During the first half of this year, a period that includes the height of the coronavirus lockdown, Ukraine’s exports of goods were down 6% yoy, and imports were down 12% yoy.

During the first half of this year, a period that includes the height of the coronavirus lockdown, Ukraine’s exports of goods were down 6% yoy, and imports were down 12% yoy. The trade deficit shriveled to $305 million – 87% below last year’s first half deficit of $3.5 billion. China fully eclipsed Russia as Ukraine’s largest trading partner. Ukraine’s top three export destinations were: China – 13%; Poland – 6%; and Russia – 6%. Ukraine’s top three sources of imports were: China – 15%; Germany – 9%; and Russia – 9%.