Ukraine tripled exports of goods to China

The deficit of foreign trade in goods of Ukraine for January-February amounted to 422.7 million dollars, the Ukrainian state statistics service reported on April 14. The agency claims that the current indicator is half the deficit for the same period of the previous year, the correspondent news agency reports. It is reported that exports of goods from Ukraine amounted to 8.1 billion dollars (increased by 2.1%), imports amounted to 8.53 billion dollars (decreased by 3%). Accordingly, the import export coverage ratio was 0.95. The Ministry emphasizes that the largest trading partner of Ukraine in the two months of 2020 is China, and the volume of exports of goods to this country has more than tripled to 760 million dollars. Imports from China to Ukraine increased by 1.4% to $1,338 billion. The news agency recalls that according to official data, the foreign trade balance of Ukraine for 2019 is reduced to a deficit of 3.633 billion dollars. In 2019, the volume of trade turnover of Ukraine and China amounted to a record 11.8 billion dollars. The parties stated that in 5 years trade turnover between the countries will reach 20 billion dollars per year.