Page 37 - UKRRptFeb19

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
Ukraine’s foreign trade grew by 12% last year, hitting $104bn, reports the State Fiscal Service.
Exports were up 9% to $47.3bn . Imports were up 15% to $56.8bn. Among exports, the leaders were: food – 39%; metals – 25%; and equipment –11.6%. Wage remittances from overseas labour – about $11bn – was not counted as an export.
The top three import categories were : machinery – 31%; energy – 24%; chemicals – 19%. Reflecting Ukraine’s trade diversification, the portion of trade with CIS countries fell by one third -- to 15% in 2018, from 23% in 2017.
Trade turnover between Ukraine and China topped to $8.82bn in January-November 2018 , which is $1.1bn more than in 2017, Ukraine's First Vice Prime Minister and Economic Development and Trade Minister Stepan Kubiv said on January 25. “China is a strategic partner of Ukraine, and mutual trade is constantly growing. For 11 months of 2018, Ukraine’s trade with China
37 UKRAINE Country Report February 2019 www.intellinews.com