Business news from Ukraine

Business news from Ukraine

Ukraine’s industrial production grew by 2.9% in June 2025 y/y – State Statistics Service

Industrial production in Ukraine grew by 2.9% in June 2025 compared to June 2024, after falling by 1.6% in May, in April and March by 6.4%, in February and January by 8.8% and 4.8%, respectively, according to the State Statistics Service (SSS).

Derzhstat specifies that the volume of industrial products sold in the first half of 2025 amounted to UAH 1,974.5 billion, of which UAH 346.7 billion was sold outside Ukraine.

Overall, industrial production in Ukraine fell by 3.9% in the first six months of this year compared to the same period last year, with the extractive industry and quarrying down 12.6%, in the supply of electricity, gas, steam, and conditioned air by 1.6%, and in the manufacturing industry by 0.6%. At the end of the first five months of 2025, a decline of 5.1% was recorded.

The growth in industrial production in June 2025 compared to June 2024 was due to the supply of electricity, gas, steam, and conditioned air (7.2%), manufacturing (5.7%), particularly in the production of computers, electronic, and optical products (62.4%), pharmaceuticals – by 36.6%, rubber and plastic products – by 13%, furniture – by 12.1%, textiles – by 9%, metallurgy and metal products – by 7.5%, in woodworking – by 4.7%, in machine building – by 2.9%, in the production of food products, beverages, and tobacco products – by 2.1%.

At the same time, the extractive industry and quarrying saw a decline of 5.6%, coal and lignite mining – by 19.4%, metal ores – by 16.1%, crude oil and natural gas – by 0.4%, However, a 6% increase in production was recorded in the extraction of other minerals and quarrying, and in the extraction of sand, stone, and clay – by 4.4%.

A decline in industrial production was also recorded in the production of coke (11.8%), electrical equipment (5.3%), and motor vehicles (2.9%).

The statistics office reported that industrial production in June 2025 decreased by 1.8% compared to the previous month.
As reported, industrial production in Ukraine in 2024 increased by 4.6% according to revised data.

Industrial production in Ukraine increased by 3.6% in 2024

Industrial production in Ukraine increased by 3.6% in 2024, while in 2023, according to revised data, the growth was 6.8% after a 36.7% drop in 2022, the State Statistics Service (Ukrstat) reported on Wednesday.

At the same time, according to the State Statistics Service, industrial production in Ukraine decreased by 3.3% in December 2024 compared to December 2023, and by 0.4% in November.

The State Statistics Service reminds that last year, from January to May, industrial production grew: after a jump of 17.2% in January, the recovery slowed to 3.6% in May, in the summer, a decline was recorded from 0.3% in June to 1.5% in July and 4.3% in August, after which it was followed by a slight increase of 1.3% and 0.9% in September and October, respectively.

According to the statistics agency, in 2024, industrial production in mining and quarrying increased by 3.3%, in manufacturing by 5.3%, while the supply of electricity, gas and steam decreased by 2.7% due to a 6.3% drop in electricity production, although gas production increased by 5%.

It is noted that the production of metal ores grew the most – by 23.0%, other minerals and quarrying – by 16.3%, while oil and gas – by only 0.7%, and coal – decreased by 11.7%.

In manufacturing, the largest growth was recorded in metallurgy and production of metal products – 22.5%, clothing production – 19.6%, and furniture – 7.3%. The production of food, beverages and tobacco products increased by 6.2%, textiles by 4.7%, rubber and plastics by 3.4%, pharmaceuticals by 1.9%, and paper and paper products by 1.4%.

At the same time, machine building in 2024 fell by 1.2%, woodworking by 8.8%, chemical production by 9.9%, automotive by 17%, and production of computers, electronic and optical products by 19%.

In nominal terms, in 2024, Ukraine sold industrial products (goods and services) worth UAH 3.657 trillion, which is 11.8% more than in 2023, including UAH 680.3 billion worth of exports (an increase of 24.4%).

In total sales of industrial products in 2024, the manufacturing industry accounted for the largest share (59.9% vs. 56% in 2023), supply of electricity, gas, steam and air conditioning (27.2% vs. 31.2% in 2023), mining and quarrying (remained at 11.7%), and water supply, sewerage and waste accounted for another 1.2% (1.1%).

Industrial production in Ukraine grew by 5.9% in 2023

Industrial production in Ukraine grew by 5.9% in 2023, while in 2022, according to updated data, the decline was 36.7%, the State Statistics Service (Ukrstat) reported.

According to the State Statistics Service, industrial production in Ukraine increased by 22.6% in December 2023 compared to December 2022, with growth of 19.3% in November and 16% in October.

The State Statistics Service reminds that last year, starting in March, industrial production grew: after a 51.2% jump in March, the recovery slowed to 18.2% in April, 17.9% in May, 13.7% in June, 13.8% in July, 15.5% in August, and 11.7% in September.

The statistics agency clarifies that the data exclude the temporarily occupied territories of the Russian Federation and some of the territories where military operations are ongoing.

Overall, production in the manufacturing industry increased by 12.3% last year.

The production of computers, electronic and optical products grew by 58.8%, rubber and plastic products by 20.7%, machine building by 16.7%, furniture by 16.6%, chemical industry by 15.5%, food industry by 15%, metallurgy by 8%, and woodworking by 3.5%.

The largest decline in the manufacturing industry was shown by the production of coke and refined products – 31.4%.

The statistics agency recorded a 2.3% decline in the supply of electricity, gas and steam in 2023, and a 2.2% decline in the mining industry.

Metal ore production fell the most – by 10.2%, coal – by 3.3%, while oil and gas production remained at the level of 2022.

In nominal terms, in 2023, Ukraine sold industrial products (goods and services) worth UAH 3271.43 billion, which is 16.4% more than in 2022 (UAH 2811.57 billion), including UAH 547.02 billion worth of exports.

The turnover of the extractive and processing industry in December 2023 increased by 26.3% compared to December 2022.

In the total sales of industrial products in 2023, the manufacturing industry accounted for the largest share (56%), electricity, gas, steam and air conditioning (31.2%), mining and quarrying (11.7%), and water supply, sewerage and waste (1.1%).

Industrial production in Ukraine decreased by 2.9% in first half of 2023

Industrial production in Ukraine in the first half of 2023 decreased by 2.9%, while last year during this period the decline amounted to 31.9%, the State Statistics Service (Gosstat) has reported.

The agency specified that since March this year has been recorded growth in industrial production: after a jump of 51.2% in March, the recovery slowed to 18.2% in April, 17.9% in May and 13.7% in June.

At the same time, a 40% and 34.4% drop to pre-war January and February 2022, respectively, caused a generally negative result for the half-year.

State Statistics Service specifies that the data are given without taking into account the temporarily occupied territory of Crimea and Sevastopol, as well as part of the temporarily occupied territories in Donetsk and Luhansk regions.

By sector, the statistical office recorded the largest decline – 11.4% – in the supply of electricity, gas and steam in January-June this year, while in the extractive industry it amounted to 9.2%.

Metal ore mining fell the most – by 28.7%, while oil and gas – by only 2.7%, and in coal mining even recorded a slight increase of 0.8%.

In general, the production in the processing industry increased by 3.1% in the first half of the year.

This indicator was provided by the production of motor vehicles – 29.9%, machine building – 12.9%, food industry — 12.1%, production of furniture, repair and installation of machinery – 11.6%, production of rubber and plastic products – 6.5% and woodworking industry – 4%.

The biggest decline in the processing industry was shown by the production of coke and refined petroleum products – 51.4% and metallurgy – 20.9%.

In nominal terms, Ukraine in January-June 2023 realized industrial products (goods, services) worth 1549.66 billion UAH, which is 6.5% more than in January-June 2022 (1455.125 billion UAH), including outside the country – in the amount of 282.363 billion UAH.

According to its data, in June-2023 compared to June-2022, the turnover of realized mining and processing industry increased by 35%.

In the total sales of industrial products for the first six months of 2023, the largest specific weight came from the processing industry (56.2%), supply of electricity, gas, steam and conditioned air (31.3%), mining and quarrying (11.4%), and another 1.1% was water supply, sewerage and waste.

As reported, industrial production in Ukraine in 2022 fell by 36.9%, while in 2021 there was an increase of 1.9%.
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Industrial production in Ukraine decreased by 2.9%

Industrial production in Ukraine decreased by 2.9% in the first half of 2023, while last year the decline was 31.9%, the State Statistics Service (Ukrstat) reported.

The agency clarified that since March this year, industrial production has been growing: after a 51.2% jump in March, the recovery slowed to 18.2% in April, 17.9% in May, and 13.7% in June.

At the same time, the drop to pre-war January and February 2022 by 40% and 34.4%, respectively, led to a negative result for the first half of the year.

The State Statistics Service clarifies that the data excludes the temporarily occupied territories of Crimea and Sevastopol, as well as part of the temporarily occupied territories in Donetsk and Luhansk regions.

In terms of sectors, the statistical agency recorded the largest decline in January-June this year – 11.4% – in the supply of electricity, gas and steam, while in the mining industry it was 9.2%.

Metal ore production dropped the most – by 28.7%, while oil and gas production fell by only 2.7%, and coal production even recorded a slight increase of 0.8%.

Overall, production in the manufacturing industry also increased by 3.1% in the first half of the year.

This figure was driven by the production of motor vehicles (29.9%), machine building (12.9%), food processing (12.1%), furniture production, repair and installation of machinery (11.6%), production of rubber and plastic products (6.5%), and woodworking (4%).

The largest declines in the manufacturing industry were demonstrated by the production of coke and petroleum products (51.4%) and metallurgy (20.9%).

In nominal terms, in January-June 2023, Ukraine sold industrial products (goods and services) worth UAH 1549.66 billion, which is 6.5% more than in January-June 2022 (UAH 1455.125 billion), including UAH 282.363 billion abroad.

According to the report, the turnover of the mining and processing industry increased by 35% in June 2023 compared to June 2022.

In the total sales of industrial products for the six months of 2023, the manufacturing industry accounted for the largest share (56.2%), electricity, gas, steam and air conditioning (31.3%), mining and quarrying (11.4%), and water supply, sewerage and waste (1.1%).

As reported, industrial production in Ukraine fell by 36.9% in 2022, while in 2021, an increase of 1.9% was recorded.

Industrial production in Germany fell by 1.5% in June

The volume of industrial production in Germany in June decreased by 1.5% compared to the previous month, reported the Federal Statistical Office of the country (Destatis).

Experts surveyed by Trading Economics expected a decline of 0.5%.

In May, industrial production in Germany decreased by 0.1%.

The production of capital goods in June fell by 3.9%, consumer goods – increased by 1.8%, intermediate goods – increased by 0.4%.

Construction output fell 2.8% and electricity generation rose 0.6%.

German industrial production in June was 1.7% below the same month in 2022.

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