Embassy of Ukraine in the Republic of Finland

Kyiv 23:39

Trade and economic cooperation between Ukraine and Finland

Trade and economic cooperation between Ukraine and Finland in the I quarter of 2019

 According to the State Statistics Service of Ukraine, in the I quarter of 2019 overall turnover of trade in goods and services between Ukraine and Finland amounted to $90,8 mln USD (-27,2%), including exports - $19,3 mln USD (-30,8%), imports - $71,5 mln USD (-26,1%).

 Trade in goods

 Іn the I quarter of 2019 the indicator of bilateral trade in goods amounted to $77,5 mln USD (-26,8%), including exports $11,9 mln USD (-41,3%), imports - $65,6 mln USD (-23,3%), negative balance for Ukraine is $53,7 mln USD.

Commodity structure of exports: ferrous metals (30,6%), nuclear reactors, boilers, machinery (15,2%), products of ferrous metals (14%), furniture (7,2%), paper and cardboard (5,3%), oil seeds and oleaginous fruits (5,1%), made up textile articles (3,6%), tanning extracts (3,4%), clothes (3,2%), wood and wood products (2,4%).   

Commodity structure of imports: paper and cardboard (39%), electrical machinery (13,6%), mineral fuels, oil refining and purging (7,5%), nuclear reactors, boilers, machinery (6,3%), plastics, polymers (6%), ferrous metals (3,6%), fertilizers (3,6%), pharmaceutical products (3,2%).

 Trade in services

 Іn the I quarter of 2019 the volume of trade in services, compared to the same period of the last year, amounted to $13,3 mln USD (-29,2%), including exports - $7,4 mln USD (-2,6%), imports - $5,9 mln USD (-47,3%), positive balance for Ukraine is $1,5 mln USD.

The structure of exports of services: transportation (34%), business services (25,2%), computer and information services (4,9%), repair and maintenance services (3,1%), services related to travel (2,4%).

The structure of imports of services: transportation (22,7%), computer and information services (10,2%), business services (9,1%), services related to travel (5,2%), services related to the financial activity (4,8%).

 Investment cooperation

 As of 01.04.2019 Finnish direct investments in Ukraine economy amounted to $127,4 mln USD (as of 01.01.2019 - $131 mln USD, 01.01.2018 - $131 mln USD, 01.01.2017 - $110,2 mln USD, 01.01.2016 - $89,8 mln USD, 01.01.2015 - $103,1 mln USD, 01.01.2014 - $118,2 mln USD).