Page 38 - UKRRptJul19

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
During the first four months of this year, Ukraine’s agricultural exports increased by 19% to $7.1bn. Sales were up $1.1bn from January-April of last year. With farm products the nation’s top export item, the main destinations were: Asia – 42%; EU 33.5%; Africa – 16%; and former Soviet Union – 7%.
Grain exports through Ukraine’s ports have grown by 45% since 2012,
Andrew Shklyar, head of CTS-Consulting said last week at the Ukrainian Ports Forum. “Over the past five years, grain is the only type of cargo that has been growing annually,” he said in Odesa. “The volume of grain shipments since 2012 has increased from 27.5mn tons to 40mn tons in 2018. Grains make up almost a third turnover of Ukrainian ports.”
38 UKRAINE Country Report July 2019 www.intellinews.com