The total volume of foreign trade in dairy products in February 2025 amounted to $45.6 million, which is 8.5% more than in January 2025 ($42.0 million) and 16.4% lower than in December 2024 ($54.5 million), according to the Union of Dairy Enterprises of Ukraine (UDEP).
According to the report, dairy exports in February 2025 amounted to $24.2 million and increased by 25% compared to January 2025 ($19.3 million) and by 51% compared to December 2024 ($16.0 million).
“Such significant export volumes have not been recorded since October-2022,” the analysts emphasized.
According to them, the value structure of exports was formed as follows: 36% milk and condensed cream, 30% butter, 20% cheese.
At the same time, in February 2025, compared to February 2024, the value structure of exports changed slightly: the share of butter and milk fats increased (from 13% to 30%), while the share of cheeses of all kinds decreased (from 28% to 20%) and milk and cream not condensed (from 10% to 6%).
At the same time, imports continued to decline and became the lowest in the last six months: in February 2025, they amounted to $21.4 million, which is 6% lower than in January 2025 ($22.7 million) and 44% lower than in December 2024 ($38.5 million).
In addition, in February 2025, compared to February 2024, there were changes in the value structure of imports: the share of cheese increased (from 68.2% to 83.4%) against a significant decrease in the share of butter (from 16.5% to 2.4%). The share of cheese (83.4%) reached its highest level in recent years.
The balance of exports and imports in February 2025 was positive: $2.8 million, compared to -$3.4 million in January 2025 and -$22.6 million in December 2014.
In February 2025, exports in value terms exceeded imports by 13% (in January 2025 – 0.85 times, in December 2024 – 0.41 times).
