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Ukrainian export to EU down by 25% in last year - Ministry of Economic Development and Trade

Ukrainian export to EU down by 25% in last year - Ministry of Economic Development and TradeExport of Ukrainian goods and services to the EU shrank by 25% in 2015, to $15.3 billion, according to the Ukrainian Ministry of Economic Development and Trade.

At this, export of services declined by 28.4%, while export of goods was down by 23.4%.

Export of services accounted for 14.8% of total export volumes to Europe in 2015, while export of goods made up 85.2% of total volumes.

The surplus of Ukraine's foreign trade in goods in 2015 amounted to $632.5 million as compared to a deficit of UAH 527 million in 2014.

Read also: Ukraine's economy ministry estimates GDP decline in 2015 at 10%

Goods exports from Ukraine in 2015 decreased by 29.3% to $38.135 billion, while goods imports into Ukraine were 31.1% down, to $37.502 billion. The export-import coverage ratio was 1.02 (against 0.99 in 2014). Foreign trade transactions were carried out with trade partners from 217 countries.

Goods exports to the Russian Federation accounted for 12.7% of total export volumes, exports to Turkey stood at 7.3%. Exports of goods to China accounted for 6.3% of total volumes, exports to Egypt – 5.5%, exports to Italy – 5.2%, exports to Poland – 5.2 %, exports to India – 3.8% and exports to Germany – 3.5%.
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