Page 52 - UKRRptDec23

5.0 External Sector & Trade 5.1 External sector overview
During the three quarters of 2023, the foreign trade deficit in Ukraine increased by 220%. The negative balance of Ukraine's foreign trade in January-September increased by more than three times compared to the same period last year, to $19.4bn from $6.03bn, the State Statistics Service reported. Exports decreased by 17.8% to $27.15bn, while imports increased by 19.2% to $46.55bn.
Ukraine's exports exceed imports by $22.4B. Ukraine's trade turnover for January-October 2023 is $82B, the State Customs Service reported. During this period, Ukraine imported goods worth $52.2B and exported $29.8B. At the same time, taxed imports amounted to $43.4B, 83% of the total volume of imported goods. The countries with the most imported goods were China with $8.4B, Poland with $5.5B, and Germany with $4.1B. Ukraine exported the most to Poland - $4.1B, Romania $3.3B, and Turkey $2B. In the total volume of goods imported in January-October, the following categories accounted for 65% of the total: machines, equipment, and transport - $16B, chemical industry products - $9.3B, and fuel and energy products - $8.7B. The three most exported goods from Ukraine included food products - $17.7B, metals and products from them - $3.3B, and machines, equipment, and transport - $2.5B.
52 UKRAINE Country Report December 2023 www.intellinews.com