Business news from Ukraine

Business news from Ukraine

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS DOWN TO $4.878 BILLION IN 2020

15 February , 2021  

The deficit of Ukraine’s foreign trade in goods in 2020 decreased by 54.6% compared to 2019 and amounted to $4.878 billion (in 2019 some $10.746 billion), the State Statistics Service has reported.

In 2020, export of goods compared to 2019 decreased by 1.7% (by $847 million), amounting to $49.213 billion, import by 11% (by $6.692 billion), to $54.091 billion.

The coverage of imports by exports was 0.91 (in 2019 some 0.82).

The seasonally adjusted exports of goods in December 2020 compared to November increased by 3.3%, imports – by 3.7%. The seasonally adjusted foreign trade balance in December 2020 was negative and amounted to $499 million. In November 2020, it was also negative at $465 million.

The State Statistics Service specified that foreign trade operations were carried out with partners from 234 countries of the world.