• Ukraine

    Ukraine

    DEVELOPMENT CHALLENGES 

    Ukraine gained its independence in 1991 and, since then, has undertaken reforms and modernization in its transition towards a market economy. Although real GDP declined in the 1990s, it began growing by 6.9% annually on average between 2000 and 2008, due primarily to strong export growth. Ukraine is classified as “lower-middle” income country and has a “high” Human Development Index (HDI) of 0.729. It is ranked 76th of 187 countries. However, Ukraine was strongly affected by the financial crisis, experiencing a 15.1% drop in GDP in 2009 and a considerable worsening of its GNI per capita, which decreased from US$3,210 in 2008 to US$2,840 in 2009. While per capita GNI has increased to US$3,000 in 2010, the country still faces several important challenges for development.

    • Poverty and inequality
    • Underemployment and a large informal sector
    • Labour and skills shortages
    • Inefficient public administration

    KEY TRADE ISSUES 

    • Weak competitiveness, low productive capacity and export concentration
    • Market concentration and trade deficit
    • Limited access to finance
    • Deteriorating physical infrastructure
    • Cumbersome regulations and customs procedures

    GOVERNMENT PRIORITIES 

    As defined in the Concept of Sustainable Development of Ukraine, the Government’s overall strategic goal is “to improve the quality of life through sustainable socioeconomic development, restoration and protection of the environment, and by building a system of efficient economic management, natural resources, productive and innovative capacity.”

    The national development priorities outlined in the Programme for Economic Reforms for the period of 2010-2014 are to:

    • Create basic preconditions for economic growth through low inflation, sustainable public finances and a stable financial system;
    • Form the most favourable business environment by reducing the role of the state in the economy, reducing administrative barriers for business, modernizing the tax system, and deepening international economic integration;
    • Maintain and develop human and social capital by enhancing stability and social protection as well as improving the quality and accessibility of education and health care; and
    • Improve the efficiency of public administration by reforming the civil service and executive authorities.

    More detailed information on Ukraine can be found here. 

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.