Dnipropetrovsk region increased export of services in the 1st half of 2020

Export of services from the Dnipropetrovsk region to the world’s countries in the 1st half of 2020 amounted to $82.1 mln (1.5%  out of Ukraine’s export volume) and increased by 15% compared to the corresponding period of last year. Export of services in Ukraine decreased by 11.6%.  The negative trade surplus  amounted to $ 26.2 thousand, but decreased compared to the corresponding period of 2019 by almost 2.5 times. It should be noted that the export of services to the EU countries grew by almost 20% compared to the first half of last year, and accounts for half of the total region’s export.

By types of economic activity, the IT sector is the leader in exports ($34 mln) with a share of 41.4% and a positive dynamics by 5.23%, transport services ($23.2 mln) with a share of 28.3% and an increase by 31.5% over the previous period, business services ($10.2 mln) with a share of 12.4% and an increase by 4.6%.

The most dynamic growth was observed in the export of road transport services, by 42.4% ($8.9 mln). Royalties and other services related to the use of intellectual property increased almost by 5 times and amounted to $0.8 mln. Also, services for the processing of material resources and information services increased by 70% – $3.4 mln each of it.

The leader among buyers of Ukrainian services is the United States ($17.5 mln), exports increased by 10.4% compared to the corresponding period of last year. The second largest exporter of services is Cyprus – $7.6 mln, trade with which increased by 6.6% compared to the corresponding period of last year. Germany is in third place – $5.8 mln with an increase by 31.8%.

 

Import of services to the Dnipropetrovsk region from the world’s countries amounted to $108.3 mln (4.6% out of Ukraine’s import) and decreased by 20.8% compared to the corresponding period of 2019.

The largest volume of services import (37.5%) falls on transport services. Import of these services doubled and amounted to $40.6 mln. It should be noted that railway transport services increased more than 4 times ($7.6 mln), and maritime transport services by 30% ($6.4 mln), compared to the first half of 2019.

The second place in the structure of import is occupied by services for the acquisition of a franchise and other services related to the use of intellectual property – $22.2 mln (20.5%). But imports of these services decreased by 52%. Import of business services also decreased by 58% compared to the corresponding period of last year and amounted to $18.2 mln (16.8%).  It should be noted that scientific and technical services more than doubled and amounted to $9.9 mln.

Most of all, services were imported from Germany – $22.9 mln, an increase of almost by 3 times. In second place there is the import of services from Latvia – $6 mln, with an increase by 65.5% compared to the corresponding period. Import from the Great Britain grew by 87.3% and amounted to $5.8 mln, which is the third place.

Foreign trade operations in the service sector were carried out by enterprises of the Dnipropetrovsk region with partners from 124 countries.