Embassy of Ukraine to the Republic of South Africa

Kyiv 05:16

Trade and Economic Cooperation between Ukraine and South Africa

Trade and economic cooperation

According to the information of the State Statistics Service of Ukraine, in 2017 trade turnover in goods between Ukraine and South Africa made 249,7 million USD, increasing by 40,5 % in comparison with 2016. At the same time, export of commodities from Ukraine to the Republic of South Africa made 78,45 million USD increasing by 30,8 %, and import of goods from South Africa to Ukraine made 171,25 million USD increasing by 45,4 %. Bilateral trade balance was negative for Ukraine and amounted 92,8 million USD.

In 2018 trade turnover in goods between Ukraine and South Africa made 170 million USD, decreasing by 32% in comparison with 2017. Export of commodities from Ukraine to South Africa made 34,1 million USD decreasing by 56,5% and import of goods from South Africa to Ukraine made 135,8 million USD decreasing by 20,7%. Bilateral trade balance was negative for Ukraine and amounted 101,7 million USD.

During the period of January-May of 2019 trade turnover in goods between Ukraine and South Africa made 31 million USD, decreasing by 54,9% in comparison with the same period of 2018. Export of commodities from Ukraine to South Africa made 5,8 million USD decreasing by 43,1% and import of goods from South Africa to Ukraine made 25,2 million USD decreasing by 57%. Bilateral trade balance was negative for Ukraine and amounted 19,3 million USD.

In 2018 volume of trade in services between Ukraine and South Africa, according to the information of the State Statistics Service of Ukraine, amounted 6,7 million USD, increasing 1,8-fold in comparison with 2017. Ukrainian export of services increased almost 3-fold in comparison with 2017 and made almost 5 million USD, import of services decreased by 15,4% and made 1,7 million USD. Bilateral balance of trade in services was positive for Ukraine and amounted 3,3 million USD.

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