Over the last years, Ukraine has intensified its trade links with the EU driven by both the positive stimulus provided by the Association Agreement and a negative stimulus, namely the need to replace lost trade links with Russia. Between 2013 and 2018, the share of EU in Ukraine’s international trade in goods increased to 42% from 31%[1], while 2018 trade value at USD 43.4 bn almost reached pre-crisis level (USD 43.8 bn in 2013) and grew by over 50% from 2015.
[1] According to Ukrstat data, the share of Russia dropped from 27% to 11% of trade in goods between 2013 and 2018.
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