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Trade and economic relations
25 August 2012 15:49

Trade and economic  relations

Kuwaiti-Ukrainian trade and economic cooperation is regulated by the Agreement between Governments of Ukraine and the State of Kuwait on cooperation in economic and technical fields (2001).

Ukraine attaches great importance to the prospects of increasing exports of Ukrainian agricultural, machine-building and metallurgical products to Kuwait.

Kuwait demonstrates interest to the potential of Ukraine in aviation, industry, agriculture and real estate.

According to the data provided by the Government Statistics Agency of Ukraine in the year of 2018 the total trade in goods between Ukraine and Kuwait amounted to 20.45 million USD.

The trade balance of bilateral trade in goods during the year of 2018 caused a surplus for the Ukrainian side of 9.97 million USD.

During the last year basis of the Ukrainian export was made mainly by steel products and foodstuff grain products.

 

A dynamics of trading in commodities is between Ukraine and Kuwait 

(Million $)

 

2012

2013

2014

2015

2016

 

2017

 

2018

Commodities

turnover

12.1

31.6

17.7

8.6

17.77

22.02

20.45

Export  

11.3

30.7

15.2

8.1

17.74

20.30

15.21

Import

0.8

0.9

2.5

0.52

0.04

1.73

5.24

Balance of trading

10.6

29.8

12.8

7.58

17.70

18.57

9.97

 

Export Structure:

fats and oils of animal or vegetable origin – 36.8%;

milk and dairy products, poultry eggs – 18.7%;

steel products – 7.6%).

 

Main positions of import:

ore, slag and ashes – 98.4%;

nuclear reactors, boilers, machines – 1.3% in the structure of imports.

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