Business news from Ukraine

Business news from Ukraine

Tractor imports to Ukraine rose to $507.5 mln over seven months

In January–July 2026, Ukraine imported $507.5 million worth of tractors, which is 2% more than during the same period last year, when imports totaled $497.8 million, according to data from the State Customs Service.

However, in July alone, tractor imports fell by 5% compared to July 2025 and by 3% compared to June of this year, to $70.6 million.

Germany was the largest supplier of tractors to Ukraine over the seven-month period, accounting for 19.4% of imports, or $98.3 million.

China supplied nearly the same volume—$98 million, or 19.3% of total imports. The United States ranked third with shipments worth $89.6 million, accounting for nearly 17.7%.

Thus, the three largest countries accounted for about 56.4% of all tractor imports into Ukraine during January–July.

Compared to last year, the supplier structure has changed. In January–July 2025, the United States was the largest supplier with $94.1 million in shipments, followed by China with $87.3 million and Germany with $83.9 million.

Over the year, shipments from Germany increased by approximately 17%, and those from China by more than 12%, while imports from the United States decreased by about 5%.

For the full year of 2025, Ukraine imported tractors worth $845.7 million, which was 7.9% higher than in 2024. The main suppliers at that time were also the United States ($179.7 million), Germany ($145 million), and China ($142.8 million).

Thus, in 2026, the growth in tractor imports continued, but its pace slowed noticeably: over the first seven months, the figure increased by only 2%, and by July, a negative year-over-year trend had already been recorded.

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In July, Ukraine reduced its steel production by 21% and fell to 26th place in world

In July 2026, Ukraine’s steel mills produced 457,000 metric tons of steel, which is 21.3% less than in July of last year and 33.9% less than in June, when 691,000 metric tons were produced.

At the end of the month, Ukraine ranked 26th among 70 countries whose data is tracked by the World Steel Association (Worldsteel).

Overall, global steel production in July declined much less—by 0.3% year-over-year, to 149.2 million metric tons. Thus, the rate of decline in production in Ukraine significantly exceeded the global average. Worldsteel’s official data was published on August 24, 2026.

From January through July, Ukrainian steelmakers produced 4.023 million metric tons of steel, which is 5.6% less than during the same period in 2025. Based on the results of the first seven months, Ukraine ranks 24th in the global rankings.

The decline in July was particularly sharp compared to the previous month. While Ukrainian enterprises produced about 691,000 metric tons of steel in June, output fell by nearly 234,000 metric tons in July.

This also led to a decline in the country’s position in the global ranking: after seven months, Ukraine ranks 24th, while in July alone it dropped to 26th place.

By comparison, most of the largest producers increased their output in July. India increased production by 1.9%, the U.S. by 4.4%, South Korea by 6.4%, Turkey by 7%, Germany by 3%, and Vietnam by as much as 34.7%. China, on the other hand, reduced production by 3.6%. According to official data from Worldsteel, Russia increased its July production by 3.3%, to an estimated 5.7 million metric tons.

In the first seven months of 2026, global steel production totaled 1.081 billion metric tons, down 0.6% year-over-year. Ukraine, with a 5.6% decline, is also showing significantly weaker performance than the global market as a whole.

In 2025, Ukraine produced approximately 7.4 million metric tons of steel. According to World Steel’s latest annual table, the country ranked 23rd globally, down from 22nd in 2024.

The World Steel Association brings together leading steel producers, national and regional industry associations, and research organizations. The association’s members account for about 85% of global steel production.

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Ukraine’s foreign trade surplus in ferrous metals shrank by almost a quarter

Ukraine’s positive foreign trade balance in ferrous metals decreased by approximately 24% in January–July 2026, to $655 million, according to Open4Business calculations based on data from the State Customs Service.

Over the seven months, Ukraine exported $1.678 billion worth of ferrous metals, while imports amounted to $1.023 billion.

During the same period of 2025, exports reached $1.816 billion, while imports, based on their current growth of 7.2%, amounted to approximately $954 million. Thus, the trade surplus at that time stood at approximately $862 million.

The reduction in the positive balance is associated with two trends: the export revenue of Ukrainian steelmakers decreased by 7.6%, while the value of products imported into the country increased by 7.2%.

In July, the gap between exports and imports narrowed even further: ferrous metal exports amounted to $199.9 million, while imports totalled $176.4 million.

Despite the deterioration in dynamics, Ukraine’s trade in ferrous metals remains in surplus. However, the margin of exports over imports is becoming significantly smaller.

Source: State Customs Service of Ukraine, Open4Business calculations.

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Estonia Provided Ukraine with Over EUR50 Mln in Military Aid in 2026

Estonian Defense Minister Hanno Pevkur stated that the republic provided Ukraine with military aid totaling over EUR50 million in 2026, of which over EUR40 million consisted of products from the Estonian defense industry.

“This year’s contribution of at least 0.28% of GDP and the growing share of Estonian defense products in our aid to Ukraine demonstrate the consistency of our support. Ukraine can count on both us and its other allies,” said Pevkur, as quoted by the ministry’s press service.

He noted that in 2023, the Estonian government set a goal of providing support to Ukraine at a level of at least 0.25% of GDP per year. In 2025, this aid reached 0.35% of GDP.

The bulk of Estonia’s military aid is provided in the form of products from Estonian companies. Part of the aid package for 2026 has already been delivered: Estonia has purchased drones and related equipment for Ukraine. Aid measures for 2027 will be announced shortly.

As part of the NATO PURL (Prioritized Ukraine Requirement List) initiative, products from the U.S. defense industry are also being procured for Ukraine. Estonia has contributed EUR 21 million to the initiative.

In total, since the start of the war in Ukraine in 2022, Estonia has provided over EUR 850 million in support to the country through various military aid initiatives, according to the Ministry of Defense.

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Norway Plans to Provide Ukraine with Approximately $9.1 Bln in Aid in 2027

The Norwegian government will propose to the Storting (parliament) to extend emergency aid to Ukraine in the amount of 85 billion Norwegian kroner (approximately $9.1 billion) into 2027 as well, the government’s press service reported.

“Norway will continue to support Ukraine’s defense efforts. Ukraine is facing a difficult winter. We are now sending a clear signal that Norway will continue to support Ukraine, both through civilian and military aid,” said Prime Minister Jonas Gar Støre.

As noted, the government’s proposal was conveyed to Ukrainian President Volodymyr Zelenskyy during a meeting between Stere and Zelenskyy in Kyiv on Sunday.

The Norwegian prime minister noted that supporting and rebuilding Ukraine is also important for European security. Norwegian support is provided through the Nansen Program for Ukraine and is directed toward both civilian and military purposes.

“The bulk of the funds will go toward military support, specifically purchases from the Ukrainian defense industry. The government will revisit the distinction between military and civilian services at a later date,” the press release states.

The Nansen Program for Ukraine is Norway’s long-term government program to support Ukraine, launched in February 2023 with broad cross-party support from the Norwegian parliament—the Storting. It initially allocated 75 billion NOK for 2023–2027, but the program was subsequently expanded and extended through 2030.

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Passenger traffic across Ukraine’s border this week set record since March 2022

Passenger traffic across Ukraine’s western border during the week of August 15–21 increased by 1.8%—to 791,000 — a record high since the start of Russia’s full-scale aggression, excluding the first few days of the conflict, according to daily statistics from the State Border Guard Service monitored by the Interfax-Ukraine news agency.

The previous record was set in mid-August 2025 at 778,000, but last year during this same week, passenger traffic had already begun to gradually decline.

According to data from the State Border Guard Service, the number of outbound border crossings this week increased to 391,000 from 383,000 the week before, while inbound crossings rose to 400,000 from 394,000.
The number of vehicles passing through checkpoints also increased slightly—to 145,000 from 143,000 last week—as did the number of vehicles carrying humanitarian cargo—to 466 from 459—but these figures are not record-breaking.

The heaviest outbound traffic was recorded on Saturday (61,000 per day), and the heaviest inbound traffic on Sunday (65,000), while the lightest outbound traffic was on Tuesday (50,000), and the lightest inbound traffic on Thursday (45,000).

According to the State Border Guard Service, as of 9:00 p.m. on Saturday, the largest number of passenger cars were waiting to cross the border with Poland at the “Krakovets” border crossing point (BCP)—100, “Ustyluh”—60, and “Shehyni”—50. Shorter lines were observed at the “Hrushev” checkpoint (40 vehicles), the “Nyzhankovychi” checkpoint (20), and the “Rava-Ruska” checkpoint (15).

In addition, 15 buses had accumulated at the “Krakovets” checkpoint, 5 at the “Smelnitsa” checkpoint, and 90 pedestrians were also waiting in line at the “Shehyni” checkpoint, which is very rare.
At the border with Slovakia, there was a line of 25 vehicles at the “Maly Berezny” border crossing point and 10 at the “Uzhhorod” border crossing point.

At the border with Hungary, 30 passenger cars were waiting to cross at the “Luzhanka” checkpoint, 25 at the “Tisa” checkpoint, and another 20 at the “Vylok” checkpoint.
At the border with Romania, 20 vehicles had accumulated at the “Dyakivtsi” checkpoint and another 10 at the “Porubne” checkpoint.

Last year, passenger traffic across the border this week had already decreased by 1.3% compared to the peak figure—to 768,000—with outbound traffic exceeding inbound traffic by 2,000.
It remained at this level during the last week of August but then dropped sharply in the first half of September with the start of the new school year.

As reported, starting May 10, 2022, the outflow of refugees from Ukraine—which began with the start of the war—turned into an inflow that lasted until September 23, 2022, totaling 409,000 people. However, starting in late September—possibly influenced by news of mobilization in Russia and “pseudo-referendums” in the occupied territories, followed by massive shelling of energy infrastructure—the number of people leaving exceeded the number of those entering. In total, from the end of September 2022 until the first anniversary of the full-scale war, this figure reached 223,000 people.

In the second year of the full-scale war, the number of border crossings for departure from Ukraine, according to the State Border Guard Service, exceeded the number of crossings for entry by 25,000; in the third year—by 187,000; in the fourth year—by 221,000; and by 77,000 since the start of the fifth year—64,000 of which occurred since the beginning of summer.

In its July inflation report, the National Bank maintained its estimate of last year’s migration from Ukraine at 0.3 million people due to the deterioration of the security situation at the end of the year and the easing of exit rules for young people, but noted that in 2024 this figure will be less than 0.5 million. The NBU continues to forecast a net outflow of 0.2 million in 2026,
while net returns, according to its forecast, will begin in 2027 and amount to about 0.1 million people, increasing to 0.5 million people in 2028.

According to UNHCR data, the number of Ukrainian refugees in Europe as of June 30, 2026, stood at 5.159 million, and globally at 5.687 million, compared to 5.213 million and 5.687 million, respectively, as of April 30.
In Ukraine itself, according to the latest UN data for July 2026, there are 3.80 million internally displaced persons (IDPs), compared to 3.70 million in January of this year and 3.34 million in July 2025.

Crossings at Ukraine’s western border, in thousands:

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