Ukraine’s imports of services decreased by 25% in 2020

Ukraine’s imports of services decreased by 25% in 2020

Ukrinform
In 2020, Ukraine’s imports of services decreased by 25.0% up to $5.21 billion dollars compared with 2019, while exports reduced by 28.5% up to $11.17 billion, according to the State Statistics Service.

Exports of services from Ukraine amounted to $1.17 billion in 2020, which is 28.5% less than in 2019. Imports of services to Ukraine last year amounted to $5.21 billion, down 25.0% from 2019. Accordingly, the balance of foreign trade in services in 2020 was positive and amounted to $5.96 billion (in 2019, the balance was also positive and amounted to $8.69 billion). In January-June 2020, foreign trade operations were conducted with partners from 220 countries.

In 2020, Ukraine exported services mostly to the Russian Federation ($2.62 billion; down 57.8% from 2019), the United States ($1.39 billion; up 7.8%) and Switzerland ($732.0 million; down 25.8%).

In foreign markets in 2020, Ukraine mostly sold transport services (for $4.88 billion; down 46.4% from 2019), telecommunications services, computer and information services ($2.91 billion; up 13.0%), material resources processing services ($1.35 billion; down 17.9%).

As to the imports in 2020, Ukraine imported services mostly from the United Kingdom ($467.5 million; down 23.5% from 2019), the United States ($454.3 million; down 9.5%) and Turkey ($ 426.0 million; down 24.9%).

Ukraine’s major imports of services in 2020 include transport services ($1.01 billion; down 35.0% from 2019), business services ($973.0 million; down 28.4%), state and government services ($737.5 million; down 19.1%).

As reported by Ukrinform, according to the State Statistics Service, exports of services from Ukraine amounted to $15.24 billion in 2019 (up 30.9% from 2018), imports - $6.53 billion (up 3.5% from 2018).

iy

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-