The surplus of Ukraine’s foreign trade increased by 28% / fdlx.com
Nevertheless, the Russian Federation remains Ukraine’s largest trade partner of Ukraine, with 12.8% of exports and 20% of imports.
The trade turnover between Ukraine and the Russian Federation dropped more than twofold in the first 9 months of 2015, according to the State Statistics Service of Ukraine.
According to the State Statistics Service, exports of Ukrainian goods to Russia fell by 55.6%, down to $3.6 billion, compared to $8.1 billion year-over-year. Imports of goods from Russia decreased by 47.9%, down to $5.5 billion.
However, Russia remains Ukraine’s largest trading partner. It has a 12.8% share in Ukraine’s exports and provides 20% of the country’s imports. The next most important export market for the Ukraine is Turkey - 7.3% of exports and import markets - China and Germany, which accounted for 10.9% and 9.8%, respectively.
Read alsoUkraine-EU DCFTA to take effect Jan 1, 2016The data of the State Statistics also show that the imports of Russian goods in 3Q 2015 was 1.5 times higher than Ukraine’s export to Russia.
As UNIAN reported earlier, the overall surplus of foreign trade in Ukraine in January-September, 2015, amounted to $737 million, which is 27.7% more than in the same period last year.
Exports of goods to the EU countries in January-September 2015 decreased by 32.9%, down to $9.246 billion yoy, amounting to 32.9% of total exports. Imports of goods from the EU member states decreased by 28.2% in this period, down to $11.148 billion, or 40.7% of total imports.