Over the past six months, eight new international export markets have been opened for Ukrainian enterprises.  This included

63 commodity items were registered in eleven countries and several international economic organizations, Interfax-Ukraine reports citing the State Service for Food Safety and Consumer Protection.

“In addition these new markets, Ukraine now exporting 63 commodity items to 11 states and international economic organizations.

The first being exports to CIS countries which are now subject to new trade rules that come in force from April 13, 2021 in the field of veterinary medicine.  This has replaced an agreement between CIS countries which was signed back in 1993. Also, due to changes in the terms of trade, new agreements were  renegotiated with Singapore and South Korea,” said a government spokesperson.

The most promising markets for exports from Ukraine are the European Union, China, Singapore, India, Vietnam, South Africa and Indonesia, said

the State Consumer Service in a recent announcement of the continuation of work to expand existing markets across continents.

“An important priority for us is to work on opening new markets for the export of Ukrainian products. After all, these are new jobs and income to the state budget from taxes,

“ said the Export Chief, Vladislava Magaletskaya.

Ukraine’s exports of goods hit $8.5 billion, up 4.5% in January-February,

compared to the same period in 2020. Imports only increased by 0.5% to $8.73 billion. As a result, the $256 million trade deficit was slightly less than half the level of last year, reports the State Statistic Service.