The latest Regional Economic Prospects report published by the European Bank for Reconstruction and Development (EBRD) on 29^th June 2021 stated that Ukraine’s economy is set to return to growth in 2021. The Bank forecasts the country’s gross domestic product (GDP) to increase 3.5% on the year in both 2021 and 2022. The major risks to its forecasts are the country’s slow movement on reform and vaccination. A decline in foreign demand, combined with the impact of repeated lockdowns on domestic demand, caused GDP to decline by 4% in 2020.

The eastern European nation, Ukraine imported 2347 tonnes of aluminium tubes and pipes during 2018-20 and the expenditure occurred for the import was $10.14 million.

Ukraine’s import of aluminium tubes and pipes in 2018 was recorded at 458 tonnes and the expenditure remained was $2.23 million, whereas, in 2019, the import illustrated growth by 79.25%, as the import volume rose to 821 tonnes and expenditure also grew to $3.87 million.

 In 2020, the import was registered at 1068 tonnes, a rise of 30.08% and the expenditure accounted for $4.04.

Ukraine’s import in 2021 is analysed with further marginal growth of 3.83%, as the import volume is expected to remain at 1109 tonnes and the expenditure to stand at $3.84 million.

The major trading destinations for Ukraine’s import of aluminium tubes and pipes are Bulgaria, China, Czech Rep., Italy, Poland, Netherlands, Russia, Turkey, etc.