1992–93 Ukrainian First League was the second season of the Ukrainian First League. The league was reorganized from the previous season into a single group of 22 teams of which the best one was Nyva Vinnytsia. The league was joined by six clubs relegated from the Ukrainian Premier League, while no clubs were promoted from the Ukrainian Second League. The biggest favorite of the season FC Naftovyk Okhtyrka missed its chance to get back to the League of the strongest. Impressive season was for the FC Vorskla Poltava and FC Polihraftekhnika Oleksandria who will be setting a pace in the following years in the league. Disappointing season had FC Metalurh Nikopol and FC Pryladyst Mukacheve that nearly made it to the Top League last season.

Promotion and relegation

Promoted teams

There were no clubs promoted from the 1992 Ukrainian Transition League.

Relegated teams

Six clubs were relegated from the 1992 Ukrainian Top League:

Renamed teams

Teams

In 1992-93 season, the Ukrainian First League consists of the following teams:

Stadiums

The following stadiums are considered home grounds for the teams in the competition.

Managers

Final standings

Top scorers

Statistics are taken from here.