Ukraine and Sweden have maintained diplomatic relations since the 1990s. Since then, the two countries have been building on their trade relationships. Sweden is one of Ukraine’s major trading partners, with a focus on exports from Ukraine. Ukraine mainly exports agricultural products such as wheat, maize, and sunflower oil to Sweden, while Sweden exports machinery, transport equipment, and chemical products to Ukraine.
In this article, we will take a closer look at the trade relationship between Ukraine and Sweden and explore how the OK Factory platform is helping to promote exports.
Trade Relationship between Ukraine and Sweden
Sweden is a member of the European Union, which is Ukraine’s main trading partner. However, Ukraine’s trade relationship with Sweden has been growing steadily in recent years. In 2020, the trade turnover between the two countries amounted to $671 million, with Ukraine exporting goods worth $413 million and importing goods worth $258 million.
Ukraine’s main exports to Sweden are agricultural products, including cereals, oilseeds, and oil. The demand for these products has been growing in Sweden, which has led to an increase in exports from Ukraine. Sweden mainly exports machinery, transport equipment, and chemical products to Ukraine.
The two countries have signed several agreements to promote trade and investment. In 2013, they signed a bilateral agreement on trade and economic cooperation to promote and protect investments. In 2019, they signed a memorandum of understanding to strengthen cooperation in the areas of agriculture and food, energy, and innovation.
OK Factory Platform and Export Promotion
The OK Factory platform is an online platform that connects Ukrainian exporters with international buyers. The platform provides Ukrainian exporters with access to a network of potential buyers, simplifies the export process, and helps to increase the visibility of Ukrainian products in international markets.
OK Factory was launched in 2014 and has since helped many Ukrainian exporters to expand their businesses globally. The platform has a user-friendly interface and provides exporters with all the necessary tools to showcase their products to potential buyers. The platform also provides support to exporters with logistics, customs clearance, and payment transactions.
The OK Factory platform is helping to promote exports from Ukraine to Sweden by connecting Ukrainian exporters with Swedish buyers. The platform provides Swedish buyers with access to a wide range of Ukrainian products, including agricultural products, textiles, and machinery.
The platform also provides Ukrainian exporters with market intelligence and insights into the Swedish market. This helps exporters to understand the demands of Swedish buyers and tailor their products to meet those demands. This, in turn, helps to increase the competitiveness of Ukrainian products in the Swedish market.
Conclusion
Ukraine and Sweden have a strong trade relationship, with a focus on Ukrainian exports to Sweden. The OK Factory platform is helping to promote exports from Ukraine to Sweden by connecting Ukrainian exporters with Swedish buyers. The platform provides exporters with all the necessary tools to showcase their products to potential buyers, while also providing Swedish buyers with access to a wide range of Ukrainian products. This helps to increase the competitiveness of Ukrainian products in the Swedish market and contributes to the growth of trade between the two countries.
