Economic cooperation between Ukraine and Israel
05 December 2012 00:30

Trade and economic cooperation between Ukraine and the State of Israel

According to the State Statistics Service of Ukraine, as for the first half of 2020, the total trade turnover made US $502.3 m. and decreased by 11,9% (or US $68 m.) compared to the corresponding period in 2019. Export made US $397,3 m. and decreased by 11.1%; import – US $105 m. and decreased by 14.5%. Positive for Ukraine trade balance was US $293.3 m.

As for the first half of 2020, the trade in goods made US $384.9 m. and decreased by 13.6% or US $60.8 m. compared to the corresponding period in 2019. Export of goods made US $299 m. and decreased by 13.4 %; import – US $85.9 m. and decreased by 14.2% compared to the corresponding period in 2019.

Positive for Ukraine trade balance in goods was US $213.1 m.

The main exports of goods from Ukraine to Israel in 2019 were: cereals (51 %); ferrous metals (18 %); residues and waste from the food industry (6.5 %); oil and fats (4.1%), oil seeds and oleaginous plants (3.1%).

Main imports from Israel to Ukraine in 2019 were: various chemical products (30.5 %); mineral fuel, oil and products of their refining (13.8 %); goods procured in ports (12.4%); plastics, polymers (7.9 %); electric machines (5 %), nuclear reactors, boilers, machinery (4.4 %), edible fruits and nuts (3.3 %).

As for the first half of 2020 the trade in services made US $117.4 m. and decreased by 5.7% or US $7.2 m. compared to the corresponding period in 2019. Export made US $98.3 m. and decreased by 3.5%; import – US $19.1 m. and decreased by 15.8 % compared to the corresponding period in 2019. Positive for Ukraine trade balance in services was US $79.2 m.

Investment cooperation

According to the National Bank of Ukraine, as for July 01, 2020 the volume of direct Israeli investment in Ukraine amounted US $71.9 m.

There was no official information regarding the volume of direct Ukrainian investment in Israel in this period.

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