Ukraine has exported goods worth almost $9.9 billion since the beginning of the year – Ministry of Economy

The European Union remains Ukraine's key trading partner

In January-March 2025, Ukraine exported goods worth almost $9.9 billion. This was announced by Taras Kachka, Deputy Minister of Economy of Ukraine, Trade Representative of Ukraine.

In March, exports from Ukraine reached more than $3.6 billion, which is 4.5% more than in March last year and 18% more than in February this year.

“Despite the decline in exports in the first two months of the year, we managed to achieve positive dynamics in March. A significant increase in exports in March compared to February this year was made possible by an increase in supplies of agricultural products, iron ore and steel products,” said Taras Kachka.

Thus, in March, exports of pig iron amounted to $110 million (+13.4 times m/m), sunflower seeds – $15.9 million (+11.5 times m/m), sunflower oil – $141.6 million (+39.2% m/m). This allowed to increase physical export volumes to 9.98 mln tons (+15.9% m/m).

In March, exports by sea increased by 24.7% m/m in monetary terms and by 17% in physical terms. Exports by rail increased by 16.8% m/m and 15.1% m/m respectively.

“Despite the decline in the physical weight of Ukrainian exports, their monetary value is increasing. In March last year, we exported almost 11.9 million tons worth $3.46 billion, and in March this year – 9.9 million tons worth $3.62 billion. Thus, the share of goods with higher added value is gradually increasing, which means that the Ukrainian processing industry is successfully overcoming obstacles in its development due to the war and entering foreign markets,” the Ukrainian trade representative emphasized.

Ukrainian producers exported most of their goods to Poland ($407.7 million), Turkey ($294.3 million), Italy ($231.8 million), Germany ($196.3 million), China ($189.4 million), and Spain ($185.7 million).

The European Union remains Ukraine’s key trading partner. In March, Ukraine exported $2.04 billion worth of goods to the EU countries (+6.1% mom).

As GMK Center reported earlier, in 2024, Ukraine’s trade turnover increased by 13% compared to 2023, from $99.4 billion to $112.3 billion. During the year, Ukraine imported $70.7 billion worth of goods and exported $41.6 billion.