China bypasses Russia in trade with Ukraine
The statistics on Foreign Trade published by the Ukrainian National Bank indicates that China bypassed Russia and became the leading trading partner of Ukraine. Its share in the total volume of trade in the first quarter of 2019 was 10.6%, while the share of Russia was 9.7%. At the end of 2018, the share of Russia was 11.5% and China 9.8%.
In January-March, Ukraine exported goods to China for $621 million and imported for $1,928 billion (negative balance $1,306 billion). Exports to Russia amounted to $592 million, and imports to $1.748 billion (negative balance $1.156 billion).
Germany remains Ukraine’s third-largest trading partner, followed by Poland, Belarus, Turkey, USA, Italy, India, and Egypt.