Today the European Union is Ukraine’s
biggest trading partner and their annual bilateral trade
amounts to USD 22 billion while that of Ukraine and Russia
stand at USD 20 billion.
Ukraine’s major export partners
are Russia, Turkey, Italy and USA. Its percentage of trade
with each of these countries in 2006 is; Russia –
21.2%, Turkey -6.9%, Italy – 6.3% and USA –
4%. One fourth of Ukraine’s total exports are to Russia
and the other CIS countries while one third of its exports
are to the European Union.
The major import partners of Ukraine
are Russia, Germany, Poland, China and Turkmenistan. Their
share in Ukraine’s import market in 2006 is; Russia
– 28.4%, Germany – 11.7%, Poland -11.6%, China
– 7.1% and Turkmenistan -5.7%. One third of the total
imports to Ukraine is that of oil and gas from Russia.
Some helpful information which would help investors looking
for a start up in the import-export business in Ukraine: