Business news from Ukraine

Business news from Ukraine

Copper imports to Ukraine increased by 27%, exports by 15%

In January-October 2025, Ukraine increased imports of copper and copper products by 27.4% compared to the same period last year, to $148.05 million.

Copper exports during this period increased by 15.1%, reaching $84.02 million, according to the State Customs Service.

In October, imports amounted to $14.46 million, while exports amounted to $12.91 million.

For comparison: in 2024, copper imports remained almost unchanged at $140.8 million, while exports increased by 22.4% to $88.24 million.

Copper is widely used in electrical engineering, in the production of pipes, in the creation of alloys, in medicine, and in other industries.

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Scrap exports from Ukraine increased by 52% — over 345,000 tons in ten months

In January-October 2025, Ukrainian companies increased exports of ferrous metal scrap by 52.1% compared to the same period last year — to 345,197 tons from 226,970 tons.

According to statistics released by the State Customs Service (SCS) on Wednesday, 33,357 tons were exported in October, 28,785 tons in September, 34,713 tons in August, 44,842 thousand tons in July, a record 47,691 thousand tons in June, 28.6 thousand tons in May, 46,321 thousand tons in April, 39,908 thousand tons in March, in February – 25,284 thousand tons, in January – 15,696 thousand tons of scrap.

In monetary terms, scrap exports in January-October increased by 43.4% – to $103.052 million from $71.862 million.

During this period, scrap exports were formally carried out mainly to Poland (81.08% of shipments in monetary terms), Greece (6.19%), and Italy (5.47%).

In the first 10 months of this year, Ukraine imported 34 tons of scrap worth $13,000 from Poland (53.85%), the Seychelles (30.77%), and the British Virgin Islands (7.69%).

As reported, due to the sharp increase in exports of strategic raw materials from Ukraine, the Ministry of Economy initiated the introduction of a licensing and quota regime for scrap exports with a zero quota. A public discussion of the draft resolution is currently underway. Its implementation is expected to contribute to the smooth operation of Ukraine’s metallurgical and foundry industries, as well as to stabilize the situation with regard to meeting the demand for scrap on the domestic market of Ukraine.

In 2024, Ukraine’s scrap collection companies increased their exports of ferrous metal scrap by 60.7% compared to 2023, from 182,465 thousand tons to 293,190 thousand tons. In monetary terms, scrap exports for the year increased by 73.2% to $91.311 million from $52.723 million.

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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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Ferrous metal exports increased by 1.5% to $2.7 bln

In January-October of this year, Ukrainian metallurgical companies increased their revenues from ferrous metal exports by 1.5% compared to the same period last year, to $2 billion 705.363 million.

According to statistics released by the State Customs Service (SCS) on Wednesday, ferrous metals accounted for 8.12% of total export revenues during this period, compared to 7.68% in January-October 2024.

In October, export revenues amounted to $312.781 million, compared to $308.547 million in the previous month.

At the same time, Ukraine increased imports of similar products by 14.5% in January-October 2025, to $1 billion 433.839 million. In October, products worth $136.266 million were imported.

In addition, in January-October 2025, Ukraine reduced exports of metal products by 3.1% to $774.144 million. In October, exports amounted to $81.836 million.

Imports of metal products during this period increased by 16.4% to $1 billion 46.223 million. In October, $145.558 million worth of these products were imported.

As reported, in 2024, Ukrainian metal companies increased their revenues from ferrous metal exports by 16.9% compared to the previous year, to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1% over the past year, to $1 billion 478.814 million.

In 2023, Ukraine reduced its revenues from ferrous metal exports by 41.6% compared to 2022, to $2 billion 647.72 million. Ferrous metals accounted for 7.3% of total revenues from goods exports during this period, while in 2022, the share was 10.3%. At the same time, Ukraine increased imports of similar products by 37% in 2023, to $1 billion 307.05 million.

In addition, in 2023, Ukraine reduced exports of metal products by 16.6% compared to 2022, to $877.92 million. At the same time, imports of metal products increased by 40.3%, to $902.57 million.

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Ukraine exported most to Poland, Turkey, and Germany – results for first 10 months of 2025

According to the results of January-October 2025, Poland, Turkey, and Germany remain Ukraine’s largest export destinations. The volume of supplies to Poland amounted to $4.2 billion, to Turkey – $2.2 billion, to Germany – $2.0 billion, according to the State Customs Service.

Food products lead the export structure with $18.2 billion, metals and metal products with $3.9 billion, and machinery, equipment, and transport with $3.1 billion. UAH 950.7 million was paid to the budget for the clearance of goods subject to export duties.

According to the State Customs Service, total exports for 10 months decreased by 4.05% to $33.2 billion.

Source: https://expertsclub.eu/ukrayina-eksportuvala-najbilshe-do-polshhi-turechchyny-nimechchyny-pidsumky-10-misyacziv-2025-roku/

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Ukrainian grain exports rose by 32% in October

Ukraine exported 3.2 million tons of grains and oilseeds in the first four months of the 2025-2026 marketing year (MY, July-June), according to the Ukrainian Grain Association on Facebook.

According to the infographic, exports were most active in August (3.3 million tons) and October (3.21 million tons). At the same time, exports in October exceeded September figures (2.4 million tons) by 32%.

Wheat sales peaked in August at 2.048 million tons, which is 36.5% more than in October (1.5 million tons). Barley exports were also most active in August (324,000 tons), which is 36.1% more than in September (238,000 tons) and 62% more than in October (200,000 tons).

Corn exports, on the other hand, picked up in October and reached 1.094 million tons, significantly more than the September figure of 61 thousand tons and the August figure of 230 thousand tons.
Foreign trade in soybeans also picked up in October – 230 thousand tons, compared to 78 thousand tons in September and 208 thousand tons in August this year.

Rapeseed exports were most active in August – 519 thousand tons, while in September and October, 220 thousand tons and 177 thousand tons were delivered to foreign markets, respectively.

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