EU exports to Ukraine are back to pre-war levels

The European Union’s exports to Ukraine rose last December, reaching pre-war levels, and recovering from the disruptions to intra-trade as a result of the outbreak of war in the country, according to data from the European statistical agency “Eurostat”.

After the outbreak of the war, the European Union’s trade with Ukraine declined between February and March 2022, when Ukraine’s share of European Union imports fell to 40 percent, and exports to the country fell by 50 percent.

However, Ukraine’s contribution to EU exports outside its territory grew to 1.5 percent in December, from 1.2 percent in February 2022.

Its share in non-domestic EU imports in December was 1 percent, slightly lower than the 1.1 percent recorded in February.

Ukraine’s agricultural sector accounted for regarding 12 percent of its gross domestic product and regarding 40 percent of its total exports before the war, but it was hit by poor harvests and logistical difficulties caused by the crisis.

In line with the recovery trend recorded in December, data compiled by Ukraine’s Ministry of Agriculture on Wednesday showed that the total amount of grain sold returned to pre-war levels in February, reaching 5.2 million tons compared to 5.05 million tons a year earlier.

Leave a Replay