In the first half of 2025, Ukraine spent $4.86 billion on energy resource imports, while revenues from the export of these products amounted to only $0.12 billion. Thus, for every dollar earned from energy resource exports, $40 were spent on their imports.
This is reported by Business • Media
Increasing Trade Gap in Energy Resources
Compared to the same period in 2024, spending on energy resource imports rose by 14.4%, while export revenues increased by 20.6%. However, despite the growth in exports, the negative trade balance in the first half of 2025 amounted to -$4.74 billion. For comparison, in 2021, the ratio of imports to exports was $19 to $1, and the annual trade deficit at that time was -$14.15 billion.
The majority of import spending from January to June 2025 was accounted for by oil and oil products (excluding crude oil), which made up 57.9% of the total. Meanwhile, electricity was the main component of energy resource exports, accounting for 61.4% of all export revenues.
“In the first half of 2025, the gap increased: for every $1 of exports, there is now $40 of imports, and the trade balance stood at -$4.74 billion.”
Growing Role of India in Diesel Fuel Supply
In July 2025, India became the main supplier of diesel fuel for Ukraine, providing 15.5% of the total imports of this type of fuel. Daily diesel supplies from India averaged 2,700 tons. From January to July 2025, India accounted for 10.2% of diesel fuel imports to Ukraine, whereas during the same period last year, this share was only 1.9%.