Doing business
The foreign trade turnover of goods in the first half of 2021 amounted to $8.5 bln (13.9% of the total volume of Ukraine), which increased by 46.6% compared to the first half of 2020. The positive balance has doubled compared to the previous period, amounting to $3358.6 mln. The export coverage ratio was 2.3 (in 2020 – 1.7).
Almost 20% of Ukraine’s exports are provided by Dnipropetrovsk region, which exports amounted to $5936.6 mln and increased by 60.2% compared to the first half of 2020. This is the first indicator among the regions of Ukraine.
The largest share (93.4%) in exports of goods is industrial products. The region exported almost 30% of Ukraine’s industrial output worth $5,547.6 mln. The largest share of exports was ferrous metals and their products 42.9% ($2549.2 mln), as well as ore, slag 44% ($2611.3 mln). It should be noted that exports of ore and slag increased more than 2 times compared to the same period last year and the share of exports of Ukraine amounted to 65%.
Products of agro-industrial complex and food industry with a share of 6.1% were exported in the amount of $364 mln. At the same time, construction products (0.4%) in the amount of $25 mln.
Exports of the following products increased significantly:
China became the leader among consumers of Ukrainian goods. Exports to this country increased almost by 2 times compared to the first half of 2020 and amounted to $1650.9 mln, which is 27.8% of total exports from the region.
Poland took the second place among the world consumers of the region’s products. Exports to the country increased by 72.3% compared to the same period last year. Exports amounted to $431.4 mln. Turkey ranks third among world consumers in the region, exports to which increased by 54% in the first half of 2020. Exports amounted to $322.2 mln.
Exports of goods to Brazil, the Dominican Republic, Spain, Colombia, Peru, and France increased significantly.
Imports of goods from the world’s countries in the first half of 2021 amounted to $2578 mln (8.2% of Ukraine’s imports) and increased compared to the previous period by 21.7%.
The largest share (86.2%) in imports of goods is occupied by industrial products worth $2221.6 mln.
Products of agro-industrial complex and food industry with a share of 11.9% were imported in amount of $306.1 mln, while construction products (1.9%) – in the amount of $50.2 mln.
Compared to the same period last year, imports increased significantly, in particular:
Among the countries of the world which products were most bought by Dnipropetrovsk region, China leads with positive dynamics (increase by 33.3%) with $531.8 mln. The second place is occupied by Russia, which imports of goods increased by 28.4% and amounted to $451, 8 mln. Germany is in third place. Imports amounted to $185.7 mln and increased by 32.4% compared to the corresponding period of 2020.
Imports from Egypt, Indonesia, Qatar, Kenya and Romania were more than doubled.
Foreign trade operations were conducted with partners from 160 countries.