Ukraine is boosting its exports despite the ongoing war and changes in trade leadership.

Roman Kornylyuk, a financial analyst at YouControl, stated that by the end of 2024 the volume of Ukrainian exports reached $41.7B, which is a 15% increase compared to 2023. While this rise is notable, export levels have yet to match those achieved in 2019-2021. In 2024, Ukraine’s main trading partners included Poland, Germany, Spain, China, Turkey, the US, India, and Egypt.

Kornylyuk highlighted that the EU now accounts for over 50% of all Ukrainian exports, demonstrating Ukraine’s increased European integration. Previously, a significant portion of Ukrainian supplies was directed to China and other Asian countries. Agricultural products represent over 50% of the total export volume, followed by metals and ores.

However, there has been an upswing in exports of higher value-added goods: textiles and clothing increased by $181M, meat and offal showed stable growth, and mechanical engineering and chemical products are emerging as promising sectors.

Ukraine is also experiencing a new trend in export activity, with growing interest in Asian and African markets.