Ukraine
Ukraine shipped 11.1 Mt of CBAM goods to the EU in 2025 (9.8 % of all CBAM imports, down 4 % on 2024). Most of the exposure comes from iron and steel. At default values the 2026 CBAM bill would be about €629 m, ranking it 6th of 152 countries.
11.1 MtEU imports, 2025
€3.30 bncustoms value
€629 mCBAM exposure 2026
€56/taverage per tonne
What it exports
Steel 82 %Aluminium 0 %Fertilisers 0 %Cement 17 %
| Sector | Tonnes 2025 | Value | Exposure 2026 | 2034 |
|---|---|---|---|---|
| Iron and steel | 9.2 Mt | €3.03 bn | €491 m | €1.17 bn |
| Cement | 1.9 Mt | €160 m | €135 m | €279 m |
| Fertilisers | 22 kt | €9.4 m | €1.8 m | €3.2 m |
| Aluminium | 38 kt | €96.0 m | €1.1 m | €1.6 m |
Products with the largest exposure
Default value (2026, incl. mark-up) and CBAM benchmark in tCO₂e per tonne.
| CN code | Product | Tonnes | Default | Benchmark | Exposure |
|---|---|---|---|---|---|
| 2523 29 00 | Portland cement (excl. white, whether or not artificially coloured) | 1.6 Mt | 1.518 | 0.666 | €117 m |
| 7207 11 16 | Semi-finished products, of iron or non-alloy steel, containing by weight < 0,25 % carbon… | 760 kt | 2.637 | 1.364 | €81.7 m |
| 7208 39 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 685 kt | 2.731 | 1.370 | €78.7 m |
| 7201 10 30 | Non-alloy pig iron in pigs, blocks or other primary forms, containing by weight ≤ 0,5 % … | 516 kt | 2.390 | 1.210 | €51.5 m |
| 7208 38 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 442 kt | 2.731 | 1.370 | €50.8 m |
| 7214 20 00 | Bars and rods, of iron or non-alloy steel, with indentations, ribs, groves or other defo… | 252 kt | 2.637 | 1.364 | €27.1 m |
| 2601 12 00 | Agglomerated iron ores and concentrates (excl. roasted iron pyrites) | 4.9 Mt | 0.132 | 0.086 | €19.5 m |
| 7209 16 90 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 147 kt | 2.798 | 1.458 | €16.7 m |
| 7208 37 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 144 kt | 2.731 | 1.370 | €16.5 m |
| 7207 11 14 | Semi-finished products, of iron or non-alloy steel, containing by weight < 0,25 % carbon… | 148 kt | 2.637 | 1.364 | €15.9 m |
| 7213 91 41 | Bars and rods, hot-rolled, of iron or non-alloy steel, in irregularly wound coils, conta… | 122 kt | 2.637 | 1.364 | €13.2 m |
| 7213 91 49 | Bars and rods, hot-rolled, of iron or non-alloy steel, in irregularly wound coils, conta… | 120 kt | 2.637 | 1.364 | €12.9 m |
Outlook
Same 2025 volumes, same certificate price (€82.32), default values throughout.
2026€629 m10 % mark-up, 97.5 % free allocation
2030€1.14 bn30 % mark-up, 51.5 % free allocation
2034€1.45 bn30 % mark-up, no free allocation
Carbon pricing in Ukraine
Ukraine levies a CO₂ emissions tax at a very low rate and has been preparing an ETS as part of EU accession work.
Where it sits on the map
Read more
- Sectors
Iron ore pellets: the CBAM good almost nobody talks about
- Sectors
Aluminium: primary, secondary and the power behind the smelter
- Exporters
A checklist for producers outside the EU
Nearby in the ranking: Russia, India, Egypt, Taiwan.
Sources: Eurostat Comext (DS-045409), annual 2025; Implementing Regulations (EU) 2025/2621 and 2025/2620. See methodology.