Ukraine aims to increase its exports to $77B over the coming years.

By 2030, Ukraine plans to boost export volumes to $77B (up from $51B last year) and raise their share of GDP to 33%, according to Deputy Minister of Economy Taras Kachka. Notably, the proportion of raw materials and low-tech products in exports has risen from 52% in 2021 to 66.3% in 2024. Therefore, the new export development strategy will focus not only on increasing the quantity of supplies but also on enhancing the production and export of higher-value goods.

Key elements of this strategy include expanding access to financing by scaling up the Export Credit Agency’s activities, strengthening economic diplomacy, and improving businesses’ capacity for independent exports.

Kachka mentioned that currently 93.4% of Ukrainian exports go to countries with which Ukraine has existing free trade agreements. At present, the EU accounts for 59.5% of Ukrainian imports, but businesses are swiftly demonstrating their ability to redirect trade and production to destinations including Africa.

The official believes that the agricultural sector, metallurgy, and the defense industry will be the main drivers of export growth in the future.