Ukraine reduces export dependence of economy in 2012
2013-03-01 11:20:59
Export dependence of the Ukrainian economy reduced by 10% in 2012.
Executive Director of the International Bleyzer Foundation Oleh Ustenko has said about this at a round table on Thursday in Kyiv, a UKRINFORM correspondent reports
"Expert dependence of the Ukrainian economy was reduced in 2012: if in 2011, exports occupied about 50% of the GDP general structure, by results of 2012, its share fell to 40%. And this is a good dynamics," Ustenko noted.
According to him, for the first time over recent several years, a considerable change in the Ukrainian export structure took place, in particular, reduction of dependence on an individual geographic market.
"This is primarily a wider geographical diversification and an obvious reduction of dependence on the Russian market. If in 2011, Russia occupied about 35% in total volume of Ukrainian exports, by results of 2012, this dependence reduced actually by 10 percentage points," Ustenko stressed.
As the economist noted, the Russian Federation became for Ukraine the same region as all other regions, with which we are trading.
"If Russia occupies 25.6% of our commodity export now, the European Union - 24.8%. Actually, these are equal shares, the same share falls on Asia - 25.4%. In other words, the Russian Federation became the same region for Ukraine as any other, with which we are trading," he summed up.
However, according to Ustenko, Ukrainian export continues to be under a serious threat.
"External environment of Ukraine is unfavorable - the world markets fall, instability level in the European zone is at a rather high level," the expert noted.