China's trade turnover with Ukraine rises by 46.6% to $1.5 bln in January-February
The volume of Chinese-Ukrainian trade in January-February grew by 46.6% year-on-year to $1.5 bln, the General Administration of Customs of China reported, Azernews reports, citing TASS.
As follows from the published statistics, exports of goods from China to Ukraine over two months reached $550.42 mln (an increase of 69.6% compared to the same period last year), while imports increased by 36% ($954.06 mln). Compared to January-February 2023, the positive balance of the Ukrainian side increased by 7.3%, to $403.64 mln.
In February, trade turnover between the two countries decreased by 13.3% compared to January and reached $698.54 mln. Exports from China fell by 32.7% (to $221.25 mln), imports from Ukraine remained virtually unchanged and amounted to $477. 28 mln.
Ukraine is the leading supplier of corn to China. According to the General Administration of Customs of China statistics, this agricultural product in terms of value accounted for almost half of China’s imports from this country. Other Ukrainian goods purchased by China include sunflower and rapeseed oil, barley, ferronickel, beef, soybeans, other food products, raw materials, and semi-finished products.
According to the General Administration of Customs of China, in 2022, the volume of Chinese-Ukrainian trade fell by 60% to $7.65 bln. In 2023, it fell by 10.8% to $6.81 bln.
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