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Trade and Economic Relations
11 May 2020 19:45
  • According to the State Statistics Service of Ukraine, in the first half of 2020, exports of Ukrainian goods to Belgium decreased by 20.4% compared to the first half of 2019, and amounted to 156.819 million USD. Imports of goods from Belgium decreased by 7.4% and amounted to 253.721 million USD. The negative balance of bilateral trade in goods in this period amounted to 96.902 million USD.
  • According to the results of the first half of 2020, the export of Ukrainian services to Belgium decreased by 13.5% compared to last year and amounted to 45.7 million USD. Imports of services from Belgium decreased by 15.4% and amounted to 67.9 million USD. The negative balance of bilateral trade in services was 22.2 million USD.
  • The total volume of bilateral trade between Ukraine and Belgium in the first half of 2020 amounted to 524.14 million USD.
  • The main export goods are cereals; seeds and fruits of oilseeds, mineral fuels; oil and its distillation products; inorganic chemical products; ferrous metals; textile clothing; wood and products made from it. The main imported goods are pharmaceutical products; plastics, polymer materials; land transport vehicles (except rail); chemical products; nuclear reactors, boilers, machinery; electric machinery; meat; mineral fuels, oil and its distillation products; alcoholic and non-alcoholic beverages and vinegar.
  • The volume of investments in the Ukrainian economy for the first half of 2020 (as of 30.06.2020) amounted to 79.6 million USD. Future investments are directed to already developed areas of economic activity. Significant amounts of investment receipts were directed to industrial enterprises – 33.4% and institutions and organizations engaged in wholesale and retail trade; repair of motor vehicles and motorcycles – 15.5%.
  • More than 120 enterprises with Belgian investments are registered in Ukraine. The main areas where Belgian capital is used are: industry (based on food production and mechanical engineering), trade and services, transport and telecommunications, agriculture, logistics, technology and innovation.
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