Ukraine’s Trade Turnover Exceeds $60 Billion in First Seven Months of 2024

by Cheplyk Roman
Friday, August 9, 2024
2 MIN
Ukraine’s Trade Turnover Exceeds $60 Billion in First Seven Months of 2024

Ukraine’s trade turnover for the period from January to July 2024 reached over $60 billion, according to the State Customs Service

The country imported goods worth $39.1 billion and exported $22.6 billion during this period.

Key Highlights:

Import and Export Overview

  • Imports: Taxed imports made up $32.9 billion, accounting for 84% of the total imported goods.
  • Exports: Ukraine's export value amounted to $22.6 billion.

Top Trading Partners

  • Imports:
    • China: $7.7 billion
    • Poland: $4 billion
    • Germany: $3.1 billion
  • Exports:
    • Poland: $2.4 billion
    • Spain: $1.8 billion
    • China: $1.8 billion

Breakdown of Imported Goods

The categories of goods that dominated imports during this period include:

  • Machines, equipment, and transport: $13.4 billion
  • Chemical industry products: $6.9 billion
  • Fuel and energy products: $5.1 billion

These categories accounted for 65% of the total volume of imported goods.

Leading Exported Goods

The most significant exports from Ukraine were:

  • Food products: $14.1 billion
  • Metals and metal products: $2.5 billion
  • Mineral products: $2 billion

Customs Revenue

During the customs clearance of goods subject to export duty, 168.1 million hryvnias were paid to the budget over the first seven months of 2024.

Conclusion

Ukraine's trade activities during the first seven months of 2024 demonstrate a robust exchange of goods, with a significant portion of imports coming from China, Poland, and Germany, while exports primarily went to Poland, Spain, and China. The substantial contribution of food products to Ukraine's exports highlights the importance of agriculture in the country's economy, while machinery, equipment, and transport dominate the import sector.

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