In recent years, the bilateral trade volume between China and Ukraine has accelerated, and China has become Ukraine's sixth largest export market and second largest source of imports. Meanwhile, according to the "Ukraine 2017-2021 Trade Strategy Development Roadmap" released by Ukraine, China is also expected to leap to the second place in Ukraine's export market. It can be expected that in the future, the potential for trade development between the two countries will still be significant, and the trade structure will continue to be optimized while consolidating the foundation. The trade between China and Ukraine may exhibit the following development trends:
Trade between primary industries remains the main body of trade between China and Ukraine
At present, despite the accelerated expansion of bilateral trade between China and Ukraine, bilateral trade between China and Ukraine is still based on the comparative advantage of differences in natural endowments. Ukraine's exports to China are mainly mineral products, plant products and animal and vegetable oil, while China's exports to Ukraine are mainly mechanical and electrical products. In the future, the two countries will still focus on inter industry trade as the main body, utilizing the characteristics of the two countries for economic and industrial complementarity, and further expanding the scale of trade.
The product structure of the second China Ukraine trade will continue to be optimized
On the one hand, in Ukraine's exports to China, in the past two years, more than 200 new export products represented by boiler auxiliary equipment, steam turbines, ship propulsion systems, electric engines, and generators have been added, while reducing the export of base metals and their products; On the other hand, in terms of Ukraine's imports from China, the amount of transportation equipment imported from China has increased significantly, while the import of light industrial products such as shoes and umbrellas has decreased significantly. It can be seen that the trade structure of products between the two countries is constantly optimizing based on their advantages in resources, technology, production processes, and other aspects.
The third agricultural product will continue to be an important growth point in China Ukraine trade
Ukraine has abundant natural resource advantages in agriculture, while China has labor advantages, financial advantages, agricultural product processing technology advantages, modern agricultural production advantages, and logistics management advantages compared to Ukraine. Moreover, China is a major consumer of agricultural products, making agricultural products a key focus of trade between China and Ukraine for many years. In addition, with the continuous development of agricultural product trade between China and Ukraine and the strengthening of bilateral technological exchange and cooperation, Ukraine is expected to increase the added value of agricultural products exported to China
