The Ukrainian Parliament calls on the EU to extend trade benefits for exports. The Verkhovna Rada adopted an appeal to the European Parliament, the EC, and the Council of the EU, along with the parliaments and governments of EU member states, urging them to extend trade benefits... #EUmarket #EuropeanIntegration #TradeLiberalization #UkraineExport #UkraineTrade #UkrainianParliament
Despite the insignificant impact of Trump’s tariffs on Ukraine, it is ready to zero out tariffs on American products and negotiate with the US. For Ukraine, the predominant negative consequence of the global trade war may be lower volumes of macro-financial assistance from European partners economically weakened by tariffs. In addition, Ukrai... #DonaldTrump #DutyTariff #ImportDuties #TarasKachka #UkraineEconomy #UkraineExport #UkraineImport #UkraineTrade
What does the updated trade agreement between Ukraine and EFTA entail? Ukraine has signed a modernized agreement with the European Free Trade Association (EFTA includes Iceland, Liechtenstein, Norway, and Switzerland), which features updated chapters on trade facilitatio... #EFTA #TradeAgreement #UkraineExport #UkraineTrade
Ukraine opened 16 new agricultural export markets last year; what was traded? Last year, the Ministry of Foreign Affairs and the State Service for Food and Consumer Protection helped Ukrainian agricultural producers open access to 16 new foreign markets. State officials note th... #Canada #China #ForeignMarket #UkraineEconomy #UkraineExport #UkraineTrade
Polish cement producers are demanding protection from Ukrainian imports. In 2020, supplies of Ukrainian cement to Poland amounted to 32,000 tons, in 2021 – 52,600 tons, in 2022 – 101,700 tons, in 2023 – up to 340,000 tons. This year, imports from Ukraine are expected to re... #CementProduction #Poland #UkraineCement #UkraineExport #UkraineTrade
In October, Ukraine exported goods worth $3.8B, a record for the year. Last month, Ukraine exported goods worth more than $3.8B, 18.7% more than in September. This is the highest indicator for 2024 so far. Since the beginning of the year, the export of goods has reached ... #agroexportukraine #HoneyExport #UkraineEconomy #UkraineExport #UkraineTrade
Turkey expects an increase in bilateral trade volume with Ukraine after the entry into force of the Free Trade Agreement. One expert believes that with the Free Trade Agreement between Turkey and Ukraine going into effect, bilateral trade volume will increase from $6.1B in 2023 to $10B quickly, and logistical movements w... #ASSET_GLI #FreeTrade #investments #Turkey #UkraineTrade
Odesa remains Ukraine’s leading export gate, both at sea and on land. During a meeting of the Moldova-Romania-Ukraine Regional Customs Coordination Group on cargo flow optimization organized by EUBAM (the EU Border Assistance Mission to Moldova and Ukraine), the head of... #CustomsUkraine #Giurgiulesti #OdesaSeaport #UkraineExport #UkraineTrade
The free trade agreement between Ukraine and Turkey will contribute to attracting investment and reconstruction. The Ukrainian Ambassador to Turkey, Vasyl Bodnar, said that because of the free trade agreement with Turkey, Ukrainian manufacturers will have access to the Turkish market, which tends to be more clos... #FreeTradeAgreement #InvestmentsinUkraine #Turkey #UkraineEconomy #UkraineReconstruction #UkraineTrade #VasylBodnar
China plans to increase imports of Ukrainian agricultural products; Bosnia and Herzegovina will buy Ukrainian poultry. Soon, Kyiv and Beijing may agree to increase the volume of Ukrainian agricultural product imports to China, according to Zhenmin Wang Yiwei, a professor of international relations at the Peking People... #agroexportukraine #BosniaHerzegovina #China #UkraineExport #UkraineExportsPoultry #UkraineTrade
Ratification of the free trade agreement will quickly increase trade between Ukraine and Turkey by $2.5B per year. Ambassador of Ukraine to Turkey, Vasyl Bodnar, noted: “Turkey traditionally plays an important role in Ukraine’s foreign trade. In 2023, the total trade volume was approximately $7.5B. Aft... #ForeignInvestor #FreeTradeAgreement #Turkey #TurkishBusiness #UkraineTrade #VasylBodnar
The Ukrainian government predicts a reduction in the gap between exports and imports in the next three years. In 2025-2027, Ukraine is expected to accelerate the growth of its export of goods and services against moderate growth rates in imports. This should reduce the negative trade balance of goods and serv... #UkraineBudget #UkraineEconomy #UkraineExport #UkraineImport #UkraineTrade #Ukrainetradedeficit
In six months, Ukraine exported $19.5B of goods; volumes increased, but sales have yet to. Ukrainian exports for six months of the year amounted to $19.5B and are identical to the figure for the first half of 2023. Physical export volumes increased by 35% and totaled 71 million tons. Howeve... #TarasKachka #UkraineEconomy #UkraineExport #UkraineImport #UkraineTrade
Wholesale trade leaders increased their revenues by 17%. In 2023, the leading wholesale trade companies earned more than ₴535B, 17% more than the leaders in 2022. The Kernel Trade company leads the revenue list for the third year in a row despite a decrease... #DLSolution #FozzyGroup #Kernel #MetinvestSMC #okko #TedisUkraine #UkraineEconomy #UkraineTrade
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 is working on a free trade agreement with Turkey, which will abolish more than 90% of tariffs on industrial goods. The government has approved and submitted to the Ukrainian Parliament a draft law for the ratification of a free trade agreement between Ukraine and Turkey. The countries signed the agreement in Kyiv ... #FreeTradeAgreement #UkraineEconomy #UkraineTrade #UkraineTurkeyfreetrade
Ukrainian imports and exports: Here are the main trends for the year. From April 1 to 25, the volume of exported goods was 10.5% higher, and the import of goods was 25.2% higher, than in the same period last year, according to the Ministry of Economy. Ukraine increased ... #UkraineEconomy #UkraineExport #UkraineImport #UkraineTrade #Ukrainiangrain #Ukrainianmetallurgy
Falling prices had an even greater impact on the reduction of Ukrainian exports than the border blockade. The reduction of Ukrainian exports occurred not only due to the negative impact from the Polish border blockade. According to experts, the main blow to the growth of Ukrainian exports is the reduction... #agroexportukraine #BorderBlockade #UkraineExport #UkraineMaritimeCorridor #UkraineTrade #Ukrainetradedeficit
The European Parliament and the Council of EU have reached a preliminary agreement on continuing trade liberalization with Ukraine. Thus, import duties and quotas for the export of Ukrainian agricultural products to the EU will be suspended for another year, until June 5, 2025. However, in the event of a significant disruption to ... #agroexportukraine #EUCouncil #EuropeanParliament #TradeLiberalization #UkraineTrade
Ukraine feeds the world at too low a cost; export earnings in March amounted to $2B. In March, agricultural exports brought $1.318B in trade balance and $2B in export earnings. According to Infoindustry: “If we look at the average price of export products and the average price o... #agroexportukraine #AgroImportUkraine #FoodSecurity #UkraineTrade #UkraineTradeBalance
Under a new duty-free trade project with the EU, Ukraine risks losing more than €330M. The Council of the EU has updated the draft agreement that extends duty-free trade with Ukraine. In particular, the demands of Poland and France, supported by Italy, Austria, and Hungary, have been co... #agroexportukraine #FreeTradeAgreement #TradeAgreement #UkraineTrade
In February, Ukraine reduced the deficit in foreign trade in goods by $130M. In February, Ukraine exported $3.4B worth of goods, which is equal to January’s result and almost 2% more than in February last year. Compared to January, the import of goods decreased by 2.3% t... #ExportCorridors #UkraineEconomy #UkraineTrade #Ukrainetradedeficit #ВідвантаженнятоварівУкраїна
Ukraine’s goods turnover at the beginning of the year increased by 2%. Ukraine’s merchandise turnover reached $16.8B in the first two months of the year, 2% more than in the first two months of last year, reported the State Customs Service. During January-February ... #UkraineImports #UkraineTrade #UkraineTradeTurnover #ВідвантаженнятоварівУкраїна
The European Parliament supports a one-year extension of trade liberalization for Ukraine. On March 7, members of the Committee on International Trade of the European Parliament approved the continuation of trade liberalization measures to support Ukraine and Moldova. Accordingly, from June... #EuropeanParliament #FreeTrade #TradeAgreement #TradeLiberalization #UkraineTrade
Ukraine is ready for EU trade restrictions on the condition that imports from Russia stop. Ukraine is prepared to accept restrictions on trade with the EU to defuse a sharp political dispute with Poland. At the same time, Kyiv calls on the bloc to ban the import of Russian agricultural prod... #agroexportukraine #TarasKachka #TradeAgreement #TradeRestriction #UkraineTrade
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
Despite the border blockade, Poland remains Ukraine’s largest export partner. In January 2024, Ukraine exported the most goods to Poland ($334M), despite Polish farmers blocking the border. According to customs data, January’s top three export partners also included Spain... #BorderBlockade #UkraineImport #UkraineTrade #UkraineTradeTurnover #ВідвантаженнятоварівУкраїна
Ukraine will abolish customs duties on goods in the association agreement with the EU. The EC has already supported maintaining this status until June 2025, Prime Minister Denys Shmyhal said. “We not only expect the rapid approval of this initiative by all EU members but also cons... #CustomDutiesUkraine #DenysShmyhal #TradeAgreement #transportvisafree #UkraineTrade
Brussels will offer to continue preferential trade for Ukraine, but Poland is against it. Today, January 16, the European Commission will propose the extension of the suspension of tariffs and quotas on the import of Ukrainian products until June 2025, writes the FT. At the same time, Poli... #DmytroKuleba #DonaldTusk #TradeVisaFree #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
The NBU is considering additional taxation of non-critical imports. In response to the risk of reduced international support, through which a high foreign trade deficit is being financed during wartime conditions, it is worth considering the possibility of limiting no... #nbu #SerhiiNikolaychuk #UkraineBudget #UkraineImport #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 and Japan are increasing their trade volume and planning to cooperate in renewable energy. Trade between the countries averaged $1.5B per year. At the beginning of the full-scale invasion, trade volume decreased to half of the current indicator. Still, in 2023 it increased, approaching almo... #JapanandUkraine #RenewableEnergy #SerhiyKorsunskyi #UkraineEconomy #UkraineTrade
Visa-free transport given by the EU has increased Ukraine’s exports and imports by road by more than 40%. Ukrainian exports and imports to and from the EU increased by 47.5% and 44%, respectively, during the agreement on cargo transportation between Ukraine and the EU (transport visa-free), Minister of In... #OleksandrKubrakov #RoadTransportAgreements #transportvisafree #UkraineTrade #ВідвантаженнятоварівУкраїна
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
Which businesses in Ukraine have been most affected by the blockade of the Polish border? The European Business Association noted: “Among the EBA members, different businesses had a negative impact from the strike on their operations. These are retailers and heavy industry enterprise... #BorderBlockade #EBA #UkraineTrade #ukrainianbusiness #UkrainianEnterprises
Ukraine and the EU introduce alternative origin of goods rules. From December 1, 2023, alternative rules for determining the origin of goods will be introduced bilaterally between Ukraine and the EU. In particular, the agreement foresees the appearance of new term... #UkraineTrade #Ukrainiangoods #ВідвантаженнятоварівУкраїна
Ukraine is adapting trade protection legislation to comply with EU regulations, which will strengthen protection for its producers. The Cabinet of Ministers approved the drafts of three laws that adapt Ukrainian legislation in the field of trade protection to EU regulations. The first draft law, On Protective Measures, proposes a ... #ReformsinUkraine #UkraineImport #UkraineTrade #UkrainianEnterprises
Ukraine’s real GDP growth slowed to 6.5% in October. In September, this indicator was at 11.1%. The reason for the slowdown was the lower contribution from agriculture due to the higher statistical base in October last year, reported the Institute for E... #GDPinUkraine #UkraineEconomy #UkraineTrade
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
Ukrainian import volumes are twice as large as exports. According to the State Customs Service, $46.6B worth of goods were imported into Ukraine in the first nine months of the current year, and $27.1B were exported from Ukraine. Taxed imports during this ... #UkraineImport #UkraineTrade #UkraineTradeTurnover #ВідвантаженнятоварівУкраїна
Retail turnover in Ukraine grew by 7.3% in half a year. Retail trade turnover in Ukraine for January-June 2023 in comparative prices increased by 7.3% compared to the same period in 2022, the State Statistics Service reported. In June of this year, a 23.3... #RetailTradeTurnover #retailUkraine #UkraineTrade
The Russian Federation continues to block Ukrainian trade in the Black Sea. A Russian warship has forcibly stopped and inspected a civilian cargo ship bound for the port of Izmail as part of the Kremlin’s attempt to limit maritime transport to Ukrainian ports without an... #BlackSeaBlockage #MissileAttackOnUkraine #Odesa #RussianMilitaryShips #UkraineTrade
Ukraine does not need another grain agreement but a complete liberation of its seaports. Oleksandr Kalenkov, President of Ukrmetalurgprom, considers it expedient for Ukraine not to focus on concluding another grain agreement with the occupiers but instead to take steps toward the complete... #GrainAgreement #OleksandrKalenkov #SeaPortsUkraine #SeaPortsUnblockage #UkraineTrade
The European share of Ukraine’s trade is gradually increasing, and Scholz says that EU membership is possible only after the war. Ukraine is geographically located in the eurozone, so it is profitable, and the economy will continue to migrate there, noted First Deputy Head of the NBU Kateryna Rozhkova. “Our economy, if you... #AssociationwithEU #KaterynaRozhkova #OlafScholz #UkraineEUtrade #UkraineTrade
Ukrainian business giants will help their smaller counterparts to resume trade. Large Ukrainian companies have united to help restore domestic producers and sellers of goods affected by the war. These companies are OLX, lifecell, Webpromo, Visa, monobank, Ringostat, Nazovni, and ... #NAZOVNI #UkraineEconomy #UkraineTrade #ukrainianbusiness
In Ukraine, 95% of retail establishments have resumed operations. For comparison, in March 2022 about a third of stores were not open, the Retailer Association of Ukraine (RAU) recalled. It is noted that 15,873 of the 16,787 trading facilities that are members of th... #RAU #retailUkraine #UkraineTrade
The EU plans to continue its policy of fully promoting trade with Ukraine. The European Union, which after the start of Russia’s war against Ukraine introduced a most favorable regime for trade with Ukraine, plans to continue this policy from the beginning of 2023, sai... #EUUkrainefreetrade #UkraineTrade #ValdisDombrovskis
Since the beginning of the year, most Ukrainian exports have been directed to the EU. During January-October 2022, 63% of Ukrainian exports were directed to EU countries, many of them to the central and eastern regions, as reported by the Office for the Development of Entrepreneurship... #UkraineTrade #UkrainianExport #Ukrainiangoods
Exports of goods from Ukraine have fallen by 32% and imports by almost 24%. In October, Ukraine exported goods worth $3.8B and imported $4.6B. Compared to last year, exports of goods fell by 32.3% and imports by 23.9% during the same period. In January-October, the total vol... #TarasKachka #UkraineImport #UkraineTrade #UkrainianExports
