• A-
    A+
  • English
  • Українською
Trade and economic cooperation between Ukraine and Finland
01 July 2021 18:36

According to the results of 2019, Finland ranks 24th in terms of bilateral trade in goods between Ukraine and European countries with a share of 0.66% of the total.

According to the State Statistics Service of Ukraine in 2020, there is a slight but positive dynamics of Ukrainian exports of goods. The total trade turnover between Ukraine and Finland decreased by 4.1% and amounted to 366,2 mln. USD. The volume of export of goods increased by 18.1% compared to the 2019 and amounted to 54.5 mln USD. Imports of goods from Finland decreased by 9.5% and amounted to 249.1 mln. USD.

The keystone of Ukrainian exports to Finland were ferrous metals and articles (32.3%), nuclear reactors, boilers, machinery (20.0%), copper and copper articles (5.1%), furniture (6.1%), other finished textiles (4.1%), seeds and fruits of oilseeds (4.1%), wood and wood products (3.0%).

The keystone of Finnish import to Ukraine were paper and cardboard (30.4%), nuclear reactors, boilers, machinery (10.0%), mineral fuels, oil and articles (8.9%), ferrous metals and articles (7.7%), electrical machinery (7.1%), plastics, polymeric materials (6.6%), pharmaceuticals (5.7%), optical and photographic devices (4.2%).

According to the results of 2020, the volume of trade in services between Ukraine and Finland increased by 3.8% and amounted to 62.6 mln. USD.

Exports of services to Finland decreased by 14.2% compared to the 2019 and amounted to 27.3 mln. USD.

The main exports were business services, transport services, telecommunications services, IT, repair and maintenance services, travel services.

In contrast, the volume of imports of services from Finland increased by 13.4% compared to the 2019 and amounted to 35.2 mln. USD.

The base of Finnish imports were insurance services, services related to financial activities, royalties and other services related to the use of intellectual property, transport services.

Investment cooperation

As of September 30, 2020, the volume of direct investments from Finland to the Ukrainian economy amounted to a total of 96.6 mln. USD. Of these: were equity instruments (56.6 mln. US), the debt instruments amounted to 40.3 mln. USD.

Investments were directed to such areas as wholesale and retail trade, repair of motor vehicles and motorcycles (21.0 mln. USD), industry (8.5 mln. USD), activities in the field of administrative and support services (17, 6 mln USD).

No investments from Ukraine to Finland have been recorded.

Exporters and Investors Council (EIC) under the Ministry of Foreign Affairs of Ukraine was established in 2013 in order to safeguard national interests in Ukrainian export promotion and attraction of foreign investments to Ukraine.

EIC is a platform, which unites Ukrainian producers, exporters and leading business associations providing necessary support in promoting their goods and services abroad and entering new markets, as well as attracting foreign investors and companies to Ukraine effectively using diplomatic tools, resources and networks.

The Head of the Council is the Minister for Foreign Affairs of Ukraine.

More information - https://rei.mfa.gov.ua/en

UkraineInvest

https://ukraineinvest.gov.ua/

Office of the National Investment Council of Ukraine

http://www.nicouncil.org.ua/en/

In December of 2020, the Parliament of Ukraine passed law 3760 “On State Support for Investment Projects with Significant Investments” and President of Ukraine Volodymtyr Zelensky signed it in February of 2021.

The Law will encourage investment in Ukraine’s economy, contribute to the creation of new high-paid jobs and economic development of the regions. Incentives will be given to investors that committed to make EUR 20 million investments and create 80+ jobs with a salary 15% higher than the average https://ukraineinvest.gov.ua/news/the-business-week-for-the-week-of-december-14-20-2020/

Official website of Ukraine https://ukraine.ua/

Official website of Ukraine https://ukraine.ua/

UkraineInvest https://ukraineinvest.gov.ua/

Export Promotion Office of Ukraine https://epo.org.ua/en/

Office of the National Investment Council of Ukraine http://www.nicouncil.org.ua/en/

Ministry for Development of Economy, Trade and Agriculture of Ukraine https://www.me.gov.ua/?lang=en-GB

State Service of Ukraine on Food Safety and Consumer Protection https://dpss.gov.ua/en

ProZorro Public Procurement system https://prozorro.gov.ua/en

State Property Fund of Ukraine  http://www.spfu.gov.ua/en

State Service of geology and Subsoil of Ukraine https://www.geo.gov.ua/en

The State Customs Service of Ukraine informs that from July 1, 2021, the provisions of paragraph 61 of Section XXI of the Customs Code of Ukraine on mandatory registration with the State Customs Service of Ukraine of non-residents who declare goods in Ukraine come into force. 

According to part eight of Article 455 of the Customs Code of Ukraine, non-registration is a ground for refusal of customs clearance and passage across the customs border of Ukraine of goods, commercial vehicles.

According to the first part of Article 455 of the Customs Code of Ukraine, non-resident persons are subject to mandatory registration who are:

  • declarants of goods, commercial vehicles, in the cases provided for in paragraph 4 of part two of Article 265 of the Customs Code of Ukraine (foreign carriers moving goods, commercial vehicles, transit through the territory of Ukraine);
  • carriers of goods across the customs border of Ukraine and/or between customs offices in the territory of Ukraine or is a person responsible for such transportation (foreign carriers moving goods under customs control).


It is possible to register:

  • when entering or leaving Ukraine by filling out the application form directly at the checkpoint and providing a copy of the registration certificate of a non-resident issued by the competent authority of the country of registration;
  • by sending a completed application form by post to any customs office and providing a copy of the registration certificate issued by the competent authority of the country of registration;
  • submit directly to any customs office a completed application form and a copy of the registration certificate issued by the competent authority of the country of registration, or submit these documents through an authorized person acting on the basis of a power of attorney from a nonresident, or through a customs clearance agent acting on the basis of an agreement between a non-resident and a Ukrainian customs broker.


The application form can be filled in any language of official international communication. To speed up the processing of information, it is desirable to fill it in Ukrainian or English.

zayava-nerizidenta.pdf

zayava-nerizidenta-pryklad.pdf

application-form.pdf

application-form-example.pdf

After entering the data from the application into the information system of the customs service, a non-resident person will be assigned a temporary registration number within one hour.

Refusal to assign a temporary registration number is possible if: 

  • the application form does not contain all the required data;
  • the non-resident is already registered.


The temporary registration number allows a non-resident person to carry out all customs formalities and procedures without restrictions.

The non-resident shall be informed about the registration and assignment of the registration number within the following five working days.

Outdated Browser
Для комфортної роботи в Мережі потрібен сучасний браузер. Тут можна знайти останні версії.
Outdated Browser
Цей сайт призначений для комп'ютерів, але
ви можете вільно користуватися ним.
67.15%
людей використовує
цей браузер
Google Chrome
Доступно для
  • Windows
  • Mac OS
  • Linux
9.6%
людей використовує
цей браузер
Mozilla Firefox
Доступно для
  • Windows
  • Mac OS
  • Linux
4.5%
людей використовує
цей браузер
Microsoft Edge
Доступно для
  • Windows
  • Mac OS
3.15%
людей використовує
цей браузер
Доступно для
  • Windows
  • Mac OS
  • Linux