Ukraine and Serbia / Trade and economic relations

Trade and economic relations

According to the data of the State Statistics Service of Ukraine bilateral trade in goods and services between Ukraine and the Republic of Serbia in 2018 totaled 450,4 million USD, a 41% growth as compared to 2017.

export of goods totaled 268.8 million USD (a 57 growth);

import of goods totaled 162 million USD (a 22.4% growth);

positive trade balance for Ukraine totaled 106.7 million USD.

export of services totaled 17.5 million USD (a 29% growth);

import of services totaled 2 million USD (a 15% decrease);

positive trade balance for Ukraine totaled 15.5 million USD.

Dynamics of bilateral trade in goods and services between Ukraine and the Republic of Serbia (million USD)

Indicators	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018
Trade turnover	674	201	294	409	267	276	264	202	276	319	450
Export	579	143	211	289	136	132	122	118	168	184	286
Import	95	58	83	120	131	144	142	84	108	135	164

Main articles of export: iron ore; ferrous metals and ferrous metal products; wood and wood products; oil seeds, seed products.

Main articles of import: plastics and polymer materials; paper and cardboard; reactors, boilers; electric machines; rubber, mineral fertiles.

According to the data of the State Statistics Service of Ukraine bilateral trade in goods and services between Ukraine and the Republic of Serbia in first quater of 2019 totaled 117.3 million USD, a 5% growth as compared to the same period of previous year.

export of goods totaled 74.4 million USD (a 9% growth);

import of goods totaled 42.9 million USD (a 0.4% decrease);

positive trade balance for Ukraine totaled 31.5 million USD.

export of services totaled 4.5 million USD (a 6.2% growth);

import of services totaled 0.4 million USD (a 37.6% growth);

positive trade balance for Ukraine totaled 4.1 million USD.