The growth of exports to the EU became possible thanks to the opening of European markets and measures to support the Ukrainian economy.
The export of Ukrainian goods to EU countries in 2022 increased by 4.2% compared to 2021 and reached almost $28 billion. This was reported by the Ministry of Economy on Wednesday, January 11.
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It is indicated that the growth of exports to the EU became possible, in particular, due to the opening of European markets for Ukrainian goods (temporary trade liberalization for one year, economic visa-free travel), the initiative of the EU Solidarity Pathway, customs visa. -free travel, visa-free travel, etc.
Also, exports grew thanks to measures to support the Ukrainian economy: tax liberalization, deregulation, support for producers, export insurance using ECA tools.
The Ministry of Economy believes that the dynamics of Ukraine’s foreign trade indicators in 2023 will develop in the direction of gradual compensation for the losses incurred in 2022.
“The budget for 2023 provides for an increase in exports of goods and services by 7.2%. This takes into account the current situation in the production complex with access to three ports on the Black Sea for the export of agricultural products, the gradual expansion of domestic demand, the need for IT services in the world etc.,” the message said.
Recall that in 2022, exports of goods from Ukraine will decrease by 35% to $44.1 billion. At the same time, metallurgy suffered the most.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.