KYIV. March 29 (Interfax-Ukraine) – Ukraine’s Economic Development and Trade Ministry has pointed out 75 markets in the draft exports strategy of Ukraine where Ukraine is not using the trade potential in full, seeing a shortfall of around $6 billion.
According to the published document during its presentation on Tuesday, in particular, Ukraine insufficiently uses the opportunities of trade cooperation with the United States, Germany, UK, France, Japan and Canada.
According to the strategy, exports of goods and services in 2012-2016 almost halved – from $82.4 billion to $44.9 billion.
The ministry said that the EU market share of total Ukrainian exports of goods over the period grew from 25% ($17 billion) to 37.1% ($13.5 billion), the India’s share rose from 3.2% ($2.3 billion) to 5.2% ($1.9 billion), China’s – from 2.6% ($1.7 billion) to 5% ($1.8 billion). Exports of goods and services to Russia fell almost 80%, to from $17.3 billion to $3.6 billion.
According to the document, the share of Crimea, Donetsk and Luhansk regions of total exports of Ukrainian goods fell from 26.6% in 2013 to 10.4% in 2015 (data of the State Statistics Service, not taking into account the ATO zone and Crimea). In the period from 2013 to 2015, exports from Donetsk region fell by 70% and from Luhansk region – by 93%.
The cost of exports losses due to these regions jointly with the temporarily occupied territory of Crimea was $12.9 billion, while total exports losses of Ukraine in the past two years amounted to UAH $25.2 billion.
