Business news from Ukraine

Business news from Ukraine

Ukraine Reduced Zinc Imports by 35% in January–August

In January–August 2026, Ukraine reduced imports of zinc and zinc products by 35% compared to the same period last year, down to $24.126 million.

According to statistics released by the State Customs Service of Ukraine, imports of zinc and zinc products in August totaled $3.306 million.

Zinc exports for the eight-month period totaled $1,108 million; in August, they amounted to $189,000, compared to $888,000 in January–August 2025.

As previously reported, Ukraine reduced its imports of zinc and zinc products by 9.6% in 2025 compared to 2024, down to $52.982 million. Zinc exports last year reached $1.234 million, whereas in 2024 they totaled $563,000.

Pure metallic zinc is used to recover precious metals, protect steel from corrosion, and for other purposes.

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Electricity exports from Ukraine fell by 17.3% over week

Electricity exports from Ukraine on September 14–20 decreased by 17.3% compared to the previous week, to 109.3 thousand MWh, while imports increased by 12.2%—to 18.6 thousand MWh.

“Overall, electricity sales were nearly six times higher than purchases,” the DIXI Group analytical center reported on Wednesday, citing data from Energy Map.

As the center noted, weather conditions had the greatest impact on electricity trade during the reporting period. A cloudy start to the week, combined with a gradual seasonal decline in solar power generation, reduced the daytime power surplus, and the largest decline in exports occurred during daylight hours. At the same time, comfortable temperatures, mostly without precipitation, did not create peak loads on the power grid. Industrial consumption remained low due to Russian attacks.

According to Energy Map, Hungary accounted for the largest share of last week’s exports—53.8 thousand MWh, or 49.2%. Moldova accounted for 36,2 thousand MWh (33.1%), Romania for 19,0 thousand MWh (17.4%), and Poland for 0,3 thousand MWh (0.3%).
Compared to the previous week, exports declined across all destinations: to Poland by 72% (due to insignificant supply volumes), to Romania by 28%, to Moldova by 22%, and to Hungary by 8%. Exports to Slovakia remained at zero.

Hungary also remained the main source of imports, accounting for 8,900 MWh (47.8%). Poland accounted for 5,900 MWh (31.4%), Romania for 3,800 MWh (20.6%), and Moldova for 0.04 thousand MWh (0.2%).

As previously reported, in August 2026, electricity imports to Ukraine increased by 5% compared to July—to 184,000 MWh—while exports jumped by 63.8% to 380,900 MWh, marking the highest monthly export volume since September 2025. As a result, Ukraine maintained its status as a net exporter for the second consecutive month: sales exceeded purchases by nearly double.

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Truck Imports to Ukraine Fell by 1.1% Over Eight Months

Imports of trucks to Ukraine from January through August 2026 declined by 1.1% in monetary terms compared to the same period in 2025—to $627.5 million, according to statistics from the State Customs Service.

According to the published data, imports of these vehicles rose by 13.5% in August compared to August 2025, reaching $80.1 million.
As in the previous year, the largest number of trucks in January–August were imported from Poland, but imports from that country fell by 24%—to $98.8 million—and its share of total truck imports decreased to 15.74% from 20.5%.

Germany became the second-largest supplier of trucks to Ukraine, with exports totaling $88.4 million; in January–August 2025, it had not been among the top three suppliers.
Imports from Italy, which also was not among the top three truck suppliers a year ago, totaled $68.9 million (nearly 11%).

In January–August of last year, the top three truck suppliers were Poland, France, and the United States.
Imports of trucks from all other countries during this period increased by 20.5%—to $371.4 million.

At the same time, according to statistics, Ukraine exported only $2.17 million worth of trucks over the eight-month period, mostly to Turkey, while a year ago, exports totaled nearly $4 million—also primarily to Turkey.
As previously reported, in 2025, imports of trucks into Ukraine increased by 5.5% compared to 2024—to $999.5 million, with the largest volumes coming from France—$169.2 million (42.8% more than the year before last), Poland—$162.7 million (-14.7%), and the United States—$109 million (+2%).

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Ukraine’s domestic rolled metal market shrank by 9.6% over eight months

In January–August of this year, Ukrainian companies reduced their consumption of rolled metal by 9.64% compared to the same period last year, down to 2.546 million metric tons.

According to a press release from the “Ukrmetallurgprom” association, 1.151 million metric tons were imported during this period, accounting for 37% of the domestic rolled steel consumption market.

According to “Ukrmetallurgprom,” in January–August 2026, Ukrainian steel mills produced 3.591 million metric tons of rolled steel (84.4% of the level recorded during the same period in 2025), of which, according to the State Customs Service of Ukraine, approximately 2.196 million metric tons—or 61.2%—were exported. In

January–August 2025, the share of exports was 58.3% (2.481 million metric tons out of a total rolled steel production of 4.256 million metric tons).

“In January–August 2026, the domestic market capacity was 2.546 million metric tons of rolled metal products, of which 1.151 million metric tons, or 45.21%, consisted of imports. In January–August 2025, the domestic market capacity was 2,815,500 metric tons, of which 1,042,500 metric tons, or 37%, were imported. “Thus, in January–August 2026, the domestic market capacity decreased by 9.64% compared to January–August of last year, while the share of imports increased by 8.21%,” the press release states.

The share of semi-finished products in export shipments in January–August 2026 was 41.44%, which is significantly higher than the figure for the same period last year (32.37%). The share of flat-rolled products in exports matches that of January–August of last year (44.22% and 44.38%, respectively), while the share of long products is noticeably lower (14.34% versus 23.26%, respectively).

The structure of imports in January–August of this year is characterized by a noticeable dominance of flat-rolled products over long products (67.98% and 25.97%, respectively); however, in January–August 2025, the dominance of flat-rolled products over long products was significantly greater (70.24% and 20.96%).
According to the State Customs Service, the main export markets for Ukrainian rolled metal in January–August 2026 were the European Union (82.3%), the rest of Europe (9.1%), and the CIS (6.7%).

Among steel importers for the first 8 months of 2026, other European countries ranked first (49.0%), followed by Asian countries (26.1%), and the EU-27 (16.8%).
As previously reported, Ukraine’s rolled metal market grew by 21.73% in 2025 compared to 2024, reaching 4 million 1.6 thousand metric tons. Imports totaled 1 million 603.6 thousand metric tons, accounting for 40.07% of domestic rolled metal consumption.

Ukraine’s rolled steel market shrank by 6.26% in 2024 compared to the previous year—to 3,288,400 metric tons—while in 2023 it increased 2.19-fold compared to 2022—to 3,505,600 metric tons.

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Ukraine Purchased $890 Mln in Transformer Equipment from China

According to Experts.news, Ukraine increased its imports of transformers, inductors, and chokes by 49% in January–August 2026 compared to the same period last year—to $1.02 billion—with China accounting for nearly 88% of all shipments of these products, according to data from the State Customs Service.

Over the eight-month period, Ukraine imported $890 million worth of transformers, inductors, and chokes from China, accounting for 87.7% of total imports in this product category.

A year earlier, imports from China totaled $563.4 million, or 82.7% of Ukraine’s imports. Thus, over the course of the year, China not only significantly increased the volume of its exports but also raised its share of the Ukrainian market by approximately 5 percentage points.

Turkey and Germany remained other major suppliers. Turkey accounted for about 3% of imports, while a year earlier its share was 2.5%. Germany’s share, conversely, fell from 5.8% to 1.4%.

The growth rate of transformer equipment imports has been gradually slowing throughout 2026. In the first quarter, imports increased by 81% year-over-year; in the first half of the year, by 63%; and from January through August, growth stood at 49%.

In August 2026, Ukraine imported transformers, inductors, and chokes worth $115.7 million, which is 7.7% more than in August of last year.
The high volume of purchases of transformer equipment persists amid the need to restore and modernize Ukraine’s energy infrastructure.

In March 2026, the Cabinet of Ministers removed transformers from the list of goods that could be imported on preferential terms under agreements with the EU Secretariat. In May, the European Business Association appealed to First Deputy Prime Minister and Minister of Energy of Ukraine Denys Shmyhal with a proposal to temporarily exempt certain types of power transformers from import duties and VAT.

At the same time, Ukraine continues to export its own transformers and related electrical equipment. From January through August 2026, the value of these exports totaled nearly $24.8 million, compared to $19.9 million a year earlier. The main export markets were Germany, Poland, and Hungary.

By comparison: for the full year of 2025, Ukraine imported transformers, inductors, and chokes worth $1.12 billion, which was 88% higher than the 2024 figure. Imports from China rose 2.3-fold during that period—to $957.3 million.

Thus, in just the first eight months of 2026, the volume of Ukraine’s imports of these products approached the figure for the entire previous year, and China further solidified its status as a key supplier of transformer equipment to the Ukrainian market.

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Ukraine Reduced Lead Imports by 77% in January–August

In January–August 2026, Ukraine reduced imports of lead and lead products by 77% compared to the same period last year, down to $1.282 million.

According to statistics released by the State Customs Service of Ukraine, imports of lead and lead products in August totaled $98,000.

Exports of lead and lead products in January–August of this year rose by 17.2% to $7.402 million, and in August, they totaled $1.416 million.

As previously reported, in 2025, Ukraine increased its imports of lead and lead products by a factor of 3.3 compared to 2024, reaching $7.801 million. Exports of lead and lead products in 2025 decreased by 17.8% to $9.377 million.

Lead is currently used primarily in the production of lead-acid batteries for the automotive industry. In addition, lead is used in the manufacture of bullets and certain alloys.

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