Business opportunities and Trade industries in Ukraine
Ukraine has a wealthy supply of agricultural products and oil that boosts the economy of the country. The main agricultural products produced by Ukraine are grain, sugar beets, sunflower seeds, vegetables, beef and milk. The main industries are coal, electric power, ferrous and non ferrous metals, machinery and transport equipment, chemicals, and food processing, especially sugar.
The import and export of goods plays a huge roll in Ukraine’s favorable economy figures. Ukraine’s main import partners are Russia, Germany and Turkmenistan and their main export partners are Russia, Germany, Turkey, Italy, and the United States. The main import commodities of Ukraine are energy, machinery, equipment and chemicals and the main export commodities are ferrous and nonferrous metals, fuel and petroleum products, chemicals, machinery and transport equipment, and food products.
Ukraine’s economic growth has been very stable over the few past years, with an average GDP growth rate of 12%. The GDP per capita was $6,300 in 2004, the GDP was $299,1 billion, and the inflation rate was 12%.
Ukraine’s main investment sectors are: services, textiles, chemicals, food and food related industries, machinery, and energy based projects.