Ukraine sees increase in exports and imports of goods

In January-August 2018, the exports of goods from Ukraine increased by 12.4%, while imports grew by 16.1% compared with the same period last year.

"In January-August 2018, the exports of goods totaled $30.910.5 million or 112.4% compared with January-August 2017, while imports totaled $35.914.6 million or 116.1%," the State Statistics Service of Ukraine reports.

It is noted that the foreign trade operations during this period were carried out with partners from 215 world countries.

In January-August 2018, the highest shares of exports from Ukraine were shipped to the Russian Federation (worth $2.45 billion or 7.9% of total exports), Poland ($2.16 billion or 7.0%) and Italy ($1.8 billion or 5.9%).

The top exports of Ukraine for January-August 2018 were ferrous metals (to the tune of $7.0 billion or 22.7% of total exports), grains ($ 4.2 billion or 13.6%), machinery, equipment and mechanisms ($3.09 billion or 10%).

The largest volumes of imported goods were delivered to Ukraine from the Russian Federation ($5.09 billion or 14.2% of total imports), China ($4.5 billion or 12.6%) and Germany ($3.99 billion or 11.1%).

The top imports of Ukraine for January-August 2018 were mineral fuels; oil and oil refining products ($8.2 billion or 22.9% of total imports), machinery, equipment and mechanisms ($7.3 billion or 20.4%), products of chemical and related industries ($4.7 billion or 13%).

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