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).

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