About past, present and future of Ukraine

Search mobile

Main Business — Exports of Ukrainian goods in 2021 have reached a record USD 68.24 billion

Business

Exports of Ukrainian goods in 2021 have reached a record USD 68.24 billion

07 Jan, 2022
269
Exports of Ukrainian goods in 2021 have reached a record USD 68.24 billion

Share this article


According to the Ministry of Economy of Ukraine, USD 68.24 billion resource makes up the volume of exports of goods from Ukraine in 2021. This figure is the highest since 2012. Ukraine had previously had figures of this level in 2011 (USD 68.39 billion) and in 2012 (USD 68.81 billion).


Such export results are of great importance for the budget of Ukraine. When Ukrainian producers sell their goods abroad, we receive an inflow of foreign currency, allowing us to finance import costs without destabilizing the foreign exchange market as well as accumulate international reserves to strengthen the stability of the economy. Besides, additional export earnings increase budget revenues and, accordingly, opportunities for financing social expenditures and development programmes.

Yulia Svyridenko, Minister of Economy of Ukraine

The turnover of goods in 2021 in Ukraine amounted to USD 141.54 billion, which is by 36.71% more than in 2020. The value of exports in absolute terms increased by USD 19.05 billion.

The exports of goods in 2020 decreased by 1.7% compared to 2019 (USD 862.8 million) and amounted to USD 49.2 billion.

It is worth noting that current indicators do not include data from the temporarily occupied territory of the Autonomous Republic of Crimea, the city of Sevastopol and parts of the temporarily occupied territories in Donetsk and Luhansk regions.

The general foreign trade balance of Ukraine (goods and services) for 2021 will be announced on February 15.


The Odessa Journal

The Odessa Journal

more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...