Ukraine’s 2024 exports surge by 13.4%

Export volumes also surged by 28.8%, reaching 129.2 million tons comapring to 100.3 million tons in 2023.

First Deputy Prime Minister and Economy Minister Yuliia Svyrydenko attributed this growth to the normalization of Ukraine’s seaports.

“While 54.8 million tons of goods were shipped via sea in 2023, this figure rose to 87.2 million tons in 2024,” she explained.

Additionally, the recovery and development of domestic processing industries positively influenced export figures.

Despite a decrease in goods transported by road in terms of weight, the value of goods carried by trucks increased to $14.5 billion in 2024.

Deputy Minister of Economy and Trade Representative Taras Kachka highlighted that the European Union remained Ukraine’s primary trade partner.

• EU Exports: $24.5 billion (over 59% of total exports, up by $1 billion compared to 2023).
• Key Non-EU Markets: China ($2.3 billion), Turkey ($2.1 billion), Egypt ($1.6 billion), India ($986 million), and Moldova ($935 million).

Nearly 50% of all imports to Ukraine originated from the EU.

Agricultural products:

• Sunflower oil: over $5 billion
• Sunflower meal: over $1 billion
• Poultry meat: $945 million
• Sugar: $408 million
• Soybean oil: $311 million.

Metals and related products:

• Iron semi-finished products: $927.5 million
• Hot-rolled steel: $802 million
• Cast iron: $500 million
• Tubes: $577 million.

Raw materials:

• Corn: $4.9 billion
• Wheat: $3.68 billion
• Iron ore: $2.75 billion
• Soybeans: $1.29 billion.

Manufactured goods:

• Cables: $1.26 billion
• Furniture: $460.6 million

Tags: wheat, sunflower meal, poultry meat, Ukraine, sunflower oil, exports, corn, soybean oil, sugar, soybeans