Imports over 11 months down by almost 11%, exports – by 3.5%

Imports of goods to Ukraine over the 11 months of 2020 amounted to $48.4 billion, which is 10.8%, or $5.9 billion, below the figure reported in the same period of 2019, while exports of Ukrainian goods decreased by 3.5 %, or by $1.6 billion, to $44.3 billion.

That's according to the State Customs Service of Ukraine.

The agency reports trade turnover for January-November 2020 at $92.7 billion, while noting the negative balance of $4 billion between exports and imports.

"The largest importers into Ukraine are China with $7.4 billion, Germany with $4.6 billion, and Russia with $4.1 billion. Total exports to China stood at $6.3 billion, to Poland – at $3 billion, and to Russia – at $2.5 billion," says the report.

The press service says the three major export staples are grain ($8.5 billion), ferrous metals ($7 billion), and sunflower oil ($5.2 billion).

Read alsoGas imports to be minimizedUkraine's largest imports included mineral fuels, crude oil and petroleum products – worth $7.2 billion, machinery, equipment, and mechanical devices – worth $5.4 billion, and ground transport vehicles – worth $4.9 billion.

Background

Imports of goods to Ukraine over the 10 months of 2020 were worth $43.03 billion, which is 12%, or $6.01 billion, down on year.

Exports amounted to $39.64 billion, which is 5%, or $2 billion, below the figure recorded in the same period last year.