Home » Ukraine’s exports to EU grow by 26.5% in 1Q of 2018, trade turnover reaches $4 billion
Eastern Europe Monitoring Ukraine

Ukraine’s exports to EU grow by 26.5% in 1Q of 2018, trade turnover reaches $4 billion

Exports of goods from Ukraine to the European Union in the first quarter of 2018, compared with the same period in 2017, increased by 26.5%, totaling $4.058 billion.

The share of exports to EU in the overall volume of Ukrainian exports in the first quarter stood at 38.9%, the National Bank of Ukraine reported on its website.

Imports from the EU for the same period increased by 10.7%, amounting to $4.523 billion.

At the same time, the NBU says exports of goods to Russia in 1Q 2018 decreased by 11.5% y-o-y, to $709 million, while imports grew by 28.4%, to $1.9 billion.

As reported earlier, Ukraine’s balance of foreign trade in goods and services in January-March 2018 was reduced to a deficit of $1.691 billion, which 25.4% above the deficit recorded in January-March 2017 at $1.3 billion.

Source