China has become Ukraine’s largest trading partner

In second place in the first half – Poland.Ukraine's trade with China increased in the first half of the year / photo by REUTERSUkraine’s trade with China increased in the first half of the year / photo by REUTERS

According to the results of 6 months of the current year, China became Ukraine’s largest trading partner .

According to the State Statistics Service , the volume of exports of goods to China increased by 43% – to 4.28 billion dollars, and the volume of imports from China increased by 25% – to 4.567 billion dollars.

Ukraine became the second largest trading partner of Ukraine in the first half of the year. Exports of goods to Poland increased by 62.7% to $ 2.366 billion, and imports from Poland increased by 26.8% to $ 2.258 billion.

According to the State Statistics Service, in the first half of 2021 Ukraine exported goods to Russia worth 1.524 billion dollars, which is 15% more than in the same period last year. Imports from Russia in the first six months of this year amounted to 2.415 billion dollars, which is 9.9% more than in the same period last year.

Exports of goods to Germany in the first half of the year increased by 49.3% to $ 1.2 billion, and imports from Germany increased by 12.9% to $ 2.796 billion.

It is reported that the deficit of foreign trade in goods of Ukraine for 6 months of 2021 amounted to 1.327 billion dollars, which is 14% less than the deficit for the same period last year (1.519 billion dollars).

Exports of goods from Ukraine during this period increased by 30.7% to 29.924 billion dollars, and imports – by 28% to 31.251 billion dollars.

In the first half of the year, foreign trade operations were conducted with partners from 227 countries.

What is the export and import of goods

Export of goods is a customs regime according to which Ukrainian goods are released for free circulation outside the customs territory of Ukraine without obligations to re-import them.

Import of goods is a customs regime according to which foreign goods, after payment of all customs duties established by the laws of Ukraine on import of these goods and fulfillment of all necessary customs formalities, are released for free circulation in the customs territory of Ukraine.

(c)UNIAN 2021

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