Embassy of Ukraine to the Republic of Senegal

Kyiv 08:31

Trade and economic relations between Ukraine and the Republic of Guinea

Bilateral trade turnover (according to data of the State Statistics Service of Ukraine in million USD)

Indexes

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017  2018  2019
Jan-Mar

Commodity turnover

109,6

98,6

119,7

111,4

123,9

139,1

119,6

127,4

112,41

 106

137.78

37.4

Export

20,7

5,9

13,6

10,7

7,4

9,2

13,5

13,3

17,35

8,21

19.29

1.6

Import

88,9

92,7

106,1

100,7

116,5

129,9

106,1

114,1

95,06

97,79

118.49

35.8

Balance

-68,2

-86,8

-92,5

-90

-109,1

-120,7

-92,6

-100,8

-77,71

-89,58

-99.2

-34.2

In 2018 the bilateral commodity turnover was 137.78 million USD. Ukrainian exports increased by 134.9% to 19.29 million USD compared to the previous year. And imports increased by 21.2% to 118.49 million USD. The negative trade balance is 99.2 million USD.

The structure of export between Ukraine and the Republic of Guinea in 2018: cereal crops (33.6%), ferrous metals (32.6%); meat and eatable by-products (16.5%).

The structure of import in 2018: ores, slag and cinders (100%).

In January-March, 2019 the bilateral commodity turnover was 37.4 million USD. Ukrainian exports decreased by 67.5% to 1.6 million USD compared to the respective period of the previous year. And imports increased by 34.2% to 35.8 million USD compared to the respective period of the previous year. The negative trade balance is 34.2 million USD.

The structure of export between Ukraine and the Republic of Guinea in January-March, 2019: nuclear reactors, boilers, machines (37.7%), meat and eatable by-products (25.5%), various food products (12.2%), animal fats and vegetable oils (9.6%), ferrous metal products (4,8%).

The structure of import in January-March, 2019: ores, slag and cinders (99.9%).

On September 12, 2018, the Chairman of the Organized Group of Businessmen (GOHA) signed a partnership agreement with the Ukrainian National Committee of the International Chamber of Commerce (ICC Ukraine).