Embassy of Ukraine to the United Kingdom of Great Britain and Northern Ireland

, Kyiv 04:10

Trade in goods and services between Ukraine and the United Kingdom

According to the data provided by the Government Statistics Agency of Ukraine  in the year of 2015 United Kingdom ranks as 11th biggest trade partner of Ukraine (2.4% of all trade in goods and services) (in 2014 – 3,2%).

During the year of 2015 in comparison to the same period of 2014 the total volume of bilateral trade in goods and services between the United Kingdom and Ukraine has shrunk by 19% and amounted to 2.1 bn. USD. The volume of goods and services exported from Ukraine to the United Kingdom shrunk by 28% and reached 901 m. USD. At the same time volume of goods and services imported from the United Kingdom to Ukraine fell by12% and amounted to 1.2 bn. USD. The trade balance of bilateral trade in goods and services during the year of 2015 caused a deficit for the Ukrainian side of 331 m. USD.

Main indicators of bilateral trade in goods and services between Ukraine and the United Kingdom

in billions of USD

 

2012

%

2013

%

2014

%

2015

%

Total

3,1

6

3,5

10

2,6

-25

2,1

-19

Export

1,3

8

1,3

-1

1,2

-4

0,901

-28

Import

1,9

4

2,2

18

1,4

-37

1,2

-12

Balance

-0,561

 

-0,909

 

-0,147

 

-0,331

 

Following the year of 2015 in comparison to the same period of 2014 the total volume of bilateral trade in goods between Ukraine and Great Britain decreased by 27% and amounted to 940m. USD. The volume of goods exported from Ukraine to Great Britain shrunk by 37% and reached 370 m. USD. The volume of goods imported into Ukraine from Great Britain decreased by 18% and amounted to 570 m. USD. The trade balance of bilateral trade in goods during the year of 2015 caused a deficit for the Ukrainian side of 200 m. USD.

Main indicators of bilateral trade in goods between Ukraine and the United Kingdom

in millions of USD

 

2012

%

2013

%

2014

%

2015

%

Total

1701

-43

1652

-3

1281

-22

940

-27

Export

552

-54

525

-5

589

12

370

-37

Import

1150

-35

1127

-2

692

-39

570

-18

Balance

-598

 

-601

 

-102

 

-200

 

During 2015 the most exported types of goods from Ukraine to the United Kingdom were:

  • agricultural products – 38%;

  • base metals and articles of thereof – 35%;

  • machinery, equipments – 7%;

  • woods – 4%.

During the period of 2015 the most imported types of goods from Ukraine to United Kingdom were:

  • chemical products – 28%;

  • mineral fuels – 22%;

  • machinery, equipments – 13%;

  • land vehicles – 12%;

  • food – 8%.

During the 2015 in comparison to the same period of 2014 the total volume of bilateral trade of services between Ukraine and the United Kingdom decreased by 13% and amounted to 1.2 bn. USD. The volume of services exported from Ukraine to the United Kingdom decreased by 20% to 531 m. USD. The volume of services imported into Ukraine from the United Kingdom decreased by 6% and amounted to 663 m. USD. The trade balance of bilateral trade in services during the period of 2015 caused a deficit for the Ukrainian side of 132 m. USD.

Main indicators of bilateral trade in services between Ukraine and the United Kingdom

in millions of USD

 

2012

%

2013

%

2014

%

2015

%

Total

1448

7

1813

25

1328

-27

1194

-13

Export

742

5

753

1

641

-15

531

-20

Import

705

9

1061

50

686

-35

663

-6

Balance

37

 

-308

 

-45

 

-132

 

INVESTMENT COOPERATION

As of 31.12.2015 the United Kingdom had invested into economy of Ukraine 1,85 bn. USD, which account for 4,3% of all Foreign Direct Investments (FDI) into the Ukrainian economy.

In terms of FDI in Ukrainian economy the Great Britain ranks 6th amongst 131 investor countries.

During the 2015 British investments shrunk by 301 m. USD.

The biggest share of British investments is being held in following sectors of Ukrainian economy:

  • retail (441 m. USD, 24%);

  • real estate (402 m. USD, 22%);

  • heavy industry (304 m. USD, 16%);

  • financial and insurance services (205 m. USD, 11%);

  • transport and logistics services (145 m. USD, 8%);

  • construction (119 m. USD, 6%).

Flow of capital from the United Kingdom into Ukraine

in millions of USD

Year

2010

2011

2012

2013

2014

2015

Total value

2287

2470

2560

2768,2

2151

1850

Growth

-21

+183

+90

+208,2

-617

-301