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Ukraine as a Market

Danish export to Ukraine amounted to 1.4 billion DKK in 2010. That was an increase of 9.2% compared to 2009. It is mainly textiles, food, chemical and medical products and equipment to the Ukrainian industrial and agricultural production which are sold. Except the increase within exports, Danish interest in manufacturing and sourcing in Ukraine is also rising.

Market report: A Market overview

Ukraine is a market of great potential with its 46 mio. people. In 2010 economic reforms began and will continue in the years to come. These reforms are needed in order to lift the country’s economic performance to its potential high level. This will boost the Danish export to Ukraine. For the time being there certainly are opportunities in Ukraine for Danish companies. The potential sectors are in particular agriculture, IT outsourcing and consumer goods. Hopefully in 2011 the energy sector will take off as well. There is a great potential for Danish companies due to the fact that Ukraine has never optimized its use of energy, both in the private as well in public sector.

Find the full report here.

Read more about Ukraine as a market on the Danish language version of our homepage.

 

Trade policy and economic conditions

Year 2000 was a turning point for the Ukrainian economy. For the first time since the independence of Ukraine a positive growth was achieved. This continued until 2008; the years' average annual GDP growth in that period was around 7% - 2004 was the record year of 12.1% growth. The global crisis also hit Ukraine and 2009 brought back the negative growth figures from the 1990s. In 2009 the negative growth was approximately -14%, but in 2010 the growth increased by 4.2%, which is also the expected growth for 2011-2012.

You can read more about trade policy and economic conditions as well as finding economic key figures on the Danish language version of our homepage.

The Trade Council at the Embassy can be contacted between 9 a.m. and 4 p.m. Meeting by appointment only. For further details, please click here.

Market Information

Find links to the market and sector reports, figures, analysis and newsletters on markedsinformstion.um.dk. Most of the reports are in English.