Ukraine seaborne exports drop to lowest level since the start of the war
- In December 2025, seaborne trade of Ukraine dropped by 19% compared to the same month of 2024, and 68% compared to December 2021
- There was a peak of grain exports in November compared to the previous months of 2025, but it was 23% lower in December
- Experts say that there are a combination of different reasons such as increased security risk, failed ceasefire talks, shifting global demand and expanding land transhipping capabilities to the EU
Ukraine’s seaborne trade hits record lows due to a massive drop in grain exports on the back of increased security risk, failing ceasefire expectations and shifting demand patterns
