Business news from Ukraine

DEFICIT OF FOREIGN TRADE IN UKRAINE IN GOODS FALLS BY 1.15% IN JAN-FEB

3 March , 2022  

The deficit of foreign trade in goods in January-February 2022 decreased by 1.15% to $0.59 billion compared to the same period in 2021, with exports growing by 37% to $11.57 billion, imports by almost 34.56%, to $12.17 billion, according to the State Customs Service.
According to the customs, the trade turnover of Ukraine in January-February grew by 36% compared to January-February 2021 and reached $23.74 billion.
According to the service, the deficit of foreign trade in goods in February fell by 16.5%, to $0.37 billion compared to February 2022, with an increase in exports by 22.5% to $5.54 billion, imports by almost 22%, to $5.91 billion.
Trade in February increased by 22.3% to $11.45 billion, according to data on the service’s website.
According to customs statistics for January-February 2022, Ukraine received the largest volume of trade during this time with China ($67.8 billion, export $24 billion, import $43.6 billion), Russia ($52.2 billion, export $17, 5 billion, import $34.6 billion), Poland ($39.6 billion, export $18.6 billion, import $21 billion).
As reported, in 2021, the deficit of foreign trade in goods amounted to $5.1 billion compared to $4.72 billion in 2020. Import of goods at the end of the year increased by 35.6% compared to 2020, to $73.3 billion, export by 38.3%, to $68.2 billion.

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