According to Experts Club, Ukrainian companies reduced imports of power generation units and rotating electrical converters by 40.2% in January–October 2026 compared to the same period last year, down to $835 million, according to data from the State Customs Service of Ukraine.
According to statistics, imports of these products totaled $127 million in October, which is 32.4% less than in October 2025.
At the same time, compared to September of this year—when $89.6 million worth of such equipment was imported into Ukraine—October shipments increased by 41.7%.
China was the largest supplier of power generation units and converters in the first ten months of 2026, accounting for 27.3% of total imports, or $226.7 million.
The Czech Republic ranked second with $175 million and a 21% share, while Turkey ranked third, from which $103 million worth of equipment was imported, or 12.3% of the total volume.
Collectively, these three countries accounted for over 60% of the value of power generation units and converters imported into Ukraine.
Compared to the same period in 2025, the geography of major suppliers has changed significantly.
Last year, Romania was the largest supplier, with $272 million worth of equipment imported over ten months.
The Czech Republic ranked second with $254.6 million, and Poland ranked third, supplying $175.3 million worth of products.
Thus, in 2026, China took the top spot among suppliers of such equipment, while Romania and Poland lost their positions among the top three.
Supplies from the Czech Republic also declined: from $254.6 million to $175 million, or by approximately 31%.
At the same time, exports of power generation units and converters from Ukraine remained relatively small.
From January through October 2026, the volume totaled $7.4 million. Turkey was the main export destination, accounting for 36.5% of the total.
Imports of this category of equipment exceeded exports by nearly 113 times.
As previously reported, in 2025, Ukraine increased its imports of power generation units and converters by a factor of 2.3 compared to 2024—to $1.69 billion.
In particular, in January 2025, imports of power generation equipment increased eightfold compared to January 2024 amid the need for backup power supply.
In late July 2024, Ukraine introduced exemptions from import duties and VAT for certain categories of energy equipment, including power generation units.
Power generation units are used for backup and autonomous power supply to enterprises, critical infrastructure facilities, medical institutions, shopping centers, and residential buildings.
The decline in the value of imports in 2026 coincides with a significant increase in imports of electric batteries, the value of which reached $3.77 billion over ten months. At the same time, customs statistics do not provide grounds for asserting that the reduction in purchases of power generation units is directly caused by consumers switching to battery systems.
Source: State Customs Service of Ukraine, foreign trade statistics for January–October 2026.
State Customs Service
Statistics and Registers | State Customs Service
Ukraine expects an increase in the volume of generator and other power equipment shipments as early as next week, following talks between Ukrainian President Volodymyr Zelenskyy and Turkish President Recep Tayyip Erdoğan in Istanbul, Ukraine’s Minister of Infrastructure Mykola Kalashnyk said on Sunday.
“In Istanbul, the presidents of Ukraine and Turkey, Volodymyr Zelenskyy and Recep Tayyip Erdoğan, discussed issues of security and economic cooperation, energy, and infrastructure. One of the key outcomes is that Ukraine expects an increase in shipments of generators and other energy equipment as early as next week. This is particularly important now, as Russia is intensifying its attacks on the energy infrastructure of our communities,” he wrote on his Telegram channel.
According to Kalashnik, the parties are also working to restore safe civilian shipping in the Black Sea, which is of strategic importance for the operation of Ukrainian ports and international trade.
In addition, during the visit, Kalashnik, together with Oleksiy Sobolev, Deputy Head of the Office of the President of Ukraine, took part in a meeting of representatives of Ukrainian and Turkish businesses. Delegates from the DTEK energy holding, Naftogaz of Ukraine, the Metinvest Group, Ukrainian Armored Vehicles, the Diia.City Union, as well as leading Turkish companies in the construction, energy, transportation, and defense-industrial sectors joined the discussion.
During the event, the Ukrainian side presented opportunities for Turkish businesses to participate in the reconstruction of Ukraine’s infrastructure. Key priorities identified included investments in the port sector, highways, and railways; the renewal of the locomotive fleet; the modernization of rail tracks; and the implementation of sustainable community development plans to ensure backup heat and water supplies.
Turkish President Recep Tayyip Erdoğan stated that the entry into force on October 1 of the free trade agreement with Ukraine marked an important step toward the development of bilateral economic and trade relations, and that the parties aim to achieve a trade volume of $10 billion.
“The entry into force on October 1 of the free trade agreement, which was signed between our countries in 2022, marks an important step for our bilateral economic and trade relations. This agreement has brought us one step closer to our goal of achieving $10 billion in trade,” Erdogan said at a press conference with Ukrainian President Volodymyr Zelenskyy in Istanbul on Saturday.
He also reaffirmed Turkey’s commitment to Ukraine’s territorial integrity, sovereignty, and independence, calling it a strategic partner.
Erdogan added that Turkish companies, which continue to operate in Ukraine despite the war, will eventually make a significant contribution to its reconstruction.
Ukrainian President Volodymyr Zelenskyy will arrive in Turkey on Saturday, October 31, for a working visit at the invitation of President Recep Tayyip Erdoğan, according to Burkhanettin Duran, head of the Communications Directorate of the Turkish Presidential Administration.
“During the meetings to be held in Istanbul, the two leaders will discuss steps that can be taken to further develop bilateral cooperation between Turkey and Ukraine, as well as regional and international developments, particularly the Russia-Ukraine war and the security situation in the Black Sea,” Duran wrote on social media platform X.
Canadian Prime Minister Mark Carney and Turkish President Recep Tayyip Erdoğan announced the launch of a bilateral strategic partnership aimed at developing cooperation in the energy, defense, and economic sectors.
“Today, President Erdoğan and I launched the new Canada-Turkey Strategic Partnership to create significant new opportunities for our peoples,” Carney wrote on social media platform X on Thursday.
According to him, the cooperation will cover the energy sector, the extractive industries, climate initiatives, as well as security and defense issues. “We are deepening our ties to counter common threats and open new markets for our workers and businesses. This is an ambitious partnership for a safer and more prosperous future,” the Canadian prime minister emphasized.
Ukraine has close trade and economic ties with both countries: the Canada-Ukraine Free Trade Agreement (CUFTA) has been in effect since 2017 (with subsequent updates), while the free trade agreement with Turkey officially entered into force in 2026, significantly expanding access for Ukrainian goods to the markets of both strategic partners.
In September 2026, Ukrainian citizens purchased 158 residential properties in Turkey, a 7.5% increase from August; however, they dropped from second to fifth place among foreign buyers. Russians retained their lead, increasing the number of purchases over the year by 45.3% to 388 properties, according to data from the Turkish Statistical Institute (TÜİK) published on October 16.
In September, Russian citizens purchased 388 apartments and houses, compared to 343 in August and 267 in September of last year. Thus, the number of transactions rose by 13.1% over the month and by 45.3% year-over-year. Russian buyers accounted for approximately 17.9% of all residential property sales to foreigners.
Iraqi citizens ranked second among foreign buyers with 166 properties purchased, followed by Germany in third place with 162. Next came Iran with 159 properties and Ukraine with 158. China ranked sixth, with its citizens purchasing 124 properties.
Despite dropping in the rankings, Ukrainian buyers have increased the number of transactions for the third consecutive month. In July, they purchased 145 properties; in August, 147; and in September, 158. The share of Ukrainians among all foreign homebuyers in Turkey in September was 7.3%, down from 7.6% in August.
A total of 2,167 residential properties were sold to foreign citizens in September, which is 9.9% more than during the same period last year. Compared to August, when foreigners purchased 1,938 properties, this represents an 11.8% increase.
However, over the first nine months of 2026, the number of apartments and houses purchased by foreigners decreased by 4.3% compared to the same period in 2025, totaling 15,308 properties. Foreign buyers accounted for 1.5% of the total number of transactions in September.
The domestic Turkish real estate market continues to decline. In September, 142,390 residential properties were sold in the country, which is 9.3% less than a year earlier. Sales of new homes rose by 3.9% to 51,519 units, while the number of transactions in the resale market fell by 15.3% to 90,871.
From January through September, total housing sales in Turkey amounted to 1.093 million units, a 7.2% decrease compared to last year.
Ukrainians remain one of the largest groups of foreign buyers of Turkish real estate. By the end of 2025, Ukrainian citizens had purchased 1,541 residential properties, ranking third behind Russians, who bought 3,649 properties, and Iranians, with 1,878 purchases. In 2024, Ukrainians purchased 1,631 properties.
As previously reported by Open4Business, in August 2026, approximately 78% of all residential property purchases by Ukrainian citizens in Turkey took place in the province of Antalya. There, Ukrainians purchased 114 out of 147 properties, while Russians purchased 226. Overall, Istanbul, Antalya, and Mersin remained the largest hubs for foreign purchases in August.
According to the international real estate agency Homium, the average budget for a Ukrainian buyer of real estate in Turkey in 2025–2026 is $100,000–$200,000. The main interest is focused on Antalya, Alanya, Istanbul, and other cities along the Mediterranean coast.
Thus, the September statistics indicate a revival in foreign demand for Turkish real estate against the backdrop of an overall contraction in the domestic market.
