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5.0 External Sector & Trade 5.1 External sector overview
Ukraine’s exports reached $24.5bn for the first five months of 2021, a 25% jump compared to the same period last year, according to the State Customs Service.
Prime Minister Denys Shmyhal called it an “export boom” on his Facebook and forecasted that it would grow to at least $15bn more over the next three years.
This year, Ukraine added five more countries to its 211-trade partner list, which has contributed to “such a good result,” according to Shmyhal.
The European Union is a top trading partner for Ukraine — nearly 40% of the country’s exports end up there.
The most intensive growth, almost by 50%, of this year’s exports was with four other countries: China, the United States, Turkey and the United Kingdom. Trade with the UK grew mainly due to Brexit, the UK’s recent withdrawal from the EU.
Since the UK started to sign trade agreements with many countries, “Ukraine took advantage of it,” said Anatoliy Amelin, director of economic programs at
28 UKRAINE Country Report July 2021 www.intellinews.com