Some 154 new commodity items have been added to the list of exports to Canada, including special vehicles for $3 million, copper bars and profiles for $2.9 million and turbojets for $1 million, Deputy Minister of Economic Development and Trade, Ukraine’s trade representative Natalia Mykolska has reported.
“The largest growth was in non-raw materials. The rise concerns such positions as devices on rare crystals, sound electrical equipment, flour, equipment for processing rubber and plastic, equipment using X-rays, printing equipment. As for agricultural products, they include juice, honey, and sunflower oil. That means that positions with high added value are growing,” she said.
She added in monetary terms the new 154 export positions make up $10.2 million in total exports. In general, for the eight months exports of goods to Canada increased by 70.9%, or by $12.9 million compared to January-August 2016, to $31.2 million. Canadian Ambassador to Ukraine Roman Waschuk noted exports in the new niche segments are growing most significantly, and in some of them the growth reaches 500% to 8,000%.
“Such figures mean that the new niches, previously unoccupied, are being occupied. The matter concerns energy equipment and agricultural machinery. Experience shows the increase in exports occurs initially at the expense of filling new niches and only then moves to the expansion of already existing export sectors,” he said.
