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Bulletin of Ukraine – EU trade relations, 2022
28.02.2023 | 18:11

The European Union is Ukraine's main trading partner. According to the results of 2022, the share of trade in goods and services with the EU amounted to 53.6% of total trade in Ukraine (according to the results of 2021 – 39.1%).

GOODS AND SERVICES[1]

Total Trade          2021: $ 62.5 billion (↑35.0%).

Turnover              2022: $ 59.3 billion (5.2%).

Exports                2021: $ 30.3 billion (↑45.5%).

          2022: $ 30.6 billion (↑1.1%).

Imports                 2021: $ 32.3 billion (↑26.4%).

          2022: $ 28.7 billion (↓11.1%).

Balance                2021: - $ 2.0 billion.

          2022: $ 1.8 billion.

GOODS

Total Trade          2021: $ 55.7 billion (↑35.8%).

Turnover              2022: $ 54.9 billion (↓1.5%).

Exports       2021: $ 26.8 billion (↑49.4%):

Ferrous metals – 20.3% (↑126.8);

Ores and slags – 11.2% (↓107.6%);

Electric machines – 9.6% (↑20.3%);

Fats and oils – 8.8% (↑35.3%);

Cereals – 7.2% (↑16.3%);

Oil seeds and fruits – 5.5% (↑29.2%);

Wood and articles of wood – 5.4% (↑46.4%);

Furniture – 3.3% (↑41.1%).

2022: $ 27.9 billion (↑4.1%):

Cereals – 16.8% (↑141.7%);

Fats and oils – 11.0% (↑29.4%);

Oil seeds and fruits – 10.4% (↑96.5%);

Ferrous metals – 10.0% (↓48.7%);

Ores and slags – 8.5% (↓21.0%);

Electric machines – 8.3% (↓10.0%);

Wood and articles of wood – 5.8% (↑13.2%);

Energy materials – 3.3% (↑59.5%).

Imports       2021: $ 29.0 billion (↑25.2%):

Nuclear reactors, boilers, machines – 13.3% (↑28.2%);

Ground transport facilities excluding railway – 11.3% (↑28.3%);

Energy materials – 11.0% (↑58.3%);

Electric machines – 7.0% (↑3.8%);

Pharmaceutical products – 7.0% (↑17.6%);

Plastics and polymeric materials – 6.2% (↑36.0%);

Other chemical products – 2.8% (↑10.1%);

Paper, paperboard – 2.4% (↑20.5%). 

2022: $ 27.0 billion (↓6.7%):

Energy materials – 24.0% (↑103.7%);

Ground transport facilities excluding railway – 10.8% (↓10.5%);

Nuclear reactors, boilers, machines – 7.1% (↓50.1%);

Others – 6.7% (↑2532.7%);

Electric machines – 5.6% (↓25.4%);

Plastics and polymeric materials – 5.0% (↓24.2%);

Pharmaceutical products – 4.8% (↓35.9%);

Other chemical products – 2.4% (↓20.2%).

Balance      2021: - $ 2.2 billion.

          2022: $ 0.9 billion.

SERVICES

Total Trade         2021: $ 7.7 billion (↑24.4%).

Turnover            2022: $ 5.1 billion (↓33.5%).

Exports              2021: $ 4.4 billion (↑15.6%):

   Telecommunications services – 29.8% (↑24.0%);

Transport services – 26.1% (↑13.8%);

Services for processing of material resources – 29.1% (↓1.1%);

Business services – 13.8% (↑22.1%);

Services for insurance – 2.3% (↑271.7%).

2022: $ 3.4 billion (↓22.3%).

Telecommunications services – 34.2% (↓10.8%);

Transport services – 24.5% (↓27.1%);

Services for processing of material resources – 22.3% (↓20.9%);

Business services – 13.2% (↓26.0%);

Financial services – 2.8% (↑90.2%).

Imports       2021: $ 3.3 billion (↑38.5%).

Transport services – 25.4% (↑59.8%);

Business services – 19.2% (↑29.9%);

Travel related services – 15.6% (↑111.6%);

Telecommunications services – 12.3% (↑22.7%);

Royalties and other IPR – 12.0% (↑29.2%).

2022: $ 1.7 billion (↓48.5%).

Transport services – 40.1% (↓18.6%);

Business services – 17.8% (↓52.2%);

Telecommunications services – 13.5% (↓43.4%);

Royalties and other IPR – 9.9% (57.6%);

Financial services – 7.3% (↓45.4%).

Balance      2021: $ 1.1 billion.

          2022: $ 1.7 billion.

 

[1] To avoid double-counting, the total volume of goods and services is calculated by the formula: total (goods and services) = goods + services - the cost of services for processing goods for sale abroad.

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