Embassy of Ukraine in the Republic of Kenya

Kyiv 18:04

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

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 2018, bilateral trade between Ukraine and the Union of Comoros amounted to 521.2 thousand USD.

Exports from Ukraine to the Union of Comoros amounted to 301.6 thousand USD (it was 282.8% from the similar period in 2017), import - 219.6 thousand USD (was 210.1% from the same period in 2017).

In 2018, the positive balance of foreign trade between Ukraine and the Union of Comoros amounted to 82 thousand USD.

The structure of foreign trade between Ukraine and the Republic of Rwanda in the years 2017-2018

 (According to the data from the State Statistics Service of Ukraine, in thousand USD)

Year

Export

Import

Balance

Turnover

thousand USD

in % to previous

year

thousand USD

in % to previous

year

2017

106,7

6678%

104,5

74,5

+2.2

211.2

2018*

301,6

282,8*

219.6

210.1*

+82

521.2

(*According to the data from the State Statistics Service of Ukraine in 2018)

The main articles of export of goods from Ukraine to the Union of Comoros in 2018 were: meat and edible offal - 106 thousand USD (35.1%), products of the milling industry - 105.6 thousand USD (35%), wood and wood products - 45.8 thousand USD (15.2%), oil and gas and the products of its distillation - 24.7 thousand USD (8.2%).

The only article of imports of goods from the Union of Comoros to Ukraine in 2018 was: coffee, tea - 219.6 thousand USD (100%).

According to the State Statistics Committee of Ukraine for 2018, the export of services from Ukraine to the Union of Comoros amounted to 494.8 thousand USD. Exports of services from Ukraine to Comoros amounted to 86.8% in relation to 2017.

There was no importation of services to Ukraine from the Union of Comoros in 2018.

Positive balance of turnover between Ukraine and the Union of Comoros in the service sector in 2018 amounted to 494.8 thousand USD. In this case, the only export article was transport services (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 their own (and not imported) food products.