Page 29 - UKRRptOct19

5.2.1 ​Import/export dynamics
External 2007 2008 2009 2010 2011 2012 2013 2014 balance
2015 2016
2017 2018 E F
Exports (US$bn) 61.4 82.5 52.1 65.6 83.7 86.5 81.7 65.4 47.6 44.9 60.2 60.8
Imports (US$bn) 69.5 96.8 54 69.6 93.8 100.9 97.4 70 49 50.3 54.6 57.2
Trade balance -8.1 -14.4 -2 -4 -10.1 -14.3 -15.6 -4.6 -1.5 -2.9 -5.3 -6.4 (US$bn)
Trade balance -5.7 -7.8 -1.7 -2.9 -6.2 -8.2 -8.7 -3.5 -1.6 -5.8 -4.4 -5.9 (% of GDP)
Source: ICU
China has become Ukraine’s largest trading partner in the first quarter of the year pushing Russia into second place​, the National Bank of Ukraine reported on September 25. The volume of trade between countries reached $2.55bn, comprised mainly of $1.93bn import from China. China’s total share in Ukraine’s overall foreign trade for this period reached 10.6%, leaving behind Russia with 9.7%, Germany with 6.9%, and Poland with 6.1%.
During the first half of this year, China displaced Russia to become the largest source of imports for Ukraine, accounting for 13.9%. During the half-year, China ranked a close third as a destination for Ukraine’s exports. The ranking was: Poland – 6.9%; Russia -- 6.5%; and China – 6.4%.
29​ UKRAINE Country Report​ October 2019 ​ ​www.intellinews.com