In Ukraine’s foreign trade, imports still significantly prevail over exports.

Wednesday, July 17, 2024
In Ukraine’s foreign trade, imports still significantly prevail over exports.

According to the State Statistics Service, Ukraine imported goods worth $27.55B in January- May, which is 8.3% more than last year’s corresponding period. At the same time, exports increased by 1.7% to $16.83B. Thus, the negative balance amounted to $10.7B (last year, it was also negative – $8.88B). Ukraine traded with partners from 220 countries of the world.

Compared to the first five months of last year, exports of ferrous metals (+7%) to $1.21B and fats/oils of animal and vegetable origin (+9.5%) to $2.67B increased the most. At the same time, exports of grain and electric cars showed negative dynamics – the decrease was 1.3%, to ₴4.57B and 61.9%, to $310.9B, respectively.

Land transport vehicles (+39.2%, up to $3.31B), nuclear reactors, boilers, and machines (+38.2%, up to $2.48B) remain the leader in import growth. The largest volume reduction was experienced by fuel imports (-33.1%) to $3.44B.

 

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