The business surplus of the EU with Ukraine reached the height within the fourth quarter of 2024 to five.8 billion euros.
EU exports to Ukraine have elevated by 9.3% within the final three months of 2024 in comparison with the earlier quarter, whereas imports from Ukraine have recorded a slight decline by 1.8%.
This concerned a business surplus of 5.8 billion euros for the EU, based on the newest Eurostat information.
Between the fourth quarter of 2024 and 2023, EU exports to Ukraine grew by 16.7%, whereas imports elevated by 9.2%.
Since the start of 2021, the EU has maintained a business surplus with Ukraine.
The solely exception was the primary quarter of 2022 as a result of Russian Vication of Ukraine.
The surplus was significantly pronounced in sectors comparable to equipment and autos, balancing deficits in classes together with meals, drinks, tobacco and uncooked supplies.
What are the important thing merchandise exchanged between the EU and Ukraine?
From 2023 to 2024, EU imports from Ukraine on rape or rapeseed seeds, soy oil, corn oil, sunflower oil and iron and metal have elevated, whereas the altitude for wooden has decreased.
The EU adopted a regulation in early June 2022 which briefly allowed momentary liberations for full commerce, suspending import duties, shares and business protection measures for imports from Ukraine.
Although this directive led to mid -September 2023, it considerably elevated EU imports from Ukraine for varied agricultural merchandise.
Between the fourth quarter of 2022 and 2024, the share of Ukraine of sunflower oil in transactions with all international locations exterior the EU decreased from 94% to 79%.
However, in 2024, Russia grew to become one of many foremost companions for the non-EU imports of this product, with a 3percentshare.
The imports of the iron and metal from Ukraine have decreased by 48 proportion factors within the final three months of 2024, in comparison with the fourth quarter of 2021.
Both the quantity and the worth of EU iron and metal imports from Ukraine have elevated strongly firstly of 2021 because the demand and unitary values elevated following the gradual restoration of economies from the Covid-19 pandemic.
However, imports decreased on the finish of 2021 and didn’t return to the pre-Russian invasion ranges.
Arms and ammunition and explosives are the 2 foremost teams of merchandise which have seen the key will increase in EU exports to Ukraine within the final months of 2024.
ANNOUNCEMENTUrsula von der Leyen has confirmed an EU monetary help bundle of three.5 billion euros to offer additional liquidity for the Ukrainian tense price range and facilitate the acquisition of army gear from its nationwide trade.
This 3.5 billion euros is an advance on a bigger help fund of € 50 billion established by the European Union firstly of 2024.
While Brussels managed to cowl Ukraine’s monetary wants for the entire 12 months, the provision of weapons after the summer time stays unsure.
Video editor Mert can yilmaz
