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
In January-February of this year, Ukraine reduced imports of coke and semi-coke in physical terms by 21% compared to the same period last year, to 123,104 tons.
According to statistics released by the State Customs Service (SCS) on Tuesday, 54,408 tons of coke were imported in February.
Coke imports in monetary terms fell by 14.1% in January-February 2026, to $42.747 million. Coke was imported from Poland (98.37% of supplies in monetary terms), the Czech Republic (1.15%), and Colombia (0.44%).
The country did not export coke in the first two months of the year.
As reported, in 2025, Ukraine increased its imports of coke and semi-coke in physical terms by 5.9% compared to the previous year, to 700,650 thousand tons, and increased its revenue by 1.4%, to $238.656 million. Coke was mainly imported from Poland (93.37% of supplies in monetary terms), Indonesia (4.01%), and the Czech Republic (2.59%).
In 2025, Ukraine exported 3 tons of coke worth $2,000 to Albania.
In addition, it was reported that Metinvest suspended the operation of the Pokrovsk Coal Group in January 2025 due to changes in the situation on the front line, electricity shortages, and the deterioration of the security situation.
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.
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.
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/
In July 2025-February 2026, Ukraine retained its position as the leading supplier of sunflower oil to the European Union and provided almost 92% of the total imports of this product by the bloc’s countries, according to the specialized publication OFI Magazine, citing data from the European Commission.
According to a report by the German Union for the Promotion of Plants and Proteins (UFOP), in the first seven months of the 2025-2026 marketing year (MY, July-June), the EU-27 countries imported a total of just under 1.04 million tons of sunflower oil. Despite its leadership, the total import figure decreased compared to the same period last year, when it amounted to 1.28 million tons.
According to UFOP estimates, the annual sunflower harvest in Ukraine decreased from 13 million tons in 2024 to 10.5 million tons in 2025, as the decline in harvest led to a reduction in processing volumes and limited sunflower oil exports.
Researchers at Agrarmarkt Informations-Gesellschaft also noted significant pressure from Russian attacks on infrastructure and port facilities, which complicated oil logistics.
Market observers, in turn, noted the stabilization of sunflower oil export flows despite security risks.
Moldova (5% of the market) and Serbia (less than 2%) ranked second and third among suppliers. Moldova showed an increase in supplies, while Serbia lagged significantly behind the previous year’s level.
