Ukraine and Japan are increasing their trade volume and planning to cooperate in renewable energy.

Trade between the countries averaged $1.5B per year. At the beginning of the full-scale invasion, trade volume decreased to half of the current indicator. Still, in 2023 it increased, approaching almost $1B, Ukrainian Ambassador to Japan Serhii Korsunskyi said.

He noted that the export volume of Ukrainian alcoholic beverages and feather down to Japan has increased significantly.

According to him, in April there will be a large-scale exhibition of food products in Tokyo, where a Ukrainian delegation will participate.

“A separate topic is cooperation in the field of IT. But, frankly, it’s not yet the scale I’d like to see. We will continue to work,” added Korsunskyi.

At the same time, Japan plans to share biofuel production technology and the necessary equipment to produce renewable energy with Ukraine. Biofuel production can provide promising exports for Ukraine and potentially help increase the country’s earnings in foreign currency.