The deficit of Ukraine’s foreign trade in goods in January-August 2020 decreased 59.4% compared to January-August 2019, to $2.399 billion from $5.915 billion, the State Statistics Service reported on Thursday.
According to its data, the export of goods from Ukraine for the reporting period compared to the same period in 2019 decreased 6.6%, to $30.843 billion, imports fell by 14.6%, to $33.242 billion.
The State Statistics Service said that in August 2020, compared with July 2020, the seasonally adjusted volume of exports increased 5%, to $4.068 billion, imports grew by 1.6%, to $4.462 billion.
The seasonally adjusted foreign trade balance in August 2020 also saw a deficit and amounted to $393.6 million, which, however, is better than the previous month ($517.2 million). The export coverage ratio of imports in January-August this year amounted to 0.93 (in January-August 2019 it was 0.85).
The State Statistics Service said that foreign trade operations were carried out with partners from 225 countries.