Exports of goods from Ukraine to EU down 16% in nine months

Exports of goods from Ukraine to EU down 16% in nine months

Ukrinform
Exports of goods from Ukraine to the European Union shrank by 16.3% in January-September 2020 year-over-year, to $13.06 billion, whereas imports from the EU decreased by 10.5%, to $16.44 billion, Ukraine's State Statistics Service has reported.

The deficit of Ukraine's foreign trade with the EU countries over this period amounted to $3.38 billion.

In the first nine months of this year, Ukraine exported the most goods to the following EU countries: to Poland for $2.33 billion (8% less than in January-September 2019), to Germany for $1.48 billion (down 17%), and to Italy for $1.33 billion (down 26.7%).

In January-September 2020, Ukraine mostly sold to the EU countries the machinery and equipment (for $1.92 billion; 9.3% less than in the same period of 2019), ferrous metals (for $1.81 billion; down 26.6%), animal fats and vegetable oils (for $1.34 billion; up 23.7%).

In the first nine months of 2020, Ukraine imported the most goods from the following EU countries: Germany (for $3.88 billion; 14.6% less than in the same period of 2019), Poland (for $2.87 billion; down 4.4%) and Italy (for $1.4 billion; down 3.6%).

The main commodity positions of Ukrainian imports from the EU in January-September 2020 were machinery and equipment (worth $3.55 billion; 11.1% less than in the same period of 2019), vehicles (worth $1.93 billion; down 22.4%), ready-made food products (worth $1.3 billion; up 15.3%).

According to the State Statistics Service, exports of goods from Ukraine to the EU in 2019 amounted to $20.75 billion (2.9% more than in 2018), whereas imports from the EU countries amounted to $25.01 billion (up 7.7%).

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