Editing Economy of Ukraine (section)

===Trade===
Until recently, Russia{{#tag:ref|Both [[Russian SSR|Russia]] and [[Ukrainian SSR|Ukraine]] were part of the [[Soviet Union]] since 1922 till [[Declaration of Independence of Ukraine|Ukraine declared its independence from the Soviet Union on 24 August 1991]], and before 1917 they were both part of the [[Russian Empire]].<ref>{{cite book|url=https://books.google.com/books?id=BNUtdVrw6lIC&dq=16+July+1991+Ukrainian+state+sovereignty.&pg=PA722|title=A History of Ukraine: The Land and Its Peoples|author=Paul Robert Magocsi|author-link=Paul Robert Magocsi|publisher=[[University of Toronto Press]]|date=2010|isbn=978-1442610217|pages=563/564 & 722/723}}</ref>|group=nb}} was Ukraine's largest trading partner with 25.7% of exports and 32.4% of imports in 2012.<ref name="World Trade Organisation">{{Cite web |url=http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=UA&Language=F |title=WTO Trade Profile Ukraine |access-date=23 January 2014 |archive-url=https://web.archive.org/web/20140221165901/http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=UA&Language=F |archive-date=21 February 2014 |url-status=dead }}</ref> In 2012, 24.9% of exports and 30.9% of imports were to and from the EU.<ref name="World Trade Organisation"/> In 2013, 35.9% of Ukrainian exports went to [[Commonwealth of Independent States|CIS]] countries, including eight countries other than Ukraine. Simultaneously, exports to EU countries was 26.6% of all exports.<ref>{{cite web|url=http://www.ukrinform.ua/eng/news/structure_of_ukrainian_exports_invariable_in_2013_315190|title=Structure of Ukrainian exports invariable in 2013|url-status=dead|archive-url=https://web.archive.org/web/20131225022420/http://www.ukrinform.ua/eng/news/structure_of_ukrainian_exports_invariable_in_2013_315190 |archive-date=25 December 2013|date=24 December 2013}}</ref><ref>{{Cite web |url=http://atlas.media.mit.edu/explore/tree_map/hs/export/ukr/show/all/2012/ |title=Export destinations of Ukraine (2012) |access-date=17 March 2015 |archive-date=27 December 2014 |archive-url=https://web.archive.org/web/20141227223117/http://atlas.media.mit.edu/explore/tree_map/hs/export/ukr/show/all/2012/ |url-status=dead }}</ref><ref>{{Cite web|url=http://www.bloomberg.com/visual-data/best-and-worst//ukraines-biggest-trading-partners-countries|title=Ukraine's Biggest Trading Partners: Countries – Bloomberg Best (and Worst)|website=[[Bloomberg News]]|date=17 March 2015|archive-url=https://web.archive.org/web/20150317011708/http://www.bloomberg.com/visual-data/best-and-worst//ukraines-biggest-trading-partners-countries|archive-date=17 March 2015}}</ref>

In 2015 the EU became Ukraine's largest trading partner, accounting for more than a third of its trade.<ref>{{Cite web|url=http://ec.europa.eu/trade/policy/countries-and-regions/countries/ukraine/|title=Ukraine – Trade – European Commission|date=17 March 2015|archive-url=https://web.archive.org/web/20150317011655/http://ec.europa.eu/trade/policy/countries-and-regions/countries/ukraine/|archive-date=17 March 2015}}</ref> In 2015, Ukrainian exports to Russia had fallen to 12.7%.<ref name="RUTtwpsp">{{cite web|url=http://www.unian.info/economics/1245654-ukraine-sees-309-decline-in-exports-in-11-months-of-2015.html|title=Ukraine sees 30.9% decline in exports in 11 months of 2015|publisher=[[UNIAN]]|date=25 January 2016}}</ref> In 2017, 14.5% of Ukraine's imports came from Russia.<ref name="CIAWFUP">{{cite web |url=https://www.cia.gov/the-world-factbook/countries/ukraine/ |title=The World Factbook |publisher=[[Central Intelligence Agency]] |website=CIA.gov |access-date=23 March 2019}}</ref> In 2017, Ukrainian exports to Russia stood at 9%.<ref name="UNIAN2325981b"/> In 2017, 40% of Ukraine's exports went to the EU and 15% to CIS countries.<ref name="UNIAN2325981b">{{Cite web|url=https://www.unian.info/economics/2325981-weeks-balance-thorny-road-to-bright-economic-future.html|title=Year's balance: thorny road to bright economic future|website=www.unian.info|date=30 December 2017 }}</ref> Overall, Ukraine increased its exports by 20% in 2017.<ref name="UNIAN2325981b"/> The growth of imports was faster than the rate of export growth.<ref name="UNIAN2325981b"/>

In 2015, food and other agricultural products (worth $13 billion), metallurgy ($8.8 billion) and machinery ($4.1 billion) made up most of Ukraine's exports, with trade partners in 217 countries.<ref name="RUTtwpsp"/><ref name="uniant30316">{{cite web|url=http://www.unian.info/economics/1304596-export-of-ukrainian-goods-and-services-to-eu-down-by-25-in-2015.html|title=Export of Ukrainian goods and services to EU down by 25% in 2015|publisher=[[UNIAN]]|date=30 March 2016}}</ref> Exports from Ukraine in 2015 decreased by 29.3% to $38.135 billion. Imports were 31.1% down, to $37.502 billion.<ref name="uniant30316"/> In 2017 almost half of Ukraine's exports were provided by the agrarian complex and food industry, slightly more than 20% by metallurgy and nearly 10% by machine building products.<ref name="UNIAN2325981b"/>

In 2019, China replaced Russia as the largest single-nation trading partner with Ukraine achieved $50.06 billion in  export and $60.78 billion in import.<ref name="eu191001">{{cite web|url=https://emerging-europe.com/news/china-becomes-ukraines-largest-trading-partner/ |title=China becomes Ukraine's largest trading partner |website=Emerging Europe |date=1 October 2019 |first=Dominik |last=Istrate }}</ref><ref name="kyivpost200216">{{cite web|url=https://archive.kyivpost.com/business/china-russia-germany-top-list-of-ukraines-trade-partners-in-2019.html#:~:text=The%20leading%20trade%20partners%20were,6.3%25%20more%20than%20in%202018. |title= China, Russia, Germany top list of Ukraine's trade partners in 2019 |website=Kyiv Post |date=16 February 2020 |first=Artur |last=Korniienko }}</ref> Ukraine was the leading agricultural goods provider in the Chinese market.<ref>{{cite web|url=https://thediplomat.com/2019/10/why-china-is-setting-its-sights-on-ukraine/#:~:text=In%202018%2C%20China%20was%20the,almost%2014%20percent%20outpacing%20Russia. |title=Why China is Setting its Sights on Ukraine |website=The Diplomat |date=4 October 2019 |first1=Valbona |last1=Zeneli |first2=Nataliia |last2=Haluhan}}</ref>

[[Natural gas in Ukraine|Natural gas]] is Ukraine's biggest import and the main cause of the country's structural trade deficit.<ref name=UkNGOSW15713>{{cite web|first=Arkadiusz|last=Sarna|url=http://www.osw.waw.pl/en/publikacje/osw-commentary/2013-07-15/kyiv-s-gas-strategy-closer-cooperation-gazprom-or-a-genuine-div|title=Kyiv's gas strategy: closer cooperation with Gazprom or a genuine diversification|publisher=[[Centre for Eastern Studies]]|date=15 July 2013|url-status=dead|archive-url=https://web.archive.org/web/20131023132057/http://www.osw.waw.pl/en/publikacje/osw-commentary/2013-07-15/kyiv-s-gas-strategy-closer-cooperation-gazprom-or-a-genuine-div|archive-date=23 October 2013}}</ref>

Exports of Ukrainian goods in 2024 reached US$41.73 billion.<ref name=UkraineTrade/>