Trade between Ukraine and China in 2020 increased by 20.5%, to $15.4 billion. That’s including the exports that doubled to $7.1 billion, according to the Deputy Minister of Economy, Ukraine’s Trade Representative Taras Kachka who spoke with China Ambassador Fan Xianrong.
“China is Ukraine’s key trade partner in the Asian region. Over 2020, trade turnover between our countries increased by 20.5%, up to $15.4 billion, including exports that doubled up to $7.1 billion. Half of Ukrainian exports to China are agricultural products, and we are interested in further increasing trade supplies and expanding commodity positions,” the ministry press service quoted Kachka as saying.
The parties discussed progress of Ukraine-China cooperation in the fields of trade, investment and agriculture. The priorities were also designated of bilateral cooperation for 2021, including as regards the prospects for holding meetings of bilateral bodies on sectoral cooperation.
The parties also focused on topical issues of expanding access of Ukrainian agri-foods to the Chinese market.
In January-February, mutual trade between Ukraine and China amounted to $2.494 billion (+18.4%), exports – to $1.093 billion (+43.8%) and imports – to $1.401 billion (+4.1%).
The share of agri-food products in the total structure of Ukrainian exports to China stood at 53.1% ($579.8 million). (UNIAN/Business World Magazine)