Business news from Ukraine

Business news from Ukraine

Ukraine increased tractor imports by 1.2% over five months

Tractor imports to Ukraine in January–May 2026 totaled $360 million, which is slightly (by 1.2%) higher than the figure for the same period in 2025 ($355.9 million), according to statistics from the State Customs Service.

According to the published data, tractor imports in May rose by nearly 9% compared to May of last year but fell by 21.6% compared to April of this year, to $65.5 million.

In January–May 2026, tractors were imported mainly from Germany (19.8% or $71.4 million), the United States (nearly 19.1% or $71.3 million), and China (18.6% or $66.6 million), whereas last year the United States was the leader ($70.1 million), followed by Germany ($61.4 million), and China in third place ($61.3 million).

According to statistics from the State Customs Service, in January–May 2026, tractors worth $3.94 million were exported, mostly to Belgium (26.16%), while last year exports totaled $2.5 million, with the majority of shipments going to Romania (43.7%).

As reported, tractor imports to Ukraine in 2025 totaled $845.7 million, exceeding the 2024 figure by 7.9%; the main suppliers were the United States ($179.7 million), Germany ($145 million), and China ($142.8 million).

Exports totaled $6.6 million, compared to $5.4 million in 2024, with the majority going to Romania, Belgium, and Germany.

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Ukraine reduced imports of electric generators by 33.3% over five months

Imports of electric generator sets and rotating electrical converters to Ukraine in January–May 2026 fell by 33.3% compared to the same period in 2025—to $421.7 million, according to statistics from the State Customs Service.

According to the data, imports of this equipment in May 2026 fell by 46% compared to May 2025, but increased slightly compared to April 2026, reaching $62.4 million.

Most frequently in January–May, electric generators and converters were imported from the Czech Republic (19.9% of total imports of these products, or $83.9 million), China (19.7%, $82.9 million), and Turkey (16.5%, $69.5 million), whereas last year the top sources were the Czech Republic ($120 million), Austria ($88.6 million), and the United States ($78.83 million).

Exports of electric generators from Ukraine during this period were insignificant—$2.3 million, mainly to Latvia.
At the same time, according to data from the State Customs Service, imports of electric motors and generators increased more than 2.4-fold over the first five months of this year—to $486.6 million; specifically, $120.1 million worth were imported in May—2.4 times more than in May 2025.

As in the previous year, China remains the main supplier of this equipment (accounting for 93% of imports from January to May).
In addition, imports of electric batteries and separators to Ukraine during this period increased 3.8-fold—to $1.47 billion, with the majority coming from China ($1.31 billion, or 89.3%), as well as from the Czech Republic ($35.3 million) and Latvia ($17.4 million).

Last year, in January–May, the largest suppliers were China with a 75.9% share ($290.6 million), Taiwan with 5.8% ($22 million), and Vietnam with 4.3% ($16.5 million).
In May, imports of this equipment increased 3.5-fold compared to May 2025 and by 9.7% compared to April 2026, reaching $333 million.

Over the first five months, Ukraine exported $18.1 million worth of batteries, primarily to Poland, France, and Germany, while last year exports totaled $20.7 million, mostly to the same countries.
As reported, at the end of July 2024, Ukraine exempted the import of electric generator equipment and batteries into the country from customs duties and VAT.

According to the State Customs Service, in 2025 Ukraine increased imports of electric generators and converters by 2.3 times compared to 2024—to $1.69 billion—and batteries by 55% to $1.48 billion. At the same time, in January 2025, imports of electric generators increased eightfold compared to January 2024, and imports of batteries tripled.

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Ukraine reduced passenger car imports by 16.6% over five months

The volume of passenger car imports into Ukraine, including cargo-passenger vans and racing cars (HS code 8703), amounted to $1.71 billion in January–May 2026, which is 16.6% less than the figure for the same period in 2025 ($2.05 billion).

According to statistics released by the State Customs Service of Ukraine, specifically in May, passenger car imports fell by 23.6% compared to May of last year, while compared to April 2026, they rose by 11.2% to $400.4 million.

The top three suppliers of passenger cars to Ukraine over the five-month period were the United States, Germany, and Japan, while in the previous year these were the same countries, but Germany was the largest exporter, followed by the United States and Japan. Specifically, car imports from the U.S. fell by 5.6% to $317.4 million, from Germany by nearly 30% to $272.6 million, while from Japan they rose by 7.3% to $246.9 million.

Imports of passenger cars from other countries during this period totaled $874.6 million—20.3% less than last year’s figure.

At the same time, over five months, Ukraine exported such vehicles worth only $0.99 million, whereas last year, total shipments to the UAE, the Czech Republic, and Slovakia amounted to $2.69 million.

As reported, in 2025, passenger cars worth nearly $6.15 billion were imported into Ukraine, which is 40.2% more than in 2024. The top three exporters were the United States, Germany, and China. Cars worth $10.1 million were exported (2.7 times less).

The significant increase in passenger car imports to Ukraine in the final months of 2025 was driven by news that VAT exemptions on electric vehicle imports would be abolished as of January 1, 2026, while imports had declined significantly since the start of the current year. However, starting in March, a slow but gradual recovery of the passenger car market began, including the market for electric vehicles.

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Ukraine Increased Ferrous Metal Imports by 6.3% Over 5 Months

In January–May 2026, Ukraine increased its imports of ferrous metals by 6.3% compared to the same period last year, reaching $704.807 million.

According to statistics from the State Customs Service, $194.364 million worth of ferrous metals were imported into Ukraine in May of this year.

The growth in imports against the backdrop of declining export revenues reflects the continued demand in the domestic market for metal products and raw materials, as well as a shift in the structure of foreign trade in metallurgical products.

As reported, by the end of 2025, Ukraine increased its imports of ferrous metals by 12.9%—to $1.669544 billion. In 2024, imports of similar products rose by 13.1%—to $1.478814 billion.

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Ukraine Increased Imports of Metal Products in January–May

In January–May 2026, Ukraine increased its imports of metal products by 12.3% compared to the same period last year, reaching $464.694 million.
According to statistics from the State Customs Service, $109.894 million worth of metal products were imported into the country in May of this year.
Thus, for the January-May period, imports of metal products exceeded exports of these products: $464.694 million versus $351.285 million.
As reported, in 2025 Ukraine increased imports of metal products by 24.4% compared to the previous year—to $1.290608 billion.

 

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Imports of electric generators to Ukraine fell by 30.4%

Imports of electric generator sets and rotating electrical converters into Ukraine in January–April 2026 fell by 30.4% compared to the same period in 2025—to $359.1 million, according to statistics from the State Customs Service.

According to the data, imports of this equipment in April fell by 27.4% compared to April 2025 and by 23.3% compared to March 2026, reaching $60.3 million.

Most frequently in January–April, electric generators and converters were imported from the Czech Republic (19.6% of total exports of these products, or $70.3 million), China (18.7%, $67.2 million), and Romania (8%, $64.8 million), whereas last year they were the Czech Republic ($93.7 million), Austria ($80.3 million), and the United States ($77.3 million).

Exports of electric generators from Ukraine during this period were insignificant—$0.8 million, mainly to Turkey.

At the same time, according to data from the State Customs Service, imports of electric batteries and separators to Ukraine increased nearly fourfold over the first four months of this year—to $1.137 billion, with the majority coming from China ($1 billion, or 89.3%), as well as from the Czech Republic ($26.6 million) and Poland ($13.3 million).

Last year during this period, the largest suppliers were China with a 78.4% share ($226 million), Taiwan with 5.3% ($12.3 million), and Bulgaria with 4.1% ($12 million).

In April, imports of this equipment increased 4.3-fold compared to April 2025 and by 7.6% compared to March 2026, reaching $303.5 million.

Over the first four months, Ukraine exported $14.8 million worth of batteries, mainly to Poland ($4.2 million), France ($2.4 million), and Germany ($2.2 million), whereas last year exports totaled $17.1 million, of which 27.9% went to Poland, 15.9% to France, and 11.3% to Germany.

As reported, at the end of July 2024, Ukraine exempted imports of electric generator equipment and batteries into Ukraine from customs duties and VAT.

According to the State Customs Service, in 2025 Ukraine increased imports of electric generators and converters by 2.3 times compared to 2024—to $1.69 billion—and batteries by 55% to $1.48 billion. At the same time, in January 2025, imports of electric generators increased eightfold compared to January 2024, and imports of batteries tripled.

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