Page 30 - Azerbaijan State University of Economics

Evangelos Siskos, Konstantia Darvidou: Trade of the EU with Eastern European countries
(case of Ukraine and Turkey)

Table 2. Industries/products where Ukraine is a larger supplier to the EU than
Turkey, 2015.

EU import products Imports from Ukraine minus Imports from Ukraine,
imports from Turkey, $ mln times imports from
Turkey
Cereals 1661 8.5
Iron and steel 1395 1.89
Iron ore and concentrates 992 517
Fixed vegetable oils 707 48
Oil seeds 643 12
Feeding staff for animals 556 987
Wood 529 98
Wood manufacture 240 4.2
Electric current 167 6.9
Coal industry 154 5.8
Fertilizers 113 2.6
Meat 75 7.9
Sugar, molasses and honey 25 1.4
Baby carriages, toys, 21 1.47
games & sporting goods
Railway vehicles 16 1.6
Source: calculations based on UNCTAD data.

The majority of the EU Member States trade more with Turkey. But four
countries export more goods to Ukraine: Lithuania (4.0 times), Cyprus (1.6), Estonia
(1.1) and Poland (1.1); and nine countries export more services to Ukraine: Cyprus
(37), Poland (15.3), Slovakia (3.9), Lithuania (2.6), Hungary (2.6), Croatia (2.5),
Estonia (2.3), Czech Republic (2.1) and Latvia (1.2). Four countries import more
goods from Ukraine: Cyprus (1.3), Hungary (1.4), Latvia (1.2) and Lithuania (1.4);
and five countries import more services from Ukraine: Cyprus (15), Hungary (1.8),
Lithuania (1.5), Slovenia (1.1) and Poland (1.0).
But export and import dependency of the EU is low in both cases. Export
dependency of only two countries on Turkey is relatively high (8.6% – Bulgaria and 6.7%
– Greece). In case of Ukraine the mostly dependent country is Lithuania, but still the share
of exports to Ukraine is low (2.8%). Bulgaria has the largest import dependency, but it is
rather low (5.7% imports originate in Turkey and 1.8% in Ukraine).
The economic crisis of 2014-15, the related devaluation, territorial
disintegration and actions of Russia resulted in downward trend in bilateral trade
between the EU and Ukraine, especially in the EU exports.

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