Business news from Ukraine

Business news from Ukraine

Ukraine imported cars worth almost $720 mln in January-February

26 March , 2025  

Ukraine’s imports of passenger cars, including cargo-passenger van cars and racing cars (UKT VED code 8703), in January-February 2025 in monetary terms decreased by 7.8% year-on-year to $719.92 million.
According to statistics released by the State Customs Service (SCS) of Ukraine, in February imports of passenger cars to Ukraine exceeded the February-2024 figure by 3% to $385.94 million, while in January there was a 17.8% drop compared to January-2023.
The top three largest suppliers of cars to Ukraine in January-February this year were Germany, the U.S. and Japan, while in the previous year it was the U.S., China and Germany.
In particular, the supply of cars from Germany increased by almost 40% – up to $152.15 million, and their share in the structure of car imports amounted to 21.13% against 13.94% a year earlier.
Cars worth $122.13 million (15% less) were imported from the USA to Ukraine. Japan, which last year was not among the top three countries with the largest car imports, this year imported $79 mln worth of cars in two months.
It is noteworthy that China, whose imports a year ago amounted to $114.88 mln (second place after the USA), has not yet entered the top three.
Overall, imports of passenger cars from other countries totaled $366.63 million during the period compared to $413.87 million in January-February last year.
At the same time, in January-February this year Ukraine exported such vehicles for only $1.9 million, in particular to the UAE (67% of exports), Czech Republic and Moldova, while a year earlier the country sold them to foreign markets for $3.8 million, mainly to Canada (47.7%), USA (26.8%) and Moldova.
According to the STS, in the total structure of imports of goods to Ukraine in January-February the share of passenger cars amounted to 6.37%, in the structure of exports – 0.03%.
As reported, in 2024 in Ukraine imported passenger cars for $4.385 billion – 8% more than a year earlier, exported $10.1 million (2.7 times less).

 

,