Ukraine-Brazil trade grows by 21.5% in 2019

“In 2019, bilateral trade with Brazil increased by 21.5% and amounted to USD 300 million. Ukrainian exports grew by almost 65%, and Brazilian imports – by 11.8%,” Ukraine’s Ambassador to Brazil Rostyslav Tronenko said in an interview with Ukrinform.

According to him, Ukrainian enterprises exported medicines, in particular insulin, products of metallurgical, flour and cereal industries, and textile materials to Brazil. Brazilian exports to Ukraine included tobacco products, surface transport, except rail, ferrous metals, food, pharmaceuticals, and coffee.

“Of course, the 2020 pandemic will have a negative impact on foreign trade with Brazil. Overall, there is potential for increasing our exports to Brazil, including metallurgical products and steel pipes, car tires, mineral fertilizers, and pharmaceutical products, which we are working on,” the ambassador said.

As reported, in October 2019, President of Ukraine Volodymyr Zelensky met with President of Brazil Jair Bolsonaro in Tokyo and discussed the possibility of increasing trade between the countries and cooperation in the space industry.

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