Ukraine’s exports in 1H 2023 14.3% down on year

That’s according to the State Statistics Service of Ukraine, Ukrinform reports.

"In the first half of 2023, the export of goods amounted to $19,406.9 million, or 85.7% against the first half of 2022, imports – to $30,447.3 million, or 120.7%," the report says.

The negative balance stood at $11.04 billion against $2.6 billion in the first half of 2022.

The export-import coverage ratio was 0.64 (0.90 in the first half of 2022).

According to the State Statistics Service, foreign trade operations were conducted with partners from 224 countries.

During the reporting period, Ukraine most actively increased the export of cereals – by 26% ($5.3 billion), as well as that of fats and oils of animal or vegetable origin – by 3.5% ($2.8 billion).

The main increase in imports year-on-year was observed for electric power equipment (+48%, by $2.9 billion), nuclear reactors and boilers (+21.2%, by $2.2 billion) and vehicles, except railway (+16.1 %, by $2.9 billion).

As reported, in January - March 2023, Ukraine exported goods worth $10.3 billion and imported goods worth $15.7 billion.