Business news from Ukraine

Business news from Ukraine

Transformer imports to Ukraine increased 2.6 times — China dominates

Imports of transformers, inductors, and chokes to Ukraine in January-June 2025 increased 2.6 times compared to the same period in 2024, reaching $494.2 million, according to statistics from the State Customs Service.

According to the published data, China remains the largest supplier of these products to Ukraine — during this period, $407.5 million worth of these products were imported (82.5% of all imports of these goods), while a year earlier, $103.9 million worth of transformers and chokes were imported from this country (53.7%).

In addition, transformers were imported from Germany ($28.8 million) and Turkey ($15.3 million), while in January-June 2024, imports from Turkey amounted to $38.4 million, and from the Czech Republic – $7.2 million. In particular, in June, imports of this equipment increased 3.6 times compared to the same month last year, and almost doubled compared to May this year, to $103.4 million.

At the same time, Ukraine exported transformers, inductors, and chokes worth $13.7 million in the first half of this year, compared to $8.6 million last year, mainly to Germany, Hungary, and Poland.

According to the State Customs Service, imports of transformers, inductors, and chokes to Ukraine in 2024 more than doubled compared to 2023, reaching $596.11 million. with imports from China increasing 2.5 times to $400.48 million.

 

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EU reduced imports of Ukrainian rapeseed – volume fell to 2.8 mln tons

Ukraine exported 3.14 mln tonnes of rapeseed in the season-2024/25 (July 2024 – June 2025, marketing year, MY), down 15% compared to the previous marketing year and the lowest for the last three seasons, APK-Inform news agency reported.

The main reason for the decline, analysts said, was the decline in the oilseed harvest in Ukraine for several years in a row.

The experts pointed out that almost 89% of the total exports of rapeseed were to the European Union (91% in 2023/24 MY), or 2.78 mln tonnes, down 17% compared to 2024/25 MY. In terms of countries, the top three importers of Ukrainian rapeseed were Germany with the volume of over 1 mln tonnes (-18%), Belgium – 899 thsd tonnes (up 2.4 times), and the UK – 334 thsd tonnes (up 2.5 times).

“In the new season-2025/26, the downward trend of rapeseed exports is likely to continue, due to the expected minimum harvest of the crop in the last 4 years, as well as the possible introduction of the export duty for the oilseed, which is currently actively lobbied,” – the analysts said.

APK-Inform forecasts that in 2025/26 MY the exports of rapeseed from Ukraine will decrease by another 15%, to 2.7 mln tonnes.

 

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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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Nickel imports to Ukraine fell by 28% since beginning of year

In January-May 2025, Ukrainian companies reduced imports of nickel and nickel products by 28% year-on-year to $7.976 million. In May, nickel products worth $3.071 million were imported.

At the same time, Ukraine’s nickel exports amounted to $443 thousand, which is almost twice as much as in the first five months of 2024 ($242 thousand). In May, exports amounted to $69 thousand.

For comparison: in 2024, imports of nickel products to Ukraine increased by 73.7% to $26.730 million, while in 2023 they amounted to only $15.391 million. Exports in 2024 amounted to $602 thousand, and in 2023 – $532 thousand.

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Ukraine has increased purchases of coke from Poland and Indonesia

In January-May this year, Ukraine increased imports of coke and semi-coke in physical terms by 20.6% compared to the same period last year, up to 256.628 thousand tons from 212.768 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, coke imports in monetary terms increased by 7.4% to $82.920 million during this period. It was imported mainly from Poland (88.31% of supplies in monetary terms), Indonesia (9.84%) and the Czech Republic (1.83%).

In the same period, Ukraine exported 3 tons of coke to Albania for $2 thousand.

As reported, Metinvest suspended operations of Pokrovske Coal Group in January this year due to changes in the situation on the frontline, electricity shortages and the deteriorating security situation.

Last year, Ukraine increased imports of coke and semi-coke in physical terms by 2.01 times compared to 2023, to 661.487 thousand tons, mainly from Poland (84.76% of supplies in monetary terms), Colombia (7.74%) and Hungary (2.69%). In monetary terms, imports increased by 81.9% to $235.475 million.

In 2024, the country exported 1,601 thousand tons of 84.76% coke worth $368 thousand to Moldova (99.18%) and Latvia (0.82%), while in January, March, October and November 2024, there were no exports, while in 2023, exports amounted to 3,383 thousand tons worth $787 thousand.

 

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Bauxite imports to Ukraine increased fourfold in first five months of 2025

In January-May of this year, Ukraine increased imports of aluminum ore and concentrate (bauxite) in physical terms by 3.88 times compared to the same period last year, to 13,564 thousand tons from 3,501 tons.

According to statistics released by the State Customs Service (SCS) on Friday, during this period, imports of bauxite in monetary terms increased 2.8 times, to $1.532 million from $550 thousand.

At the same time, imports came mainly from Turkey (79.23% of supplies in monetary terms) and China (20.77%).

Ukraine did not re-export bauxite in 2025, as in 2024 and 2023.

As reported, in 2024, Ukraine increased its imports of bauxite in physical terms by 77.4% compared to 2023, to 35,173 tons, and in monetary terms by 74%, to $4.107 million. Imports came mainly from Turkey (78.48% of supplies in monetary terms), China (19.48%), and Spain (1.9%).

In 2023, Ukraine imported 19,830 tons of bauxite worth $2.360 million.

In 2022, Ukraine reduced imports of aluminum ores and concentrates (bauxite) in physical terms by 81.5% compared to the previous year, to 945,396 tons. Imports of bauxite in monetary terms decreased by 79.6% to $48.166 million. Imports came mainly from Guinea (58.90% of supplies in monetary terms), Brazil (27.19%), and Ghana (7.48%).

Bauxite is an aluminum ore used as a raw material for the production of alumina, which is then used to produce aluminum. It is also used as a flux in ferrous metallurgy.

Bauxite is imported into Ukraine by the Mykolaiv Alumina Plant (MAP).

 

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