Trade turnover in the first two months of 2021 stood at US$17.6 billion.Photo from UNIAN
Ukraine’s State Customs Service says imports of goods in January-February 2021 grew by 4%, or US$387 million, to US$9.1 billion year-over-year (y-o-y), while the exports rose by 4.4%, or US$361 million, to US$8.5 billion.
Trade turnover over the period under review stood at US$17.6 billion. At the same time, imports have exceeded exports by US$613 million, the agency’s press service said on March 22.
“Major exporters of goods to Ukraine are China (US$1.4 billion), Germany (US$758 million), and Russia (US$730 million). In total, Ukrainian exports to China stood at US$1.1 billion, Poland – at US$649 million, and Turkey – at US$552 million,” the report said.
Ukraine’s TOP 3 major export staples are ferrous metals (worth US$1.5 billion), cereals (US$1.32 billion), and ores (US$1.1 billion).
Imports include mineral fuels, oil and petroleum products (US$1.86 billion); boilers, machinery, and equipment (US$853); and electrical machines, equipment, and relevant parts (US$841).
Imports of goods to Ukraine in 2020 shrank by 10.3%, to US$54.2 billion against 2019, while the exports declined by 1.7%, to US$49.2 billion, according to the State Customs Service.
Read more on UNIAN: https://www.unian.info/economics/foreign-trade-ukraine-exports-imports-of-goods-in-jan-feb-11361100.html
Trade is doing well, despite the corona-pandemia. But why the trade with Russia is still enormous? Coal from occupied Donbas,yes!
Looking at the data, I’m afraid that Ukraine is treated like another mafia land, where raw materials make up the biggest part of the country’s exports.
In particular women.