In January, Ukraine’s trade turnover totaled $7.9 billion, down by 35% YoY.
“In January, Ukraine imported goods to the tune of $4.8 billion and exported goods to the tune of $3.1 billion. At the same time, taxed imports totaled $4 billion, accounting for 83% of the total volume of imported goods,” the State Customs Service informed.
According to the State Customs Service data, the major countries that Ukraine imported from were China ($910 million), Poland ($440 million), and Turkey ($424 million). Meanwhile, Ukraine exported most goods to Poland ($464 million), Romania ($285 million) and China ($284 million).
As for the total volume in January, 71% of goods were machines, equipment and transport worth $1.4 billion (UAH 8.5 billion was paid to the budget, accounting for 27% of revenues from customs payments), fuel and energy products worth $1.3 billion (UAH 9.5 billion, 30%) and chemical industry products worth $720 million (UAH 4.4 billion, 14%).
Three major exports from Ukraine were foodstuffs, metals and metal products, and machines, equipment and transport. Almost UAH 120 million was paid to the budget for these goods, on which the export duty was established. (Ukrinform/Business World Magazine)