Analyses

The collapse of Ukraine’s foreign trade

On 17 March, the State Statistics Committee of Ukraine published data on the country’s foreign trade, which show that in January this year the export of Ukrainian goods to EU markets fell by 31%, and to Russia by 60% (compared to last January). The total of Ukrainian goods exports in January fell by 31%, while imports decreased by 33.4%. The largest decline in exports was recorded by the Donetsk and Lugansk oblasts, 64.3% and 96.6% respectively, as work in many metal works and coal mines has been halted because of the war.

Commentary