraine, which is 16.6% more than in March 2024, while in January there was a 17.8% drop compared to January 2024, and in February the increase was 3% compared to February last year.

The three largest suppliers of cars to Ukraine in January-March this year were Germany, the United States and Japan, while last year it was the United States, Germany and China.

In particular, car deliveries from Germany increased by 35.7% to $228.94 million, and their share in the structure of car imports amounted to 20.24% compared to 14.88% a year earlier.

Ukraine imported $181.39 million worth of cars from the United States (down 14%). Japan, which last year was not among the top three countries with the largest car imports, supplied $108.35 million worth of cars over three months this year.

Notably, the top three did not include China, whose imports of passenger cars to Ukraine amounted to $138.18 million a year ago.

From other countries, all imports of passenger cars in the period amounted to $612.58 million, compared to $615.58 million in the first quarter of last year.

At the same time, in the first quarter of this year, Ukraine exported only $2.51 million worth of such vehicles, in particular to the UAE (51.6% of exports), the Czech Republic and Slovakia, while a year ago in the same period the country supplied $5.5 million worth of them to foreign markets, mainly to Canada, the UAE and the United States.

According to the State Customs Service, in the total structure of imports of goods to Ukraine in January-March, the share of passenger cars was 6.13%, in the structure of exports – 0.03%.

As reported, in 2024, Ukraine imported passenger cars worth $4.385 billion, 8% more than a year earlier, and exported $10.1 million (2.7 times less).

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Imports of batteries to Ukraine increased 2.5 times in first quarter of 2025

In the first quarter of 2025, Ukraine increased imports of batteries and separators to $217.82 million, which is 2.5 times more than in the same period in 2024. This is evidenced by the State Customs Service data.

In March, imports amounted to $63.6 million, which is more than double the figure for March-2024 and 7% more than in February-2025.

The main suppliers:
– China – 79.2%.
– Bulgaria – 5.3%.
– Taiwan – 3.8%.

Exports of batteries from Ukraine in the first quarter – $11 million, key destinations: Poland (33.7%), France (19%), Germany (13.9%).

In 2024, imports of batteries to Ukraine amounted to $950.6 million, more than doubling compared to 2023.

The main battery manufacturers and brands whose products are actively represented in Ukrainian imports are:
– CATL, BYD, Gotion (China)
– Varta (Germany)
– Fiamm (Italy)
– Bosch (Germany)
– Yuasa (Japan)

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