China has displaced Russia as Ukraine’s largest trading partner, according to new data posted by the National Bank of Ukraine. In the first quarter of this year, China-Ukraine trade hit $2.55 billion, or 10.6% of Ukraine’s foreign trade. During the same period, Russia’s trade dipped to $2.34 billion, or 9.7% of Ukraine’s foreign trade. With new Russian sanctions imposed on Ukraine this summer, China’s lead role is expected to become more pronounced. Ukraine’s next five trading partners are Poland, Germany, Belarus, Turkey, and the US.
China has displaced Russia as Ukraine’s largest trading partner
