Ukraine’s trade turnover in January-February amounted to $21.3 billion

Ukraine’s trade turnover in January-February 2026 amounted to $21.3 billion, according to data from the State Customs Service.

Over two months, Ukraine imported $14.8 billion worth of goods and exported $6.5 billion worth.

The countries from which the most goods were imported to Ukraine were China ($4 billion), Poland ($1.4 billion), and Turkey ($1.1 billion). At the same time, the countries to which the most goods were exported were Poland ($713 million), Turkey ($563 million), and Italy ($428 million).

Of the total volume of goods imported in January-February, 71% fell into the following categories:

  • machinery, equipment, and transport – $6 billion,
  • fuel and energy products – $2.6 billion,
  • chemical industry products – $2 million.

The top three most exported goods from Ukraine were food products ($4 billion), metals and steel products ($589 million), and machinery, equipment, and transport ($532 million).

In January-February 2026, UAH 318.5 million was paid to the budget during customs clearance of exports of goods subject to export duties.

As a reminder, Ukraine’s trade turnover amounted to $125.1 billion in 2025. Last year, the country imported goods worth $84.8 billion and exported goods worth $40.3 billion. Taxable imports amounted to $64.3 billion (76% of the total volume of imported goods).

As reported by GMK Center, Ukraine’s GDP in 2025 was 21% lower than the pre-war level. The country needs new drivers of growth, which can only be found in the industrial sector.

  • Global Market

Global scrap consumption rose by 4.5% y/y in 2025 — BIR

Global scrap consumption rose by 4.5% compared with the previous year, reaching 480 million tonnes,…

Thursday June 4, 2026
  • Companies

Worthington Steel has completed the acquisition of Klöeckner

The US-based Worthington Steel has completed its voluntary public takeover bid for Klöeckner & Co…

Thursday June 4, 2026
  • Companies

Voestalpine forecasts a rise in profits amid new EU protective measures

Austrian steel producer voestalpine expects profits to rise in the 2026/2027 financial year against the…

Wednesday June 3, 2026
  • Global Market

Billet prices rose by $10–20 per ton in regional markets in May

In most regional billet markets, prices rose slightly in May—by $10–20 per ton. The Gulf…

Wednesday June 3, 2026
  • Global Market

Iron ore prices fell by 3% in May

Iron ore prices (KORE 62% Fe/Qingdao) began to decline in late May–early June 2026 following…

Wednesday June 3, 2026
  • Industry

Ukraine increased imports of long steel products by 56.6% y/y in January–April

In January–April 2026, the long steel market in Ukraine saw a significant increase in imports—up…

Wednesday June 3, 2026