European exports to Ukraine are growing faster than imports of Ukrainian goods. Last year, the European Union exported goods valued at €42.8B to Ukraine and imported €24.5B, resulting in a trade surplus of €18.3B, according to Eurostat data. Compared to 2023, exports and imports ... #agroexportukraine #EUmarket #UkraineExport #UkraineForeignTrade #UkraineImport #Ukrainetradedeficit
Business experts predict growth in Ukrainian exports. The President of the Ukrainian Chamber of Commerce and Industry (UCCI) Gennady Chyzhykov noted that last year the volume of Ukrainian exports reached 129.2 million tons of goods ($41B). The continuati... #UCCI #UkraineExport #UkraineForeignTrade #ukrainianbusiness
Which sector in Ukraine will suffer the most from the suspension of the customs visa-free regime with the EU, and is there an alternative? Analysts note that the EU will not extend the trade visa-free regime, which allowed Ukraine to trade goods duty-free. Poland and several other countries opposed the automatic extension. However, the E... #agroexportukraine #EUmarket #FreeTradeAgreement #Poland #UkraineForeignTrade #VisaFreeTrade
Ukraine is set to ratify a free trade agreement with the UAE: What opportunities will exporters gain? The Cabinet of Ministers has approved a draft law for the ratification of the Comprehensive Economic Partnership Agreement between the governments of Ukraine and the UAE. This document establishes a f... #FreeTrade #GulfNations #MiddleEast #TradeAgreement #UAE #UkraineExport #UkraineForeignTrade
The EU promises better trade conditions for Ukraine after June 5 than they were before 2022. The Ukrainian government, along with the European Commission, are working to adopt new trade terms that will come into effect after June 5. Otherwise, the provisions of the Association Agreement will ... #DenysShmyhal #EUmarket #TradeRestriction #UkraineExport #UkraineForeignTrade #UrsulavonderLeyen
Trump has introduced large-scale tariffs; how will Ukraine be affected? Commenting on the introduction of import tariffs by US President Trump, Ukraine’s Minister of Economy Yulia Svyrydenko, noted: “It is difficult, but not critical. A general tariff of 10% w... #DonaldTrump #DutyTariff #UkraineEconomy #UkraineForeignTrade #USduty #YuliyaSvyridenko
Ukraine and the UAE have signed a comprehensive economic partnership agreement: How will this impact interstate trade? During a working visit to the UAE, President Volodymyr Zelenskyy announced the signing a bilateral trade agreement that will simplify trade between the two countries. According to the Ministry of Econ... #TradeAgreement #UAE #UAEmarket #UkraineEconomy #UkraineForeignTrade
Ukraine seeks to maintain access to the EU market. The government is completing internal preparations for negotiations with the EU on signing an agreement on industrial visa-free travel. Ukraine also seeks to extend economic visa-free travel and conso... #DenysShmyhal #EUmarket #FreeTrade #TransportAgreement #UkraineForeignTrade
Ukraine’s trade turnover for the first 11 months of the year exceeded last year’s indicator by almost $2.5B. According to the State Customs Service, Ukraine’s trade turnover in January-November amounted to $101.9B: imports – $63.6B, exports – $38.3B. Ukraine imported the most goods from China – $13B, P... #China #Poland #UkraineExport #UkraineForeignTrade #UkraineImport #UkraineTradeTurnover
Ukraine’s trade volume will continue to grow with its Western partners. The Eastern Committee of the German Economy reported that the volume of Ukrainian-German trade in 2024 could reach €11-12B. Currently, both exports and imports are growing. For comparison, in pre-war ... #Germany #SouthKorea #UkraineExport #UkraineForeignTrade #UkraineImport
The NBU lifts some currency restrictions to support foreign trade and international technical assistance programs. On November 20, the National Bank made changes to currency restrictions. “On the one hand, the NBU eased several restrictions to support international cooperation in foreign trade and internatio... #CurrencyRestrictions #financeUkraine #nbu #UkraineForeignTrade
Ukraine passes Russia and becomes Germany’s leading trading partner among the post-Soviet countries. Russia has lost its long-standing position and dropped to second place, according to data on German export and import operations for three quarters of the year, published by the German Committee on Ea... #EasternEurope #Germany #TradeTurnover #UkraineForeignTrade
Agricultural exports brought 64% of Ukraine’s export earnings to Ukraine: Who bought the most Ukrainian goods? According to the results of 2024’s first six months, Ukraine’s export of agricultural food products accounted for 64% of total exports ($12.45B). In January-June, EU countries purchased mo... #agroexportukraine #FoodProducts #Spain #UkraineExport #UkraineForeignTrade
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 ... #agroexportukraine #FerrousMetals #UkraineExport #UkraineForeignTrade #UkraineImport #Ukrainetradedeficit
The National Bank has summarized the economic results for April-May. Here are the leading indicators: Inflation in April remained the same as in March – 3.2% annually. This was facilitated by a drop in prices for raw food products and persistent inflationary expe... #BusinessExpectation #InflationinUkraine #nbu #UkraineBudget2024 #UkraineEconomy #UkraineForeignTrade
Economic experts have identified dangerous economic trends in Ukraine. In the last four months, Ukraine exported goods worth $13.5B, the same as last year. Ukraine rapidly increased the physical volume of exports from 36 to 49 million tons against significantly lower wor... #UkraineEconomicForecast #UkraineEconomy #UkraineExport #UkraineForeignTrade #UkraineImports #Ukrainetradedeficit
Kyiv has offered Argentina and Chile a free trade agreement, participation in reconstruction, and investment opportunities in Ukraine. Following visits by Minister of Economy Yuliya Svyrydenko to Argentina and Chile, she confirmed a common interest in investment and the conclusion of bilateral agreements on free trade. “Pharmac... #Argentina #Chili #PeaceSummit #TradeAgreement #UkraineForeignTrade #YuliyaSvyridenko
Ukraine buys equipment, chemicals, and fuel from China and Poland and sells food and metals to them. In the four months of 2024, Ukraine’s trade turnover reached $35.3B (import – $21.9B, export – $13.4B). Taxed imports amounted to $19B (87% of the total volume of imported goods). Ukraine ... #UkraineExport #UkraineForeignTrade #UkraineImport #UkraineTradeTurnover
How has trade between Ukraine and Germany developed since the beginning of the Russian aggression? In 2023, Germany became the third ($4.9B) largest exporter of goods to Ukraine and the fifth ($2B) largest importer of Ukrainian goods. Last year, exports to Germany recovered compared to 2022’s level... #Germany #UkraineExport #UkraineForeignTrade #UkraineImport #UkraineTrade
Ukraine’s trade turnover in the first quarter amounted to $26B. According to data from the State Customs Service, during the first three months of 2024, Ukraine imported goods worth $16B and exported $10B. At the same time, taxed imports amounted to $13.8B, which ... #UkraineExport #UkraineForeignTrade #UkraineImport #UkraineTradeTurnover
Ukraine lost up to $400M in imports due to the border blockade in February; exports are close to pre-war levels. According to the NBU, in February there was no increase in the import of goods, which is typical for this month, due to the resumption of the blockade of the western borders. Thus, import losses amoun... #BorderBlockade #nbu #UkraineEconomy #UkraineExport #UkraineForeignTrade #UkraineImport
Ukraine increased its imports from China. What other countries supplied us with goods in January? In January 2024, the share of Chinese goods in the structure of Ukrainian imports increased to 21.7%. The value of these imports is more than $1.1B; in 2023, this figure was 16%. Among the most import... #ChineseDrones #ChineseGoods #UkraineForeignTrade #UkraineImport
The European Commission proposes to extend Ukraine’s transport visa-free status with certain conditions. The EC sent a proposal to the Council of Europe to extend the agreement with Ukraine and Moldova on the liberalization of road freight transport for 2025. The conditions offered are the following: Mak... #EUUkrainefreetrade #FreeTradeAgreement #TradeVisaFree #transportvisafree #UkraineForeignTrade
In January, Ukraine increased its exports by 12% and reduced imports of goods. The export of goods in January increased by 12.3% compared to the corresponding period last year, while imports decreased by 1.1%, the National Bank reports. Ukraine supplied $3.3B worth of goods to f... #nbu #UkraineForeignTrade #UkraineImport #UkraineTrade #ВідвантаженнятоварівУкраїна
Ukraine’s imports exceed exports by 76%. In 2023, Ukraine imported goods worth $63.5B and exported $36B, according to the State Customs Service. Ukraine imported the most goods from China, $10.4B, Poland $6.6B, and Germany $4.9B. Ukraine exp... #nbu #UkraineEconomy #UkraineForeignTrade #UkraineTrade #Ukrainetradedeficit
Ukraine increased the total volume of its exports by 112,000 tons. In 2023, Ukraine increased exports by 112,000 tons to almost 100 million tons of goods. At the same time, in value terms, the indicator fell by 18.7% to $35.8B. Despite the general decline in the expo... #BlackSeaCorridor #BorderBlockade #UkraineForeignTrade #UkraineTrade #ВідвантаженнятоварівУкраїна
Ukraine’s foreign trade deficit decreased by 30%. According to the results from November, the foreign trade deficit in Ukraine decreased to $2.12B ($2.96B in October). Imports of goods amounted to $5.07B, which is 10.1% less compared to October, whil... #BorderBlockade #Foreigntradedeficit #UkraineEconomy #UkraineForeignTrade #ВідвантаженнятоварівУкраїна
The trade volume between Ukraine and Turkey reaches a record $8B, and Turkish companies have invested over $300M during the war. As Burak Pehlivan, chairman of the board of the Turkish-Ukrainian Business Association, stated: “Despite the economy of Ukraine shrinking by 30% due to the war, and its volume of foreign trade d... #BurakPehlivan #OnurGroup #TurkeyUkrainefreetrade #UkraineForeignTrade
Ukraine’s imports exceed exports by 43%. Ukraine’s turnover for January-November 2023 is $90B, the State Customs Service reported. In 11 months, Ukraine imported goods worth $57.2B and exported goods worth $32.8B. The countries from which th... #UkraineForeignTrade #UkraineImport #UkraineTrade #ВідвантаженнятоварівУкраїна
Economic damage from the Polish-Ukrainian border blockade may reach $400M. The interruption of the supply of Ukrainian goods by truck through Poland will affect both the export and import of goods to Ukraine. According to preliminary calculations by the National Bank, in 202... #BorderBlockade #nbu #UkraineEconomy #UkraineForeignTrade #UkrainePolandCheckpoints
Ukraine’s imports exceed exports by $22.4B. Ukraine’s trade turnover for January-October 2023 is $82B, the State Customs Service reported. During this period, Ukraine imported goods worth $52.2B and exported $29.8B. At the same time, taxe... #UkraineForeignTrade #UkraineImport #UkraineTrade #ВідвантаженнятоварівУкраїна
How did Ukraine’s international trade develop in September 2023? For the month, the trade deficit amounted to $0.8B. The deficit’s formation stems from the contraction of foreign trade. For the first nine months of the year, the export of goods decreased by 35.9%, ... #UkraineEconomy #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
The export of Ukrainian dairy products have decreased by 10% during the year. During the nine months of the current year, Ukraine’s dairy product turnover was reduced by 9.7% compared to the same period last year – from $353.4 to $318.8M. It is noted that the volume of da... #agroexportukraine #DairyproductionUkraine #MilkProductionUkraine #UkrainedairyExport #UkraineForeignTrade
The flow of foreign currency to Ukraine is decreasing, increasing risk for the hryvnia. Over the past few months, currency inflows to Ukraine have significantly decreased, which is explained by two factors: the deficit of foreign trade and the reduction of financial aid from partner coun... #financeUkraine #financialaidforUkraine #foreigncurrency #Hryvnia #UkraineForeignTrade
Ukraine plans to enter the markets of more than 60 countries. Currently, the Ministry of Economy, the State Production and Consumer Service, and the Ministry of Foreign Affairs of Ukraine are working to open the markets of 63 countries in almost 200 directions. ... #OleksandrBankov #UkraineForeignTrade #ВідвантаженнятоварівУкраїна
In August, Ukraine managed to reduce the foreign trade deficit. As reported in the customs committee of the parliament, this indicator amounted to $2.77B against $2.83B in July. Despite the shelling of the port infrastructure, it is noted that the export of agricu... #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
Ukrainian entrepreneurs need diplomatic support to export to 16 countries. These companies are in the food, dairy, beverage, textile, furniture, cosmetic, and IT industries, informs the Ministry of Foreign Affairs’ Nazovni service. The largest numbers of requests for d... #NAZOVNI #UkraineForeignTrade #ukrainianbusiness #ВідвантаженнятоварівУкраїна
Food and metal are the primary Ukrainian exports. According to Opendatabot, during January-July of this year, the total volume of exports from Ukraine amounted to $30.3B, 8% less than in the same period of 2022. Despite the decline, among the exports... #agroexportukraine #GrainAgreement #UkraineForeignTrade #UkrainianMetalExport #ВідвантаженнятоварівУкраїна
Ukraine increased foreign trade turnover of goods by 3%. For the first seven months of the year, Ukraine’s merchandise turnover amounted to $57.5B, 3% more than in 2022, the State Customs Service reported. During this period, Ukraine imported goods wo... #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
Ukraine’s foreign trade deficit increased by 300% in six months. The State Statistics Service reported that the negative balance of Ukraine’s foreign trade in goods for January-June 2023 increased from $2.58B to $11.04B compared to the same period last year. ... #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
Ukraine has taken another step toward European customs integration and increasing exports and imports from the EU. The procedure for determining the country of origin of goods in Ukraine is officially compliant with the EU Customs Code. The new law, signed by President Zelenskyy, allows the temporary movement of g... #CustomsUkraine #EUcustoms #UkraineForeignTrade #ВідвантаженнятоварівУкраїна
Poland benefits from a strategic economic partnership with Ukraine, making up a third of EU exports. Poland benefits from a strategic economic partnership with Ukraine. Since the beginning of the full-scale war in 2022 until the end of May 2023, its exports to Ukraine amounted to almost €14B, which i... #JanuszWojciechowski #PolandUkrainetrade #UkraineForeignTrade
Businesses ask the governments of Ukraine and Poland to quickly sign the common border agreement. Several business associations have called on the governments of Ukraine and Poland to promote the development of existing checkpoints and the construction of new joint checkpoints on the Ukrainian-Pol... #EBA #UkraineForeignTrade #UkrainePolandBorder #UkrainePolandCheckpoints
Ukraine plans to introduce several new agricultural products to the Chinese market. The subcommittee on Ukrainian-Chinese trade and economic cooperation discussed the prospects of bringing new goods to the Chinese market by the end of the year, announced the Ukrainian government. At ... #agroexportukraine #chinaandukraine #UkraineForeignTrade
Ukraine’s trade volume after the seaports are operating freely can reach $20B per year. According to Metinvest head of project office Oleksandr Vodoviz, there is no alternative to the complete unblocking of Ukraine’s ports for all cargoes, as shipments by road and rail transport th... #GrainAgreement #OleksandrVodoviz #UkraineExport #UkraineForeignTrade
Most Ukrainian businesses are considering entry into foreign markets. About 69% of entrepreneurs support this trend, according to analysis from Gradus Research. At the same time, 55% of respondents believe that because of these Ukrainian specialists will start implement... #businessinukraine #ForeignMarketsForUkraine #UkraineForeignTrade
The deficit in foreign trade in goods increased by almost 800%. The negative balance of Ukraine’s foreign trade in goods for the first five months of the year increased dramatically compared to last year – to $8.98B from $1B. According to the State Sta... #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
Ukraine will begin revising the free trade agreement with four EFTA countries. On Tuesday, the Minister of Economy of Ukraine, Yulia Svyridenko, held a meeting with the European Free Trade Association (EFTA) ministers, during which she announced the decision to start domestic pr... #EFTA #FreeTradeAgreement #UkraineForeignTrade #YuliyaSvyridenko
Ukraine and the EU will share the same system for classifying goods. The Ukraine Cabinet of Ministers adopted a resolution that will contribute to unifying approaches to the classification of goods with those used in the EU, reported the Ministry of Finance. The govern... #ClassifyingGoodsUkraine #GoodsClassification #UkraineExport #UkraineForeignTrade
The deficit of foreign trade of goods increased by 3,800%. According to the State Statistics Service of Ukraine, Ukraine’s negative balance in the foreign trade of goods for the first four months of the year increased by 3,800%, compared to the same pe... #UkraineExport #UkraineForeignTrade #UkraineImport
