NEWS | Wednesday, 10 September 2008

EU27 surplus in Ukraine trade of €10 bn in 2007

Between 2000 and 2007, EU27 trade in goods with Ukraine more than tripled in value: exports rose from €5.5 billion to 2€2.4 bn, while imports increased from €4.8 bn to €12.4 bn. As a result, the EU27 surplus in trade with Ukraine increased from €0.6 bn in 2000 to €10.0 bn in 2007. The share of Ukraine in the EU27’s total external trade in goods has more than doubled between 2000 and 2007. In 2007, Ukraine accounted for 2 per cent of EU27 exports and 1 per cent of EU27 imports, and was the EU27’s 16th most important trading partner.
Nearly half of EU27 exports to Ukraine in 2007 were machinery and vehicles1 and a further quarter were other manufactured articles, while other manufactured articles accounted for two fifths of imports and crude materials a further fifth. At the detailed level, the main EU27 exports to Ukraine were medicine, motor vehicles and mobile phones, while the main imports were iron and steel products, sunflower seed oil, ferro-nickel, iron ores and oil.
Germany, Poland and Italy largest trading partners of Ukraine amongst Member States
Among the EU27 Member States, Germany (€5.9 bn, 26 per cent of EU exports) was the largest exporter to Ukraine in 2007, followed by Poland (€4.1 bn or 18 per cent). Italy (€2.4 bn or 19 per cent) was the largest importer, followed by Bulgaria (€1.6 bn or 13 per cent) and Germany (€1.3 bn or 11 per cent).
The largest surpluses in trade with Ukraine in 2007 were observed in Germany (+€4.6 bn) and Poland (+€2.8 bn), and the highest deficit in Bulgaria (-€1.4 bn).