The 1992–93 Vyshcha Liha season was the second since its establishment. Tavriya Simferopol were the defending champions, having won their 1st national league title in history. A total of sixteen teams participated in the competition, fourteen of them contested the 1992 season while the remaining two were promoted from the Ukrainian First League. The competition began on August 15, 1992, with four games finishing on June 20, 1993. The competition was suspended for the winter break on November 22, 1992, and resumed on March 14, 1993. On June 20, 1993 Dynamo Kyiv earned their first Ukrainian title with a 4–1 away victory over Kremin Kremenchuk. The Kyivan club was declared a champion by the goal difference as both Dynamo and Dnipro finished equal on points. The teams met just three rounds before the end in Dnipropetrovsk where Dnipro was victorious by a minimum margin thanks to the goal of Yuriy Maksymov. Anatoliy Puzach was replaced as the coach of Dynamo Kyiv following its disastrous rendezvous with Belgian Anderlecht yielding it 2-7 on an aggregate and losing at home 0-3.

Teams

Promotions

Kryvbas is a multi-times champion of the Championship of the Ukrainian SSR. No relegation at the end of the season as the league was scheduled to be expanded to 18 participants.

Stadiums

Notes:

Managers

Managerial changes

Qualification to European competitions for 1993–94

Qualified Teams

League table

Results

Top goalscorers

Clean sheets

Medal squads

(league appearances and goals listed in brackets) Note: Players in italic are whose playing position is uncertain.