EU becomes Ukraine`s key partner in trade

The European Union accounted for 44.4% of Ukraine`s goods exports in the first two months of 2016, having thus become a major trade partner, while the share of Russia was a mere 7.9%, according to the Ukrainian Ministry of Economic Development and Trade.
Goods shipments from Ukraine to the EU member states (28 countries) slid by 2.1% in January-February 2016, while January 2016 saw an 11.7% decline in exports to those markets, the ministry said in an update.
In general, Ukraine saw a 21.3% decrease in goods exports in the first two months compared to the same period of 2015, to $4.7 billion, it said.
The pace of the decline in exports in February 2016 considerably slowed from January 2016, which saw a 31.9% decrease.
Основним торговельним партнером України в експорті товарів за 2 місяці 2016 р. був #ЄС(44,4%)@mineconomdev ”Farm produce and foods accounted for the largest share of goods exports (42.9%), while the share of metallurgical goods was 22.4%, and that of machine-building was 11.8%,” the update reads.
”Split according to the Ukrainian regions, the worst goods export dynamics in the first two months were seen in Dnipropetrovsk region (a decline by 6.7 percentage points), the city of Kyiv (a decline by 4 p.p.), Zaporizhia and Donetsk regions (a decline by 3.4 p.p. and 2.8 p.p., respectively),” the ministry said.
At the same time, three regions reported positive results in January-February 2016: Luhansk region saw an increase in goods exports by 1.1 p.p., Lviv region by 0.3 p.p. and Ivano-Frankivsk region by 0.1 p.p.

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