Ukraine is actively developing foreign economic cooperation with China, Poland, and Germany. These countries form the foundation of international trade for the Ukrainian economy, considering the volume of bilateral trade.
This is reported by Finway
Trade Volumes with Leading Countries
China remains the undisputed leader among Ukraine’s foreign economic partners — the total trade volume with this country amounted to 8.99 billion USD. Poland ranks second with 6.04 billion USD. Germany and Turkey are in similar positions with figures of 4.28 billion and 4.25 billion USD, respectively. The United States of America occupies the fifth position with a total trade volume of 2.86 billion USD. The top ten key trading partners of Ukraine also include Italy (2.38 billion USD), the Czech Republic (1.64 billion USD), Bulgaria (1.54 billion USD), Hungary (1.53 billion USD), and Romania (1.5 billion USD).
Risks of Import Dependence and the Need for Changes in Trade Policy
Experts emphasize that the rapid growth of trade with these countries, particularly with China and European states, contributes to Ukraine’s integration into global supply chains. At the same time, such dependence on imports creates strategic risks for the country’s economy. According to the results of the first half of the year, Ukrainian imports from China reached 8.15 billion USD — this is more than double the corresponding figures for Poland (3.58 billion USD) and Germany (3.18 billion USD).
Economists predict that, given the stable exchange rate of the hryvnia and the maintenance of import flows at current levels, the trade balance deficit with China will continue to grow. This will require adjustments to the state trade policy towards stimulating domestic production and seeking alternative markets.