Europe Strengthen Trade Ties with Ukraine

by Roman Cheplyk
Thursday, November 25, 2021

In 2021, Ukraine doubled its trade balance, increasing exports of goods and services by about 32.2%

During the 3rd quarter, exports of goods and services amounted to $56.1 billion, imports — $55.7 billion.

Also during the year, imports and exports of goods to Europe grew by 27 and 50 percent, from $14.7 billion dollars to $21.8 billion.

The balance sheet surplus rose from $226.6 million to $443.2 million in the first three quarters of last year. The trade deficit remains in deficit at almost $2 billion.

For comparison, in the middle of 2021, the positive balance was slightly lower – $413.6 million.

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