Ukraine less trade with Russia

Trade with Russia was reduced to 2,339 billion, with the European Union rose to 9.5 billion dollars.

For the first quarter of 2019 Ukraine has reduced exports from Russia by 16.4% to $595 million, or 5.3% of the total. This is evidenced by the data published on the website of the National Bank.

At the same time, in annual terms, this indicator grew by 8.8% to $1,744 billion, or 13% of the total.

The trade turnover with Russia decreased by 10.9% to 2,339 billion.

Ukrainian exports to the CIS decreased by 7.9% to $1,613 billion, with the share of exports at 13.2% of the total. Imports from these countries decreased by 6.8% to us $2,951 billion, or 22.1% of total imports, according to the materials.

The trade turnover with EU countries in the first quarter increased by 10.2%, reaching $9.5 billion, including exports to EU countries increased by 6.2% and reached $4,318 billion, while imports – by 13.8%, to $5,187 billion While the share of Ukraine’s exports to the EU accounted for 38.4% of the total volume of imports 38.8 per cent.

In General, the volume of foreign trade of Ukraine in January-March 2019 rose 7.4% to 24,625 billion. Exports of goods from Ukraine grew by 8.0% to 11,261 billion, imports by 6.8% to 13,364 billion.

Note, in 2018 exports of goods from Ukraine to Russia decreased by 7.2% or $RB 282.4 million to $3.7 billion Russia’s Share in total exports of goods from Ukraine decreased to 7.7% compared to 9.1% in 2017.

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