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Trade turnover between Ukraine and the European Union in the first quarter of 2017 increased by 21.6%, the press service of the Ministry of Economic Development and Trade reported.
The growth of Ukrainian exports to the EU in this period amounted to 24.5%, while imports from the EU increased by 19.2%.
It is also reported that in January-April this year, the export of Ukrainian finished products to Europe increased by $411 million compared to the same period last year. In the commodity structure of exports of finished products, flat rolled carbon steel is the leader (up $68.9 million), insulated wires and cables (up $39.7 million), electric water heaters ($36.3 million) and sunflower cake (by $33.8 million).
Read alsoUkraine initiates consultations on setting up FTA with UK – PM GroysmanIn addition, Ukraine began to supply 39 new commodity items to Europe, which in January-April brought an additional $1 million worth of exports. At the same time, 60.2% of the exports of new commodity items were self-propelled bulldozers, excavators, and pipes.
"The government considers the Association Agreement with the EU as a beacon of our strategic reform, and has a clear consistent plan of concrete steps that we must take to maximize opportunities of the free trade with the European Union," Ukraine's Trade Representative Natalia Mikolskaya said in a comment.
Read alsoUkraine, Georgia expect to double tradeAs UNIAN reported earlier, Ukraine’s deficit of foreign trade in goods in January-April 2017 amounted to $887.9 million, which is 4.5% lower than the deficit for the same period last year at $929.6 million. Exports of goods from Ukraine for this period increased by 26.8%, and imports - by 24.3%.