Trade and economic relations of Ukraine and Australia
Australia is the leading trade partner of Ukraine in Oceania.
According to the State Statistics Service of Ukraine, during the first half of 2019 the total trade turnover between Ukraine and Australia reached USD 43,8 mln, that is more than twice as much as during the same period of the past year.
Export of goods from Ukraine to Australia was USD 18,3 mln, and import – USD 25,5 mln.
Major Ukrainian export commodities included metallurgy and machinery, vessels, plastics as well as plant and animal fats and oils.
In its turn, Australia exported to Ukraine mineral fuel, pharmaceutics, machinery, optics, wool, jewelry, carton and paper.
The volume of bilateral trade in services during the first half of the year was USD 3,7 mln (76% increase comparing to the same period of the past year). The main types of the services provided by Australian and Ukrainian companies were logistics, telecommunication and tourism.
As of July 2019, the volume of direct Australian investments into Ukraine amounted to more than USD 2 mln. The largest share of funding was invested into retail trade, information technology and telecommunications.