The government has approved Ukraine’s export strategy up to 2030

The implementation of the document aims to increase exports of goods and services to $85 billion within five years

The government has approved Ukraine’s new Export Strategy for the period up to 2030. The document aims to increase the total volume of exports of goods and services to $85 billion from $48 billion by 2025, and to reduce the share of raw materials and low-value-added products within this total to 59% from 87.3%. This was reported by the Cabinet of Ministers’ press service.

The strategy focuses on increasing the production and export of goods and services with higher added value, strengthening the competitiveness of Ukrainian companies in foreign markets, and expanding the participation of micro, small and medium-sized enterprises in foreign economic activity.

“Ukraine has strong manufacturing potential; our task is to help businesses realise this potential in foreign markets. The export strategy up to 2030 sets out how we will work to expand market access, develop support tools for exporters and increase the share of value-added products in Ukrainian exports. This is important both for economic growth and for deepening Ukraine’s integration into the EU market,” emphasised Taras Kachka, Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine.

Other targets for achieving this goal include increasing the ratio of exports of goods and services to GDP to 33% from 29.4% by 2024, and raising the share of service exports in total exports to 25% from 18% by the first nine months of 2025.

To achieve these goals, the document provides for the development of medium- and high-tech goods production, support for the processing industry, stimulation of investment in export-oriented production, removal of tariff and non-tariff barriers, development of export financing, strengthening of Ukraine’s trade and economic representation abroad, improvement of information and advisory support, the digitalisation of export services, and the promotion of Ukrainian goods and services in foreign markets

The Strategy will be implemented in two phases. The first phase, running from 2026 to 2028, will focus on creating favourable conditions for export development: improving legislation, removing trade barriers, developing financial instruments, attracting investment and strengthening institutional capacity. The second phase, in 2029–2030, envisages the further development and scaling up of the changes initiated, as well as the formation of a comprehensive support system for Ukrainian exporters.

As reported by the GMK Center, exports of goods from Ukraine rose by 4.5% year-on-year in January–April, totalling $13.9 billion.  The top three goods exported from Ukraine were food products ($8.5 billion), metals and steel  products ($1.3 billion), and machinery, equipment and transport ($1.2 billion).