In the three quarters of 2021, the services sector in Dnipropetrovsk region shows a significant intensification – foreign trade turnover increased by 35.2% year-on-year to $377.3 mln (2.7% of Ukraine’s total). The negative balance of trade in services decreased to $26.3 mln (in the corresponding period of 2020 – $36.6 mln).
Exports of services from Dnipropetrovsk region to the countries of the world for 3 quarters of 2021, despite the quarantine restrictions, increased to $175.5 mln (2% of the volume of Ukraine), that is 29.8% more than for the same period last year.
In services exports, the IT sector leads with $58.3 mln, with a share of 33.3%. Transport services exports, with a 28.8% share, increased by 39% to $50.6 mln. Third place is occupied by business services with $25.2 mln (14.4%), which exports increased by 49.5%.
The most dynamic growth was in the construction and scientific and technical services, which reached $2.6 mln and $13.4 mln respectively. Exports of cultural and recreational services more than doubled to $17.3 mln.
The leader among buyers of Ukrainian services is the USA with a volume of $32.7mln. Exports to the United States increased by 23.4%. Poland is in second place with $20.6 mln, trade with which increased by 84%. Cyprus is in third place with exports of $12.3 mln and an increase of 15%.
Service exports to Bulgaria, Canada, France, Georgia, Lebanon, Tajikistan and Switzerland also increased significantly.
Imports of the services sector to Dnipropetrovsk region from world countries amounted to $201.8mln. (3.8% of Ukraine’s imports) and increased by 24.5% compared to the corresponding period in 2020.
The growth of investment activity in the region is evidenced by the largest imports of services specifically in the acquisition of franchises and the use of intellectual property, which doubled to $72.2 mln. The share of these services is 35.8%.
Imports of transport services, which accounted for more than 30% and amounted to $60.7 mln. In turn, imports into financial activities increased by 11% to $19.7mln (9.8%).
Most services were imported from Germany – $26 mln. In second place was Poland with $21.7 million and positive dynamics. Imports from the United States increased by 74.5% to $15 mln, the third-largest importer in the world.
Imports of services from Egypt, Kazakhstan, the Netherlands and Hungary more than doubled.