Bilateral commerce 

Ukraine and France

9 months of 2021   

According to the results of 9 months of 2021, the total turnover of bilateral trade between Ukraine and France was 2102.3 mln. USD (+27.9% compared to 9 months of 2020). The growth is due to a strong increase in exports (+51.6%) and imports (+21.9%) of goods, however, the export of Ukrainian services has an insignificant increase +2.2% (see Table 1). The foreign trade surplus for Ukraine is negative and amounts to -660.6 mln. USD.

Table 1

Bilateral trade between Ukraine and France, mln USD 

According to the State Statistical Service of Ukraine 

The main Ukrainian goods exported to France in 9 months of 2021 were: fats and oils of animal and vegetable origin (15.4%), oil seeds and fruits (14.9%), residues and wastes of food industry (14.6%), ferrous metals (8.3%), wood and wooden objects (6.4%), reactors, boilers, machines (4.7%), clothes and accessories, textiles (3.7%).

According to the results of 9 months of 2021, there is a decrease of an important Ukrainian export product like clothes and accessories, textiles (-28.4%). However, there is a positive trend in other trade products: ores, slag and ash (in 4 times), ferrous metals (in 3 times), electrical equipment (in 2 times), oil seeds and fruits (+70%), furniture (+70%), railway locomotives (+43%), ferrous metal products (+77.3%).

Table 2

The main Ukrainian goods exported to France in 9 months of 2021 

Product title	Value, mln USD	Share, %.	Dynamic, %.
Total	581,1	100,0	+51,6
15 fats and oils of animal or vegetable origin	89,3	15,4	+20,4
12 oil seeds and fruits	86,6	14,9	+70,1
23 industrial residues and waste	84,7	14,6	+25,3
72 ferrous metals	47,9	8,3	+204,5
44 wood and wooden objects	37,0	6,4	+26,6
26 ores, slag and ash	27,4	4,7	+292,7
62 clothing and accessories, textiles	21,3	3,7	-28,4
94 furniture	21,0	3,6	+69,8
85 electrical equipment	20,8	3,6	+96,4
08 edible fruits and nuts	19,4	3,3	+28,4
31 fertilizer	16,5	2,8	н/д
73 ferrous metal products	15,1	2,6	+77,3
84 nuclear reactors, boilers and machinery	14,4	2,5	+19,9

According to the State Statistical Service of Ukraine 

 

Imports of French goods to Ukraine in 9 months of 2021 consisted mainly of various chemical products (15.0%), means of land transport other than railways (11.9%), pharmaceuticals (10.7%), nuclear reactors, boilers and machinery (8.6%), essential oils (8.4%). The increase in French imports of +22.8% was due to the increase in the supply of all types of goods.

Table 3

The main French goods imported into Ukraine in 9 months of 2021 

Product title	Value, mln USD	Share, %.	Dynamic, %.
Total	1277,7	100,0	22,8
38 miscellaneous chemicals	191,6	15,0	9,7
87 means of land transport other than railways	152,1	11,9	10,3
30 pharmaceutical products	136,2	10,7	5,0
84 nuclear reactors, boilers and machinery	110,2	8,6	56,6
33 essential oils	106,9	8,4	29,9
85 electrical equipment	54,1	4,2	26,7
27 mineral fuels; petroleum and petroleum refinery products	50,3	3,9	852,4
12 oil seeds and fruits	43,2	3,4	23,9
10 cereals	41,1	3,2	22,9
39 plastics, polymeric materials.	35,4	2,8	51,1
22 иalcoholic and non-alcoholic beverages and vinegars	35,3	2,8	36,6
34 soaps, organic surfactants	35,0	2,7	46,1

According to the State Statistical Service of Ukraine 

As for the bilateral trade in services, the value of services provided by Ukraine to France during 9 months of 2021 was 139.8 mln USD (+0.7% compared to the corresponding period of 2020). The main Ukrainian export services to France are telecommunication services, computer services (46%), transportation services (23.4%), business services (21.2%) and material resources processing services (5.9%).

It is worth noting the positive trends in services provided by Ukraine in the field of telecommunications, computer and information services (+7.7%), while exports of transportation services fell sharply (-14.3%).

French companies provide in Ukraine transportation services (28.5%, dynamics of +21.7%), business services (25.6%, dynamics of +39.9%), telecommunication services, computer services (13.8%, dynamics of +79.8%), other services related to financial business (10.5%, dynamics of +20.7%), royalties and other services related to the use of intellectual property (10.0%, dynamics of -5.3%). In total, in the 9 months of 2021, French services imports to Ukraine increased by 32.4% to USD 103.7 mln.

The balance of trade in services with France is positive for Ukraine and amounts to USD 36 mln.

At the end of the first half of 2021, direct investments from France to Ukraine amounted to USD 1143.5 mln (+105.3 mln USD compared to 2020 results). The largest amount was invested in financial and insurance activities (USD 414 mln). The largest investments were in financial and insurance activities (USD 414 mln), wholesale and retail trade (USD 241.8 mln) and processing industry (USD 146.7 mln).