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Economy

An overview of Ireland's economic relationship with Ukraine is presented below.

Services Exports and Imports with Ukraine

  • Service exports to Ukraine increased by 556m over the three year period from 2017 to 2020, from 91m to 647m, due to increased computer services exports.
  • Service exports to Ukraine at 647m in 2020 represent less than 1% of total services exports.
  • Service imports from Ukraine remain low and increased by just 30m over the same three year period, from 19m to 49m.
  • Service imports from Ukraine at 49m in 2020 represent less than 1% of total service imports.
Exports and Imports of Services with Ukraine
Table 2 Exports and Imports of Services with Ukraine

Value of Merchandise Trade

  • Ireland exported €60 million of goods to Ukraine in 2020, and €92 million in 2021. This represents 0.05% of total exports.
  • Approximately three-quarters of Ireland's exports to Ukraine are Chemical and related products, equating to €47 million in 2020 and €71 million in 2021
  • In 2020, almost 80% of the value of imports from Ukraine were cereals and cereal preparations, with a value of €61 million. The value of these imports in 2021 was €37 million, or 52% of our total imports from Ukraine.
  • Total imports from Ukraine in 2021 were €70 million, or 0.1% of total imports.
Value of Merchandise Trade
Value of Merchandise Trade

Resident Holdings of Foreign Portfolio Securities

These refer to the balance sheet stock of foreign financial assets held by Irish residents at the end of an annual calendar reference period. They form another subset of the International Investment Position or IIP data (in which they are broadly identified on the assets side of the IIP statement under the category portfolio investment). Portfolio investment is a type of investment involving the purchase or sale of equity securities and debt securities (in the form of bonds and notes and money market instruments). Bonds and notes are securities issued with an initial maturity of more than one year while money market instruments are securities issued with an initial maturity of one year or less.

  • In 2020, overall investment in Ukraine (e.g., €1,637m) represented less than 1% of the total investment in foreign securities; they were only composed of debt securities, mainly bonds and notes.
  • From 2018 to 2020, overall investment in Ukraine increased from €924m to €1,637m due predominantly to increased investments in bonds and notes (+76.8%).

Frequency - Annual

Resident Holdings Of Foreign Portfolio Securities

Resident Holdings of Foreign Portfolio Securities (Euro Millions)
Resident Holdings of Foreign Portfolio Securities (Euro Millions)