Page 31 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.74, # 1, 2017, pp. 23-33

In comparison to 2010 in 2015 the EU exports of goods to Ukraine decreased
by 31%, while exports to Turkey increased by 8%. Export growth was better with
Turkey, except in case of Greece (increase of export to Ukraine by 75%, while to
Turkey by 14%), Malta, Luxemburg and Sweden. In comparison to 2010 in 2014 the
EU exports of services to Ukraine increased by 13% (and by 32% to Turkey). Export
change was better with Turkey, except in case of Luxemburg, Greece, Belgium,
Denmark, Croatia, Italy, Cyprus, Lithuania, Hungary, the Netherlands and Slovenia.
The EU imports of goods from Ukraine decreased by 10%, while imports from
Turkey increased by 21%. Import change was better with Turkey, except in case of
Ireland, Portugal, Spain, the Netherlands, Croatia, France, Luxemburg and Slovenia. The
EU imports of services from Ukraine increased by 1%, while imports from Turkey
increased by 10%. Import growth was better with Turkey, except in case of Slovenia,
Denmark, Bulgaria, Greece, Croatia, Lithuania, Luxemburg, the Netherlands and Poland.
The trade balance in goods of the EU with Turkey ($14.8 bln) in 2015 was
better than with Ukraine ($1.2 bln), but both were in surplus. In 2014 trade balance
in services was in surplus with Ukraine ($1.6 bln) and in deficit with Turkey ($-4.7
bln). There are four groups of the EU Member States by trade balance with Turkey
and Ukraine (see tables 3 for trade in goods and 4 for trade in services).
Table 3. Bilateral trade balance in goods of the EU Member states, 2015.
Trade deficit with Ukraine Trade surplus with Ukraine
Trade surplus Bulgaria, the Czech Belgium, Estonia, Finland, France,
with Turkey Republic, Ireland, Italy, Germany, Greece, Hungary,
Latvia, the Netherlands, Lithuania, Luxemburg, Poland,
Slovakia, Spain Sweden
Trade deficit Croatia, Cyprus, Malta, Austria, Denmark, Slovenia,
with Turkey Portugal, Romania United Kingdom
Source: calculations based on UNCTAD data.

Table 4. Bilateral trade balance in services of the EU Member states, 2014.

Trade deficit with Ukraine Trade surplus with Ukraine
Trade surplus Austria, Romania Bulgaria, Czech Republic, Ireland,
with Turkey Greece, Croatia, Latvia, Luxemburg,
Hungary, Netherlands
Trade deficit France, Italy, Cyprus, Belgium, Denmark, Estonia, Poland,
with Turkey Lithuania, Slovenia Portugal, Slovakia, Sweden, United
Kingdom
Source: calculations based on UNCTAD data.

31