EU–Ukraine trade relations
Increase In Eu Trade With Ukraine In 2017
Ukraine is the 25th EU trading partner after Thailand and before Israel, accounting for slightly less than 1% of total extra-EU trade in goods in 2017.
After a significant decrease in 2009 following the peak of €25.2 bn registered in 2008, the value of EU exports of goods to Ukraine recovered until 2013. It then fell again to €14.0 bn in 2015, before growing again in 2016 to €16.6 bn, and last year to €20.2 bn.
Imports also recovered after 2009 to reach a peak of €15.2 bn in 2011, and then slightly decreased over the following years to €12.8 bn in 2015. Also imports rose again in 2016 to €13.2 bn year, and more visibly last year to €16.7 bn.
Machinery And Transport Equipment Contribute Most To Eu Trade In Goods With Ukraine
In 2017, the EU exported 7.6 billion worth of machinery and transport equipment to Ukraine, accounting for over one third of total exports (37%), followed by other manufactured goods (4.6 bn or 23%) and chemicals (4.0bn or 20%).
At the same time, EU imported 5.3 billion of other manufactured goods from Ukraine representing almost a third of total imports (32%), followed by raw materials (4.6 bn or 27%), and food & drinks (3.0 bn or 18%).
Germany And Poland Largest Eu Traders With Ukraine
Among the EU Member States, Germany (€4.4 bn or 22% of EU exports of goods to Ukraine) and Poland (€4.3 bn or 21%) were by far the largest exporters to Ukraine in 2017, followed by Hungary (€2.1 bn or 10%), Italy (€1.4 bn or 7%) and the Czech Republic (€1.1 bn or 5%).
Italy (€2.5 bn or 15% of EU imports of goods from Ukraine) and Poland (€2.1 bn or 13%) were the largest importers from Ukraine in 2017, ahead of Germany (€1.7 bn or 10%), Hungary (€1.6 bn or 10%),and the Netherlands (€1.5 bn or 9%).
Fifteen EU Member States recorded a surplus in trade with Ukraine in 2017, with Germany (+€2.7 bn) and Poland (+€2.1 bn) continuing to have the largest surplus. In contrast, the largest deficits were observed in Italy (-€1.1 bn), Spain (-€0.9 bn) and the Netherlands (-€0.6 bn).
UKRAINE’S IMPORT AND EXPORT STATISTICS IN FASTENERS DURING 2017
In recent years, the production of fasteners in Ukraine has been increased. Although the number of companies engaged in machinery investment in the production of special products are still in small number, this number is expected to increase. Ukraine will use its advantage to produce its own raw materials in the future.
When we look at the statistical data of the countries where Ukraine is importing during the year 2017, China is obviously at the top with 47,788 tons, especially in the standard fasteners.
Taiwan, which is also a Far East country, is the second with 2,548 tons, Russia is the third with 2,073 tons and Poland follows with 1,793 tons.
In Ukraine’s import of special custom fasteners, we can see that Germany leads with 864 tons for the year 2017. Turkey’s export of special fasteners are second with 604 tons and Italy follows with totally 513 tons.
Top 10 Supplying Countries in Fasteners imported by Ukraine during 2017
Ukraine’s imports represent 0.2% of world imports for fasteners(7318), its ranking in world imports is 54.
Top 10 Importing Countries in Fasteners exported by Ukraine during 2017
Ukraine’s exports represent 0.1% of world exports for fasteners (7318), its ranking in world exports is 50.
EU - UKRAINE
Ukraine: 22nd largest EU partner for exports in 2017 (1.1% of all extra-EU exports), after Taiwan
Ukraine: 24th largest EU partner for imports in 2017 (0.9% of all extra-EU imports), after Indonesia
EU total trade in goods with Ukraine up by 24% in 2017: exports +22% / imports +27%
EU trade in goods balance with Ukraine in 2017: surplus of €3.5 billion
Main EU exports to Ukraine: machinery and transport equipment (37%)
Main EU imports from Ukraine: manufactured goods (26%)
Highest surpluses with Ukraine for Germany (+€2.7 bn) and Poland (+€2.1 bn)
Largest deficits with Ukraine for Italy (-€1.1 bn) and Spain (-€0.9 bn)
Date : 26.11.2018