Ukraine’s trade turnover amounted to $44.3 billion in January-May

During the period, Ukraine imported goods worth $27.5 billion, and exported – $16.8 billion

Ukraine’s trade turnover in January-May 2024 amounted to $44.3 billion. This is according to the State Customs Service.

During the first five months of 2024, Ukraine imported $27.5 billion worth of goods and exported $16.8 billion. At the same time, taxed imports amounted to $23.7 billion, which is 86% of the total volume of imported goods.

Among the countries from which Ukraine imported the most goods: China – $5.3 billion, Poland – $2.9 billion, and Germany – $2.2 billion. Ukraine exported the most goods to Poland – $1.7 billion, Spain – $1.4 billion, and China – $1.4 billion.

In January-May 2024, 65% of the total volume of goods imported was made up of

• machinery, equipment and transport – $9.4 billion;
• chemical products – $5.1 billion;
• fuel and energy products – $3.4 billion.

The top three most exported goods from Ukraine were food products ($10.8 billion), steel and steel products ($1.8 billion), and mineral products ($1.6 billion).

The customs clearance of exports of goods subject to export duties resulted in UAH 128 million paid to the budget.

In 2023, Ukraine’s trade turnover amounted to $99.4 billion. In particular, the country imported $63.5 billion worth of goods and exported $36 billion. Taxed imports amounted to $52.6 billion, which is 83% of the total volume of imported goods. The largest share of imports was accounted for by machinery, equipment and transport ($19.8 billion), and exports were food products ($21.8 billion).