Ukraine can increase the share of exports in the GDP structure to 50%
According to the Ukrainian Ministry of Economy, Ukraine can boost exports percentage in the GDP structure from 35% to 50%.
“35 percent of our GDP was exported before the war. We can raise it much higher, to roughly 50%. However, our exports have a significant flaw: 75% of them are raw materials. Unfortunately, we are a raw material appendage for some more developed nations. We sell them wheat for $350 per ton — they sell us iPhones for $350 per unit,” the First Deputy Prime Minister and Minister of Economy of Ukraine, Yulia Svyrydenko, said.
She stressed that Ukraine could reverse this trend by developing industrial processing and changing the ratios in the opposite direction: exporting 75% of finished goods and services and just 25% of raw materials.