Trade and Economic relations between Ukraine and the Union of the Comoros

10 June 2019 22:34

Trade-economic cooperation between Ukraine and the Union of Comoros is currently in its initial stage and is showing a tendency for development.

According to the State Statistics Service of Ukraine, in 2019 bilateral trade between Ukraine and the Comoros amounted to 799.2 thousand USD.

Exports from Ukraine to the Comoros totaled 724 thousand USD (increased up to 240% compared to the same period of 2018), imports - 75.2 thousand USD. (amounted to 34.2% of the same period of 2018).

In 2019, the positive balance of foreign trade between Ukraine and the Comoros amounted to 648.8 thousand USD.

Structure of foreign trade in goods of Ukraine with the Union of Comoros

in 2018 – 2019

(in thousand USD)

Year	Export		Import		Balance	Тurnover
Year	thousand USD	in % to previous year	thousand USD	in % to previous year	Balance	Тurnover
2018	301,6	282,8	219,6	210,1	+82	521,2
2019*	724	240*	75,2	34,2*	+648,8	799,2

(*According to the data from the State Statistics Service of Ukraine in 2019)

The main articles of exports from Ukraine to the Comoros in 2019 were: meat and edible by-products 402.7 thousand USD (55.6%), products of the flour and cereals industry - 294.6 thousand USD (40.7%), timber and wood products 20 thousand USD (2.8%).

The main articles of imports from Comoros to Ukraine in 2019 were: coffee, tea - 69.4 thousand USD (92.4%), the means of land transport except for the railway - 4.5 thousand USD (6%).

According to data from the State Statistics Committee of Ukraine for 2019, exports of services from Ukraine to the Comoros amounted to 970.4 thousand USD. Exports of services from Ukraine to the Comoros increased by 176.1% compared to 2018.

The basis for the export of services from Ukraine to the Comoros in 2019 were: transportation services - 842.3 thousand USD (86.8%), travel-related services – 86 thousand USD (8.9%).

The import of services from the Comoros to Ukraine in 2019 was not carried out.

The positive balance of turnover between Ukraine and the Comoros in the services sector in 2019 amounted to 970.4 thousand USD.

According to the data from the State Statistics Service of Ukraine (as of October 2020), bilateral trade between Ukraine and the Comoros during January - July 2020 amounted to 1 million 156 thousands USD.

During January-July 2020 exports from Ukraine to the Comoros amounted to 1 million 124 thousands USD (increased up to 263.5% compared to the same period of 2019), imports - 32 thousands USD (46.6% compared to the same period of 2019).

During the period January-July 2020, the positive balance of foreign trade between Ukraine and the Comoros amounted to 1 million and 92 thousands USD.

The main items of export of goods from Ukraine to the Comoros (as of January-July 2020) were: meat and edible offal - 814.2 thousand USD (72.4%), products of the flour and cereals industry - 284.1 thousand USD (25.3%), animal or vegetable fats and oils - 13.3 thousand USD (1.2%).

The only article of import of goods from the Comoros to Ukraine (as of January-July 2020) was: coffee and tea – 32,1 thousand USD (100%).

The promising areas of cooperation between Ukraine and the Union of Comoros could be agriculture, medicine, industry, etc.

The Union of Comoros is interested in obtaining small farming machinery with the ultimate goal of securing its own (and not imported) food products.