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EU sets record in trade with Ukraine: exports reach €42.8 billion, surplus hits €18.3 billion

EU sets record in trade with Ukraine: exports reach €42.8 billion, surplus hits €18.3 billion
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In 2024, the European Union exported a record volume of goods to Ukraine worth €42.8 billion and imported €24.5 billion, resulting in a trade surplus of €18.3 billion.

This is according to Eurostat data.

Compared to 2023, this represents an increase in exports and imports of 9.4% and 7.0%, respectively.

The main goods exported by the European Union to Ukraine were mineral fuels (€6.8 billion), electrical equipment (€4.3 billion), and machinery (€4.2 billion).

 

 

Compared to the “pre-war” year 2021, the largest growth was in the export of mineral fuels (by €4.1 billion), which Ukraine previously imported from Russia and Belarus.

The key groups of goods imported from Ukraine in 2024 were agricultural products such as cereals worth €4.4 billion, animal or vegetable fats and oils (€3.1 billion), and oilseeds and related products (€2.5 billion).

 

 

Compared to the “pre-war” year 2021, the import of cereals increased by €2.7 billion, animal or vegetable fats and oils – by €1.0 billion, and oilseeds and related products – by €1.1 billion.

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