June 21, 2016

Big market: with whom and what does Ukraine trade?

The main focus of foreign trade activities in Ukraine over the past few years significantly shifted from the eastern countries to our western neighbors. The European Union became the leading trade partner of Ukraine. But in spite of this, China still occupy a leading position in the trade turnover between our countries. Although each quarter of a percentage of turnover is reduced and it is connected primarily because of the bilateral trade and economic sanctions. Since the beginning of this year, exports of goods between the two countries decreased by 13.9% and imports by 6.6%.

Where we are exporting. The first place on the import of Ukrainian goods to take: China – 7.9%, Egypt – 6.5%. Last year, one of the leading positions are occupied by Turkey with the index of 7.3%.

What we export? During the first quarter of this year Ukraine exported goods mainly for agricultural purposes -22.3% of which accounted for the bulk of cereals – 17.9% at the same time, Ukraine has earned $ 1.9 billion. Second place goes to the export of ferrous metals – 19.2% which amounted to $ 2 billion. It brought substantial profits as exports of fats and oils – $ 1.2 billion, of mineral products – $ 0.7 billion, finished food products and semi-finished products – $ 0.6 billion.

In the first quarter of this year, the highest figures for exports showed Hungary + 23.7%. The main direction of this products for electrical purposes, electric motors, electrical machinery and so on., Followed by ferrous metals, oil and mineral fuels. In addition, imported from Ukraine into Hungary lumber.

Also significantly increased exports to countries such as Spain, Germany and Poland.

Who and what imports to Ukraine. The main percentage of goods imported to Ukraine from the same countries where, and take out. This is China – 11.5%, Germany – 11%, Belarus – 6.8%, Poland 6,5%. Activated as imports from Turkey. Since the beginning of this year, imports from that country increased by almost 40%. This is due to the fact that Turkey has been forced to redirect on the Ukrainian market a large amount of fruits and vegetables.

Weighty share of imported goods in Ukraine occupy oil and oil products, as well as mineral fuels – from the first quarter of such goods imported $ 2 billion. Increased volumes of imports of electrical equipment among which the main share of it – nuclear reactors and boilers – $ 2.1 billion. Most up for the supply of land, air and sea transport almost 81.3% were imported to Ukraine by almost $ 864 million.

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