Business news from Ukraine

TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS IN JAN.-AUG. 2019 (U.S. DOLLARS)

Top 20 countries Ukraine has posted the highest surplus of trade in goods in Jan.-Aug. 2019 (U.S. Dollars)

,

155 TYPES OF GOODS FROM UKRAINE TO RECEIVE POSSIBILITY OF DUTY-FREE TRADE IN UNITED STATES

Ukraine from October 30, 2019 will return to the U.S. General System of Preferences, according to a proclamation of U.S. President Donald Trump. “On Saturday Kyiv time or on Friday night in Washington, the news came out that Trump has completely returned Ukraine to the General System of Preferences,” Deputy Minister of Economic Development, Trade and Agriculture, Ukraine’s trade representative Taras Kachka said at a press briefing on Monday.
He said that all 155 types of goods that were removed from the system of preferences, again will receive the possibility of duty-free trade in the United States.
“These are mainly food processing products – confectionery product… [and also] industrial products, especially complex engineering products,” Kachka said.
He said that the return to the system of preferences was made possible thanks to the progress in introducing new legislation on collective management organizations (CMOs).
“This is unlikely to affect trade statistics, since these are not mass products, but will positively influence small and medium-sized businesses,” Kachka added.
As reported, in 2018, the United States suspended the General System of Preferences, which allows the import of more than 3,500 types of goods to the United States duty free, for 155 types of Ukrainian goods due to systematic copyright violation.

, , ,

TRADE BETWEEN UKRAINE AND BELARUS SHOULD EXCEED $6 BLN

Ukrainian President Volodymyr Zelensky says that trade between Ukraine and Belarus should exceed $6 billion.
“Trade between our countries exceeds $5 billion. I agree with Alexander Grigoryevich [Lukashenko] that we could and should achieve six, eight – we don’t want to stop – billion dollars,” he said at the Second Forum of Regions of Ukraine and Belarus in Zhytomyr on Friday.

, ,

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN JAN-JULY 2019

Main trade partners of Ukraine in % from total volume (import from other countries to Ukraine) in Jan-July 2019

,

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-JULY 2019

Main trade partners of Ukraine in % from total volume (export from Ukraine to other countries) in Jan-July 2019

,

RETAIL TRADE TURNOVER IN UKRAINE IN JAN-APR INCREASES BY 7.9%

Retail trade turnover in Ukraine in comparable prices in January-April 2019 increased by 7.9% compared to January-April 2018, the State Statistics Service has reported.
According to its data, in April 2019 retail trade turnover compared with March 2019 decreased by 2.2%, and compared with April 2018 it grew by 9.1%.
The largest increase in the retail trade turnover of enterprises (legal entities and individual entrepreneurs) in January-April 2019 compared with January-April 2018 was recorded in Vinnysia (by 13.5% compared to the same period in 2018), Kyiv (10.9%), Donetsk (10%), Dnipropetrovsk (9.9%), Lviv (9.9%) and Ternopil (9.9%) regions.
The leaders in absolute terms of the volume of retail turnover in the first four months were: Kyiv city (UAH 61.378 billion), Dnipropetrovsk (UAH 30.284 billion), Kharkiv (UAH 25.501 billion), Kyiv (UAH 23.033 billion), Odesa (UAH 22.854 billion), and Lviv (UAH 19.878 billion) regions.
According to statistics, in Donetsk region, retail trade turnover in January-April increased 10% (to UAH 10.236 billion), Luhansk – by 6.4% (to UAH 2.999 billion).
The State Statistics Service said that the turnover of retail enterprises (legal entities) in April 2019 compared with April 2018 increased by 9.8%, and compared to March 2019 it fell by 2.2%, to UAH 60.902 billion. In January-April 2019, the turnover of retail enterprises rose by 8.6%, to UAH 231.597 billion.
The wholesale turnover of enterprises in January-April 2019 compared with January-April 2018 decreased by 5.3% and amounted to UAH 680.945 billion.
As reported, the retail trade turnover of Ukraine in 2018 increased by 6.1%.

, ,