Exports to the EU increased by 4.2% according to preliminary results of 2022

ccording to preliminary estimates of the Ministry of Economy, in accordance with the trade balance methodology, exports of goods to the EU countries in 2022 increased by 4.2% compared to 2021 and amounted to about USD 28 billion.  

"This is extremely important in view of the diversification of logistics routes - and this is the task we set for the future, including the Recovery Plan. Ukraine will expand land transport corridors and exports to the EU and, accordingly, will be less dependent on maritime exports even after the unblocking and return of all ports. And, of course, this is crucial in view of further economic integration into the EU markets, Ukraine's involvement in European added value chains," said First Deputy Prime Minister - Minister of Economy of Ukraine Yuliia Svyrydenko. 

The growth of exports to the EU became possible, in particular, due to 

measures to support the Ukrainian economy in general and exports in particular. These are tax liberalization, deregulation, support for producers, export insurance with the help of ECA instruments, measures taken by our partners unilaterally. Or jointly - by Ukraine and partners. These are, in particular, the opening of European markets for Ukrainian goods (temporary, for a period of one year, trade liberalization, economic visa-free regime), the EU Solidarity Lanes initiative, customs visa-free regime, transport visa-free regime, etc.

The dynamics of Ukraine's foreign trade indicators in 2023 will be shaped in the direction of gradual recovery of losses incurred in 2022. The budget for 2023 provides for an increase in exports of goods and services by 7.2%. This takes into account the situation in the production complex, with access to three ports on the Black Sea for the export of agricultural products, the gradual expansion of domestic demand, demand for IT services in the world, etc. 

The Government's policy will also influence the results of foreign economic activity.  

"We are determined to actively promote Ukrainian exports in foreign markets, to work to further reduce barriers to the export of Ukrainian goods and services by supporting exports through the development of lending, insurance and reinsurance of exports," said Yuliia Svyrydenko. 

IC UAC according to the MEU