Business news from Ukraine

Business news from Ukraine

Ukraine Increased Exports of Wires and Cables by 3.2% Over Five Months

The value of Ukraine’s exports of insulated wires and cables (including fiber-optic cables) in January–May 2026 increased by 3.2% compared to the same period in 2025, reaching $612.9 million.

According to statistics from the State Customs Service (SCS), Germany remained the largest importer of Ukrainian products, as it was last year; shipments to Germany saw almost no growth, totaling $209.4 million, while its share of total exports of these products decreased slightly to 34.2%.

As in January–May 2025, the top three importers also included Hungary—$102 million (compared to $95.8 million last year)—and Poland—$97.9 million ($90.7 million).

According to statistics, exports of these products turned negative in May, declining by 6.6% compared to May 2025 and by 1% compared to April of this year, to $124.15 million.

At the same time, according to the State Customs Service, imports of wires and cables into Ukraine increased by 20.4% in January–May, reaching $220.8 million.

The largest suppliers of wires and cables to Ukraine were China ($75.2 million, or 26.8%), Hungary ($73.6 million, or 26.2%), and Poland ($37.1 million, or 13.2%), whereas last year imports from Hungary totaled $65.5 million, from China – $45.4 million, and from Poland – $33.3 million.

As reported, according to the State Customs Service, in 2025 Ukraine increased its exports of insulated wires and cables by 10.6% compared to 2024—to $1.41 billion—and imports by 24.3%—to $590.7 million.

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Ukraine Increased Transformer Imports by 89% Over Five Months

The volume of imports of transformers, inductors, and chokes into Ukraine in January–May 2026 increased by 89% compared to the same period in 2025—reaching $738.9 million, according to statistics from the State Customs Service.

According to the published data, imports of these products in May rose by 45.8% compared to May of last year but fell by nearly half compared to April of this year, reaching $76.9 million.
Thus, the growth rate of imports has begun to slow compared to the same period last year, and the decline in imports relative to the previous month of 2026 is accelerating; specifically, in April of this year, the decline was 34% compared to March 2026.

As previously reported, in March of this year, the Cabinet of Ministers removed transformers from the list of goods eligible for preferential import under agreements with the EU Secretariat.
At the same time, in May, the European Business Association, in an official letter to First Deputy Prime Minister and Minister of Energy of Ukraine Denys Shmyhal, called for the introduction of a temporary exemption from import duties and VAT for certain types of power transformers.

According to the State Customs Service, China remains the largest supplier of these products to Ukraine. Over the past five months, $665.6 million worth of these goods were imported (90% of total imports of these goods), whereas a year earlier, $321.5 million worth of transformers and chokes were imported from China (82.3%).

In addition, transformers were imported from Turkey (2%) and Germany (1.3%), whereas last year the share of imports from Germany was nearly 5%, and from Turkey—3.7%.
According to the State Customs Service, Ukraine exported transformers, inductors, and chokes worth nearly $16 million in January–May (compared to $10.9 million last year), primarily to Germany, Poland, and Hungary.

As reported with reference to the State Customs Service, in 2025, Ukraine’s imports of transformers, inductors, and chokes increased by 88% compared to 2024, reaching $1.12 billion. Imports from China alone were 2.3 times higher, totaling $957.3 million.

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Ukraine Reduced Consumption of Rolled Metal Products by 2.22% Over Five Months

In January–May of this year, Ukrainian companies reduced their consumption of rolled metal products by 2.22% compared to the same period last year, down to 1,592.4 thousand metric tons.

According to a press release from the “Ukrmetallurgprom” association on Tuesday, 732.4 thousand metric tons were imported during this period, accounting for 45.99% of the domestic rolled steel consumption market.

According to “Ukrmetallurgprom,” in January–May 2026, Ukrainian steel companies produced 2.340 million metric tons of rolled steel (93.3% of the figure for the same period in 2025), of which, according to the State Customs Service of Ukraine, approximately 1.480 million metric tons—or 63.2%—were exported. In January–May 2025, the share of exports was 61.5% (1.541 million metric tons out of a total rolled steel production of 2.507 million metric tons).

The share of semi-finished products in export shipments in January–May 2026 was 41.22%, which is significantly higher than the figure for the first five months of 2025 (32.23%). The share of flat products in exports from January through May 2026 is virtually the same as in January through May 2025 (46.96% and 46.59%, respectively). The share of long products, however, is noticeably lower than the figure for January–May 2025 (11.82% in 2026 versus 20.18% in 2025).

The structure of imports in January–May 2026 is characterized by a marked dominance of flat-rolled products over structural steel (62.42% and 28.59%, respectively); however, in January–May 2025, the dominance of flat-rolled products over long products was significantly greater (76.83% and 21.23%, respectively).

“In January–May 2026, the domestic market capacity amounted to 1 million 592.4 thousand metric tons of rolled steel, of which 732.4 thousand metric tons, or 45.99%, consisted of imports. In January–May 2025, the domestic market capacity was 1,557.8 thousand metric tons, of which 591.8 thousand metric tons, or 37.99%, were imported. “Thus, in January–May 2026, the domestic market capacity decreased by 2.22% compared to January–May 2025, while the share of imports increased by 8%,” the press release states.

According to the State Customs Service, the main export markets for Ukrainian rolled metal in January–May 2026 were the European Union (78.6%), the rest of Europe (11.7%), and the CIS (6.9%).

Among importers of rolled metal in January–May 2026, other European countries ranked first (47.8%), followed by Asian countries (26.6%) and the EU-27 (16.0%).

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 in 2024 contracted by 6.26% compared to the previous year—to 3 million 288.4 thousand metric tons, while in 2023 it grew 2.19 times compared to 2022—to 3 million 505.6 thousand metric tons.

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Ukraine reduced zinc imports by 34.2% in January–May

In January–May 2026, Ukraine reduced imports of zinc and zinc products by 34.2% compared to the same period last year, to $14.029 million.

In May, imports of zinc and zinc products amounted to $3.499 million.

Zinc exports for the first five months of 2026 totaled $466,000, while in January–May 2025 they were $523,000. In May, zinc exports amounted to $174,000.

As reported, in 2025 Ukraine reduced imports of zinc and zinc products by 9.6% compared to 2024—to $52.982 million. Zinc exports for the past year reached $1.234 million, compared to $563,000 a year earlier.

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

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Ukraine cut lead imports by 71.9% in January–May

In January–May 2026, Ukraine cut imports of lead and lead products by 71.9% compared to the same period last year, down to $958,000.

In May, imports of lead and lead products amounted to $199,000.

At the same time, exports of lead and lead products in January–May of this year increased by 4.9% compared to the same period last year—to $3.818 million. In May, $891,000 worth of lead was exported.

As reported, Ukraine increased imports of lead and lead products by 3.3 times in 2025, reaching $7.801 million. Exports of lead and lead products last year 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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Ukraine increased tin imports by nearly 90% in January–May

In January–May 2026, Ukraine increased imports of tin and tin products by 89.3% compared to the same period last year, reaching $3.292 million.

In May, imports of tin and tin products amounted to $555,000.

At the same time, exports of tin and tin products in January–May 2026 rose to $593,000 from $86,000 in January–May 2025. In May, $54,000 worth of tin was exported.

As reported, in 2025, imports of tin and tin products to Ukraine rose by 36.5% compared to 2024—to $4.352 million. Exports of tin and tin products amounted to $241,000, compared to $389,000 a year earlier.

Tin is used primarily as a safe, non-toxic, corrosion-resistant coating in its pure form or in alloys with other metals. The main industrial applications of tin are in tinplate (tin-coated iron) for food packaging, in solders for electronics, in plumbing, in bearing alloys, and in coatings made of tin and its alloys. The most important tin alloy is bronze (with copper).

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