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Trade and Economic Relations between Ukraine and China
06 July 2020 23:41

Trade and economic relations between Ukraine and China

Foreign trade cooperation between Ukraine and China is regulated by the Trade and Economic Cooperation Agreement between Government of Ukraine and Government of the People’s Republic of China (1992).

State of trade and economic cooperation (2019)

State of trade in goods. According to the State Statistics Service of Ukraine, in 2019, the trade turnover between Ukraine and China amounted to $12.79 billion and it grew by 30.4% compared to last year, exports of goods from Ukraine to China amounted to $3.59 billion (+63.3%), imports of Chinese goods to Ukraine amounted to $9.20 billion (+20.9%). The negative balance for Ukraine during this period was $5.61 billion.

State of trade in services. In 2019, the trade in services amounted to $385.17 million and increased by 30.6% compared to 2018. Exports of services from Ukraine to China amounted to $162.71 million (+53.5%), imports to Ukraine from China – $222.46 million (+17.7%). The negative balance for Ukraine was $ 59.75 million.

Bilateral investment cooperationAccording to the State Statistics Service of Ukraine, as of 01.01.2020 China invested $40.0 million in Ukraine’s economy. The investments from Ukraine to China's economy totaled at $0.6 million.



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