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Ukraine

Ukraine

The EU and Ukraine have provisionally applied their Deep and Comprehensive Free Trade Agreement (DCFTA) since 1 January 2016. This agreement means both sides will mutually open their markets for goods and services based on predictable and enforceable trade rules.

This is part of the broader Association Agreement (AA) whose political and cooperation provisions have been provisionally applied since November 2014.

Trade picture

  • The EU is Ukraine's largest trading partner, accounting for more than 40% of its trade in 2015. Ukraine accounts for 0.8% of EU's total trade, with a turnover of €1.16 bn in 2015.
  • Ukraine exports to the EU amounted to €12.7 bn in 2015. The main Ukraine exports are raw materials (iron, steel, mining products, agricultural products), chemical products and machinery.
  • The EU exports to Ukraine amounted to over €13.9 bn in 2015. The main EU exports to Ukraine include machinery and transport equipment, chemicals, and manufactured goods.
  • The EU is a large investor in Ukraine. EU investors held investments worth around €16.4 bn in Ukraine in 2014.

EU-Ukraine "trade in goods" statistics

Trade in goods 2013-2015, € billions
Year EU imports EU exports Balance
2013 13.9 23.9 10.0
2014 13.7 17.0 3.3
2015 12.8 13.9 1.2

EU-Ukraine "trade in services" statistics

Trade in services 2012-2014, € billions
Year EU imports EU exports Balance
2012 3.0 4.7 1.7
2013 2.9 5.1 2.2
2014 2.7 4.2 1.6

Foreign direct investment

Foreign direct investment 2014, € billions
Year Inward stocks Outward stocks Balance
2014 0.9 16.4 15.5

Date of retrieval: 14/04/2016

More statistics on Ukraine

EU and Ukraine

The AA/DCFTA aims to boost trade in goods and services between the EU and Ukraine by gradually cutting tariffs and bringing Ukraine's rules in line with the EU's in certain industrial sectors and agricultural products.

To better integrate with the EU market, Ukraine is harmonising many of its norms and standards in industrial and agricultural products. Ukraine is also aligning its legislation to the EU's in trade-related areas such as:

  • competition
  • public procurement
  • customs and trade facilitation
  • protection of intellectual property rights
  • trade-related energy aspects, including investment, transit and transport

Small and Medium sized Enterprises (SMEs) in Ukraine can receive support from the EU's SME Flagship Initiative. This initiative allows SMEs in Ukraine, Georgia and Moldova to access approximately € 200m of EU grants. This funding adds to the new trade opportunities with the EU that have been created by DCFTA.

The EU has banned the import of goods originating in Crimea and Sevastopol, as well as investments and a number of directly related services there until at least 23 June 2017. This is in line with its policy of not recognising the Russian Federation's illegal annexation of Crimea and Sevastopol,.

Ukraine has benefitted from the EU's Generalised System of Preferences (GSP) since 1993.  In 2013, more than 70% of Ukrainian exports to the EU of machinery and mechanical appliances, plants, oils, base metals, chemicals and textiles benefitted from GSP preferential tariffs. Following the provisional application of the DCFTA, these GSP preferences will be phased out at the end of 2017.

Trading with Ukraine