From January to September 2024, Ukraine's total trade turnover amounted to $81.9 billion, according to the State Customs Service. Imports accounted for $51.2 billion, while exports totaled $30.7 billion.
Import Details
- Taxed Imports: $42.5 billion (83% of total imports)
- Top Import Partners:
- China: $10.3 billion
- Poland: $5 billion
- Germany: $3.9 billion
- Main Imported Goods (65% of total imports):
- Machines, Equipment, and Transport: $17.7 billion
- Chemical Industry Products: $8.8 billion
- Fuel and Energy: $6.8 billion
Export Details
- Top Export Destinations:
- Poland: $3.6 billion
- Spain: $2.1 billion
- Germany: $2.1 billion
- Main Exported Goods:
- Food Products: $17.9 billion
- Metals and Metal Products: $3.4 billion
- Machines, Equipment, and Transport: $2.5 billion
Economic Indicators
- Export Duty Contributions: 217.9 million hryvnias were paid to the budget during customs clearance of exports subject to export duty in the nine months of 2024.
- Increase in Export Volume: Ukrainian exporters increased the physical volume of sales by 36.2% compared to the same period in 2023.
Analysis
The data reflects a robust economic performance for Ukraine in the first nine months of 2024:
- Trade Balance: While imports exceed exports, the substantial export growth indicates strengthening external demand for Ukrainian goods.
- Export Growth: A 36.2% increase in the physical volume of exports showcases the competitiveness of Ukrainian products in international markets.
- Key Sectors:
- Agriculture: Food products lead exports with $17.9 billion, underscoring Ukraine's role as a significant global food supplier.
- Industrial Goods: The export of metals and machinery highlights the importance of industrial sectors to the economy.
- Import Composition: The dominance of machinery, chemical products, and energy in imports suggests ongoing industrial development and consumer demand.
Conclusion
Ukraine's trade activity in 2024 demonstrates economic resilience and growth, despite global challenges. The increase in both import and export volumes signifies active participation in international trade and potential for continued economic expansion.
