Ukraine's Trade Performance in the First Half of 2025

Strategic Insights -

In the first half of 2025, Ukraine's trade performance has shown mixed results, with exports reaching USD 20.044.9 million, marking a 4.2% decrease compared to the same period in the previous year. Imports during this time totaled USD 38.557.1 million, a significant increase of 115.6% compared to the first half of 2024. This surge in imports has led to a widening trade deficit of USD 18.51 billion, a notable increase from the USD 12.43 billion deficit recorded in the same period last year.

Key Takeaways:

  • Exports of electrical machinery witnessed a notable growth of 12.9% to USD 1.25 billion in the first half of 2025, compared to the same period in 2024.
  • Exports of ferrous metals increased by 5.0% to USD 1.54 billion, while exports of animal or vegetable fats and oils grew by 2.6% to USD 3.16 billion.
  • The export-to-import ratio dropped to 0.52 in the first half of 2025, down from 0.63 in the same period of the previous year.
  • Ukraine's foreign trade operations were conducted with partners from 221 countries worldwide.
  • The largest increase in imports was driven by supplies of electrical machinery, which rose by 70.7% to a total of USD 5.56 billion.
  • Imports of mineral fuels, oil, and refined products increased by 21% to USD 5.14 billion, while imports of land transport vehicles (excluding railway stock) grew by 7.7% to USD 4.19 billion.
  • Ukraine's total trade turnover for January-July 2025 amounted to USD 69.1 billion.

Statistics:

  • Raw data:

+ Exports: USD 20.044.9 million

+ Imports: USD 38.557.1 million

+ Trade deficit: USD 18.51 billion

+ Export-to-import ratio: 0.52

+ Total trade turnover: USD 69.1 billion

  • Growth rates:

+ Exports of electrical machinery: 12.9%

+ Exports of ferrous metals: 5.0%

+ Exports of animal or vegetable fats and oils: 2.6%

+ Imports of electrical machinery: 70.7%

+ Imports of mineral fuels, oil, and refined products: 21%

+ Imports of land transport vehicles (excluding railway stock): 7.7%

  • Country-specific trade data: Ukraine conducted foreign trade operations with partners from 221 countries worldwide.

Sources:

  • State Statistics Service, Ukrinform.