Ukrainian exports to EU countries show higher growth

Ukrainian exports to EU countries show higher growth

In the first half of 2018, #Ukraine #exported 19.2% more #goods to #European #countries than in the same period of the previous year. For example, in the first half of 2018, #Ukrainian #exports to European countries were worth USD 9.79 billion, while Ukrainian imports from these countries were worth USD 10 billion. The largest European #importers of goods #produced in Ukraine were #Poland, #Italy, #Germany and #Hungary.

Visit our website if you are interested in the #Ukrainian_economy or #doing_business in Ukraine.

In the first half of 2018, Ukrainian exports to EU countries grew by around 19.2% compared to the same period of the previous year, totaling USD 9.79 billion, as stated in the press release published on the website of the State Statistics Committee of Ukraine. Currently, exports to the EU account for 42.1% of total Ukrainian exports. Thus, the growth rate of exports to European countries over the mentioned period is 19.2%.

The main importer was Poland, showing an increase of 30.8% (exports worth USD 1.64 billion). Moreover, other largest EU importers of Ukrainian goods were Italy (USD 1.47 billion, an increase of 24.8%), Germany (USD 0.93 billion, an increase of 28.3%) and Hungary (USD 0.83 billion, an increase of 39.3%).

By contrast, exports to some of the countries that are major importers of Ukrainian goods have shown a slight decrease. For example, exports to Lithuania fell by 15.1% (USD 57 million), Spain by 11.1% (USD 0.62 billion) and the Netherlands by 1.9% (USD 0.76 billion).

At the same time, Ukrainian imports from the EU increased by 12.4% in the first half of 2018 compared to the same period of the previous year, totaling USD 10 billion (41.5% of total Ukrainian imports).

Thus, Ukrainian exports to all countries totaled USD 23.2 billion (12.7% growth), while total Ukrainian imports were worth USD 25.9 billion (an increase of 14.5%).

In addition, Ukrainian goods were also exported to non-European countries. The largest importers included Turkey (USD 1.41 billion, 12.1% growth), India (USD 1.24 billion, an increase of 9.1%) and China (USD 1 billion, 5.6% growth).

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