News

In 2024, the EU sold goods worth €42.8 billion to Ukraine and purchased goods worth €24.5 billion, resulting in a trade surplus for the EU of €18.3 billion.

Compared to 2023, EU exports to Ukraine increased by 9.4%, while imports from Ukraine increased by 7%. The EU primarily exported mineral fuels (€6.8 billion), electrical equipment (€4.3 billion), and machinery (€4.2 billion) to Ukraine.

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In January-April 2025, Ukraine’s mining companies decreased iron ore exports in physical terms by 10.2% compared to the same period last year, from 12.409 million tonnes to 11.147 million tonnes. During this period, foreign exchange earnings from iron ore exports decreased by 21%, from $1.128 billion to $892.987 million.

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The Ministry of Agrarian Policy and Food of Ukraine has set minimum prices for agricultural products subject to the export support regime.

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The markets of the Middle East and North Africa are important for Ukrainian sugar producers as an alternative to the European one, which is currently limited by quota.

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The EU is preparing to impose higher custom duties on Ukrainian imports within weeks, dealing a blow to Ukraine’s economy at a critical moment in its fight against Russian aggression. 

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In the first 12 days of May 2025, Ukraine’s agricultural exports by road transport reached 117,000 tonnes, a 12% decrease compared to the same period in April.

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In January-April 2025, Ukraine imported 13,400 tonnes of cheese, a 16.5% increase compared to the same period in 2024. The cost of cheese imports reached $82.5 million, a 19.4% increase compared to the first four months of 2024. Cheeses were primarily imported from Poland (43.7%), Germany (10.7%), and the Netherlands (8.9%).

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In January-April 2025, Ukraine imported tractors worth $294.2 million, a 2.6% decrease compared to the same period in 2024. Tractors were primarily imported from the United States (21.3% of total imports, or $62.5 million), Germany (16.8%, or $52.2 million), and China (16%, or $47.3 million). In contrast, the main suppliers in the same period of 2024 were Germany ($49.34 million), the Netherlands ($38.6 million), and Poland ($37 million).

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In January-April 2025, the Export Credit Agency (ECA) insured export operations of Ukrainian companies, securing UAH 5.35 billion in future export revenue. For the same period last year, this figure was UAH 1.7 billion.

Insuring export contracts has enabled producers to reduce the risks of non-payment and gain access to bank financing, helping companies scale production and enter new markets.

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In January-April 2025, truck imports to Ukraine in monetary terms decreased by 4.3% compared to the same period in 2024, reaching $286.56 million, according to data from the State Customs Service of Ukraine.

In April 2025, truck imports decreased by 12.2% compared to April 2024, reaching $71.31 million.

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