Business news from Ukraine

Business news from Ukraine

Nickel imports to Ukraine increased 2.3 times at beginning of year

In January-February 2026, Ukraine increased imports of nickel and nickel products 2.3 times compared to the same period last year, to $4.518 million (in February – $2.052 million).

Exports of nickel and nickel products amounted to $51,000 (in February – $47,000), while in January-February 2025 they amounted to $33,000.

In addition, in 2025 Ukraine reduced imports of nickel and nickel products by 2.7% compared to 2024 – to $26.011 million.

Exports of nickel and nickel products amounted to $1.420 million, compared to $602 thousand in 2024.

Nickel is used in the production of stainless steel and for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy, and in chemical reagents.

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Ukraine reduced zinc imports by 29% in early 2026

In January-February 2026, Ukraine reduced imports of zinc and zinc products by 29% to $4.269 million (in February – $2.282 million).

Zinc exports for the two months reached $81,000 (in February – $1,000), while in January-February 2025 they were $178,000.

In 2025, imports of zinc and zinc products fell by 9.6% to $52.982 million.

Zinc exports last year reached $1.234 million, while in 2024 they amounted to $563 thousand.

Pure zinc metal is used to recover precious metals, protect steel from corrosion, and for other purposes.

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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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In January-February, Ukraine imported 123,000 tons of coke, mainly from Poland

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.

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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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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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