Ukraine imports, exports increasing, decline in trade turnover slowing down

Ukraine's foreign trade turnover amounted to USD 25.8 billion in the first quarter of 2023, the state customs service revealed on Wednesday.

While the figure is seven percent less compared to last year, the trade turnover decline slowed down, with the 35 and 30 percent fall reported in January and February, respectively.

Also in the first three months of 2023, Ukraine imported USD 15.5 billion worth of goods and exported USD 10.3 billion. Most imports came from China (USD 2.6 billion), Poland (USD 1.6 billion), and Germany (USD 1.1 billion).

Similarly, the most popular export destinations for Ukrainian goods were Poland (USD 1.5 billion), China (USD 1 billion), and Romania (USD 997 million).

Machinery, equipment and transport account for more than 70 percent of Ukraine’s import in the first quarter of 2023, at USD 4.4 billion, followed by fuel and energy products (USD 3.6 billion) and chemical products (USD 2.8 billion).

The top three most exported goods from Ukraine were food (USD 6.7 billion), metals and metal products (USD 929 million), and machinery, equipment and transport (USD 812 million).

Last week, Ukraine’s state statistics service confirmed that Ukraine had increased imports of goods in the first two months of 2023.