During the year, Ukraine imported goods worth $70.7 billion, and exported $41.6 billion.
According to the results of 2024, the turnover of Ukraine increased by 13% compared to 2023 - from 99.4 billion dollars to 112.3 billion dollars, according to the data of the State Customs Service.
During the year, Ukraine imported goods worth $70.7 billion, and exported $41.6 billion. At the same time, taxed imports amounted to 57.4 billion dollars, which is 81% of the total volume of imported goods.
Among the countries from which the most goods were imported to Ukraine: China - 14.4 billion dollars, Poland - 7 billion dollars and Germany - 5.4 billion dollars. Ukraine exported the most to Poland - $4.7 billion, Spain - $2.9 billion, Germany - $2.8 billion.
65% of the total volume of goods imported in 2024 was: machines, equipment and transport - 25 billion dollars; products of the chemical industry - 11.7 billion dollars; fuel and energy products - 8.9 billion dollars. The three most exported goods from Ukraine included food products - 24.6 billion dollars, metals and their products - 4.4 billion dollars, mineral machinery, equipment and transport - 3.5 billion dollars.
311.3 million hryvnias were paid to the budget during the customs clearance of the export of goods subject to an export duty.
As the trade representative of Ukraine Taras Kachka noted, the main drivers of import growth last year were electricity - 669 million dollars (+333% y/y), batteries - 950 million dollars (+103% y/y), transformers - 596 million dollars (+108% y/y), UAVs - 1.2 billion dollars (+77% y/y), oil products - 6.8 billion dollars.
"So energy challenges and defense are the main drivers of imports. The drivers are completely inelastic. A significant reduction in the trade deficit is directly related to the development of the military industry and the restoration of the energy infrastructure," Kachka added.
The leader in export shipments was iron ore - 33.6 million tons (+89% y/y). Revenue reached $2.8 billion (+58% y/y). The growth in revenue from the export of basic metallurgical goods amounted to 52% for semi-finished products ($927 million), 38.9% for hot-rolled products ($809 million), 125% for pipes ($590 million), 6.1% for cast iron ($500 million dollars) and 19.3% for bars ($156 million).