Trade and Economy
Ukraine-Georgia Bilateral Trade
According to the State Statistics Service of Ukraine, in 2020, the total trade of goods and services between Ukraine and Georgia decreased by 15.6% and amounted to $516.7 million ($612.3 million in 2019). The volume of export of goods and services from Ukrainian to Georgia decreased by 7.4% and amounted to $370.5 million. The volume of import of goods and services from Georgia to Ukraine decreased by 31.1% and amounted to $146.2 million. The trade balance of goods and services is positive for Ukraine and amounted to $224.3 million.
In 2020 the volume of total trade of goods between Ukraine and Georgia decreased by 12.6% and amounted to $448.8 million ($513.8 million in 2019). The volume of export of goods from Ukrainian to Georgia decreased by 5.5% and amounted to $335.9 million, and the volume of import of goods from Georgia to Ukraine decreased by 28.7% and amounted to $112.9 million. The trade balance of goods during this period was positive for Ukraine and amounted to $223.0 million.
The keystone of Ukrainian export to Georgia were tobacco and industrial tobacco substitutes (20.9%), ferrous metals (13.7%), waste from the food industry (5.6%); milk and dairy products, poultry eggs, natural honey (5.4%), pharmaceutical products (3.8%), grain products (3.3%), electric machines (3.2%), meat and edible offal (3.1%).
The keystone of Georgia import to Ukraine were spirits and soft drinks (64.6%), fertilizers (14.7%), copper and copper products (6.4%), fruits and nuts (4.8%); essential oils (1.8%), coffee and tea (1.2%), salt, sulfur, earth and stones (0.9%).
In 2020 the volume of total trade of services between Ukraine and Georgia decreased by 31.1% and amounted to $67.9 million ($98.5 million in 2019). The volume of export of services from Ukraine to Georgia decreased by 22.6% and amounted to $34.6 million. The volume of import of services from Georgia to Ukraine decreased by 38.1% and amounted to $33.3 million. The trade balance of services was positive for Ukraine and amounted to $1.3 million.
The main exports of services were transport (53.2%), repair and maintenance (16.7%), business (16.3%), telecommunications and information (7.6%), insurance (2.5%) and travel (2.2%).
The base of Georgian import of services were transport (80.8%), business (8.0%), telecommunications and information (6.9%), travel (2.7%) and government (1.2%).
Exporters and Investors Council under the Ministry of Foreign Affairs of Ukraine
Exporters and Investors Council (EIC) under the Ministry of Foreign Affairs of Ukraine was established in 2013 in order to safeguard national interests in Ukrainian export promotion and attraction of foreign investments to Ukraine.
EIC is a platform, which unites Ukrainian producers, exporters and leading business associations providing necessary support in promoting their goods and services abroad and entering new markets, as well as attracting foreign investors and companies to Ukraine effectively using diplomatic tools, resources and networks.
The Head of the Council is the Minister for Foreign Affairs of Ukraine.
More information - https://rei.mfa.gov.ua/en
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Export and investment potential of the regions of Ukraine