Business news from Ukraine

Business news from Ukraine

Raw milk production in Ukraine fell by 10% in first quarter

Raw milk production in Ukraine in January–March 2026 fell by 10% compared to the same period in 2025—to 1.31 million tons, the Association of Milk Producers (AMP) reported, citing data from the State Statistics Service.

The industry association noted that in March 2026, farms of all categories produced 496,200 tons of milk, which is 10.7% less than in March 2025. At the same time, the industrial sector showed growth: enterprises produced 285,800 tons of raw milk (+4.9%), while private farms saw a 25.8% drop in production to 210,400 tons.

“Milk producers are under pressure from lower purchase prices and rising production costs. The spike in oil prices due to the conflict in the Middle East has led to higher logistics costs. Natural gas prices have also risen, triggering higher prices for nitrogen fertilizers. In particular, urea prices rose by nearly 50% year-over-year due to Iran’s blockade of shipping through the Strait of Hormuz,” the UAM reported.

The association’s analysts emphasized that labor shortages, security risks, energy supply issues, and limited access to credit remained among the key obstacles for businesses in March. The situation is particularly critical in the Kharkiv region, where farmers are forced to evacuate their farms or abandon planting due to constant shelling and the mining of fields.

The UAA emphasized that an additional challenge is adapting to the new requirements of the EU’s Common Agricultural Policy for 2028–2034. The European approach involves moving away from payments per hectare or head of livestock in favor of meeting environmental KPIs (soil protection, biodiversity).

“The new architecture of the EU’s agricultural policy requires Ukrainian producers to incur significant modernization costs. Amid martial law and milk prices below cost, farmers urgently need state support. Currently, 10–15% of small and medium-sized dairy farms are at risk of closure,” the association concluded.

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Iron ore exports from Ukraine fell by 8% in 2025

In 2025, Ukrainian mining companies reduced exports of iron ore raw materials (IORM) in physical terms by 8% compared to the previous year, from 33 million 699,722 thousand tons to 30 million 995,363 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, foreign currency proceeds from iron ore exports decreased by 16.6% during this period, from $2 billion 803.223 million to $2 billion 337.765 million.

Exports of mineral resources were mainly to China (44.98% of shipments in monetary terms), Slovakia (17.15%), and Poland (16.09%).

In addition, in 2025, Ukraine imported $95,000 worth of raw materials, amounting to 130 tons, from the Netherlands (46.32%), Italy (36.84%), and Norway (13.68%), while in the previous year it imported 2,042 tons worth $414,000.

As reported, in 2024, Ukraine increased its exports of raw materials by 89.8% compared to 2023, to 33 million 699.722 thousand tons, and foreign exchange earnings grew by 58.7%, to $2 billion 803.223 million UAH.

In 2024, Ukraine imported mineral resources worth $414,000 in a total volume of 2,042 tons, while in 2023, 250 tons of these raw materials were imported worth $135,000. In 2023, exports of raw materials decreased by 26% in real terms compared to 2022, to 17 million 753,165 tons. Foreign exchange earnings amounted to $1 billion 766,906 million (a decrease of 39.3%). Raw materials worth $135,000 were imported, totaling 250 tons.

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Iron ore exports from Ukraine fell by 4.9% in first 11 months

In January-November of this year, Ukrainian mining companies reduced exports of iron ore raw materials (IORM) in physical terms by 4.9% compared to the same period last year, from 30 million 250,394 thousand tons to 28 million 774,717 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, foreign currency proceeds from iron ore exports decreased by 14% during this period, from $2 billion 530.162 million to $2 billion 176.431 million.

Exports of raw materials were mainly to China (44.94% of shipments in monetary terms), Slovakia (17.24%), and Poland (16.26%).

In addition, in January-November 2025, Ukraine imported mineral resources worth $92,000 in the amount of 128 tons from the Netherlands (47.83%), Italy (38.04%), and Norway (14.13%), while in the same period last year it imported 2,031 tons worth $409 thousand.

As reported, in 2024, Ukraine increased its exports of raw materials by 89.8% compared to 2023, to 33 million 699.722 thousand tons, and foreign exchange earnings grew by 58.7%, to $2 billion 803.223 million UAH.

In 2024, Ukraine imported mineral resources worth $414,000 in a total volume of 2,042 tons, while in 2023, 250 tons of these raw materials were imported worth $135,000. In 2023, exports of raw materials decreased by 26% in real terms compared to 2022, to 17 million 753,165 thousand tons. Foreign exchange earnings amounted to $1 billion 766,906 million (a decrease of 39.3%). A total of 250 tons of raw materials were imported for $135,000.

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Exports of iron ore raw materials from Ukraine fell by 4.4% over 10 months

In January-October of this year, Ukrainian mining companies reduced exports of iron ore raw materials (IORM) in physical terms by 4.41% compared to the same period last year, from 27 million 790.352 thousand tons to 26 million 565.296 thousand tons.

According to statistics released by the State Customs Service (SCS) on Wednesday, foreign currency proceeds from iron ore exports decreased by 14.3% during this period, from $2 billion 341.865 million to $2 billion 7.246 million.

Exports of raw materials were mainly to China (44.49% of shipments in monetary terms), Slovakia (16.97%), and Poland (16.78%).

In addition, in January-October 2025, Ukraine imported mineral resources worth $86,000 in the amount of 118 tons from the Netherlands (51.16%), Italy (33.72%), and Norway (15.12%), while in the same period last year it imported 835 tons worth $261,000.

As reported, in 2024, Ukraine increased its exports of raw materials by 89.8% compared to 2023, to 33 million 699.722 thousand tons, and foreign exchange earnings grew by 58.7%, to $2 billion 803.223 million UAH.

In 2024, Ukraine imported mineral resources worth $414,000 in a total volume of 2,042 tons, while in 2023, 250 tons of these raw materials were imported worth $135,000. In 2023, exports of raw materials decreased by 26% in real terms compared to 2022, to 17 million 753,165 thousand tons. Foreign exchange earnings amounted to $1 billion 766,906 million (a decrease of 39.3%). A total of 250 tons of raw materials were imported for $135,000.

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Exports of iron ore raw materials from Ukraine fell by 7% in 8 months

In January-August of this year, Ukrainian mining companies reduced their exports of iron ore raw materials (IORM) by 7% in real terms compared to the same period last year, from 23 million 318,681 thousand tons to 21 million 679,221 thousand tons.

According to statistics released by the State Customs Service (SCS), foreign currency proceeds from iron ore exports decreased by 19.6% during this period, from $2 billion 32.671 million to $1 billion 633.454 million.

Exports of raw materials were mainly to China (43.71% of shipments in monetary terms), Slovakia (17.72%), and Poland (16.87%).

In addition, in January-August 2025, Ukraine imported mineral resources worth $58 thousand in the amount of 86 tons from Italy (40.35%), the Netherlands (36.84%), and Norway (22.81%), while in the same period last year it imported 794 tons worth $223,000.

As reported, in 2024, Ukraine increased its exports of raw materials by 89.8% compared to 2023, to 33 million 699.722 thousand tons, and foreign exchange earnings grew by 58.7%, to $2 billion 803.223 million UAH.

In 2024, Ukraine imported mineral resources worth $414,000 in a total volume of 2,042 tons, while in 2023, 250 tons of these raw materials were imported worth $135,000.

In 2023, Ukraine reduced its exports of raw materials by 26% in real terms compared to 2022, to 17 million 753,165 tons.

Foreign exchange earnings amounted to $1 billion 766.906 million (a decrease of 39.3%). Raw materials worth $135 thousand were imported, totaling 250 tons.

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China remains the main buyer of Ukrainian iron ore

In January-July of this year, Ukrainian mining companies reduced exports of iron ore raw materials (IORM) in physical terms by 8% compared to the same period last year, to 19 million 145,471 thousand tons from 20 million 803,661 thousand tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, foreign currency earnings from exports of iron ore raw materials decreased by 20.3% during this period, to $1 billion 460.316 million from $1 billion 831.314 million.

Raw materials were exported mainly to China (43.67% of shipments in monetary terms), Slovakia (17.9%), and Poland (16.82%).

In addition, in January-July 2025, Ukraine imported raw materials worth $58 thousand in the amount of 86 tons from Italy (40.35%), the Netherlands (36.84%), and Norway (22.81%), while in the same period last year it imported 771 tons worth $208 thousand.

As reported, in 2024, Ukraine increased its exports of raw materials by 89.8% compared to 2023, to 33 million 699.722 thousand tons, and foreign exchange earnings grew by 58.7%, to $2 billion 803.223 million.
In 2024, Ukraine imported mineral resources worth $414,000 in a total volume of 2,042 tons, while in 2023, 250 tons of these raw materials were imported worth $135,000.

In 2023, Ukraine reduced exports of raw materials in physical terms by 26% compared to 2022, to 17 million 753.165 thousand tons. Foreign exchange earnings amounted to $1 billion 766.906 million (a decrease of 39.3%).

Raw materials worth $135,000 were imported, totaling 250 tons.

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