Ukraine-EU trade and economic cooperation
According to the statistical data of the State Statistics Service of Ukraine the European Union kept its position as the key trading partner of Ukraine in 2018 with a share of 41.1% of the total trade volume of Ukraine.
During 2018, the total volume of trade in goods and services between Ukraine and the EU amounted to 49 317.1 mln.USD. Ukrainian exports to the EU countries amounted to 23,032 mln.USD, exceeding the previous year volumes by 14.3%. Imports from the EU countries in 2018 amounted to 26 285.1 mln.USD, which is 12.7% more than during the previous year. In bilateral trade, a negative balance of $ 3,253.1 mln.USD remained.
Ukraine – EU trade in goods and services in 2018
|
|
2017 (mln.USD) |
2018 (mln.USD) |
2018/2017 |
|
|
(mln.USD) |
% |
|||
|
Turnover |
43 487.8 |
49 317.1 |
5 829.3 |
113.4 |
|
Exports to the EU |
20 157.6 |
23 032.0 |
2 874.4 |
114.3 |
|
Imports from the EU |
23 330.2 |
26 285.1 |
2 954.9 |
112.7 |
|
Trade balance |
-3 172.6 |
-3 253.1 |
-80.5 |
102.5 |
The largest trade partners of Ukraine among the EU countries in 2018 were: Germany (18.1%), Poland (14.7%), Italy (9.8%), Hungary (6.1%), the Netherlands (5.5 %), Great Britain (5.1%) and France (4.6%).
The main importers of Ukrainian products during this period were: Poland (14.9%), Italy (11.9%), Germany (11.3%), the Netherlands (7.8%), Hungary (7.4%), Spain (6.2%) and Great Britain (4.9%).
In terms of exports from the EU to Ukraine, the leaders were Germany (24.2%), Poland (14.5%), Italy (7.9%), France (6.1%), Great Britain (5.3%), Hungary (5.0%), the Czech Republic (4.1%) and the Netherlands (3.5%).
Ukraine – EU trade in goods
The volume of trade in goods between Ukraine and the EU in 2018 increased by 13.1% and amounted to 43 341.3 mln.USD. The exports of goods amounted to 20 158.5 mln.USD (15% increase), and imports accounted for 23 182.8 mln.USD (11.5% increase).
Ukraine – EU trade in goods in 2018
|
|
2017 (mln.USD) |
2018 (mln.USD) |
2018/2017 |
|
|
(mln.USD) |
% |
|||
|
Turnover |
38 332.8 |
43 341.3 |
5 008.5 |
113.1 |
|
Exports to the EU |
17 533.4 |
20 158.5 |
2 625.1 |
115.0 |
|
Imports from the EU |
20 799.4 |
23 182.8 |
2 383.4 |
111.5 |
|
Trade balance |
-3 266.0 |
-3 024.3 |
241.7 |
92.6 |
Key product categories of Ukrainian exports to the EU were:
- ferrous metals (18,4% in exports to the EU);
- electric machines and equipment (11,8%);
- cereals (11,0%);
- ores, slags and ash (9,0%);
- seeds and fruits of oilseeds (5,8%);
- fats and oils of animal or vegetable origin (5,7%);
- wood and wood products (5,2%).
Key product categories of imports from the EU to Ukraine were:
- boilers, machines and mechanical devices (13,9% n imports from the EU);
- fuels, oil and products of its distillation (13,7%);
- means of land transport (9,6%);
- electric machines and equipment (8,2%);
- pharmaceutical products (6,1%);
- plastics, polymer materials (6,0%).
Ukraine – EU trade in services
The volume of trade in services between Ukraine and the EU in 2018 increased by 17% and amounted to 7 004.8 mln.USD. During this period, the volume of exports of Ukrainian services to EU member states amounted to 3,900.2 mln.USD. (13% increase). At the same time, the volume of imports of services from the EU amounted to 3 104.6 mln.USD (22.6% increase). The trade balance remained positive and accounted for 795.6 mln.USD.
Ukraine – EU trade in services in 2018
|
|
2017 (mln.USD) |
2018 (mln.USD) |
2018/2017 |
|
|
(mln.USD) |
% |
|||
|
Turnover |
5 985.2 |
7 004.8 |
1 019.6 |
117.0 |
|
Exports to the EU |
3 452.7 |
3 900.2 |
447.5 |
113.0 |
|
Imports from the EU |
2 532.5 |
3 104.6 |
572.1 |
122.6 |
|
Trade balance |
920.2 |
795.6 |
-124.6 |
86.5 |