Business news from Ukraine

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS IN JAN-JULY DECREASES BY 57%

15 September , 2020  

The deficit of Ukraine’s foreign trade in goods in January-July 2020 decreased by 57.3% compared to January-July 2019, to $2.120 billion from $ 4.968 billion, the State Statistics Service has reported.
According to it, export of goods from Ukraine for the reporting period compared to the same period in 2019 decreased by 7.3%, to $ 26.630 billion, import by 14.7%, to $28.750 billion.
The State Statistics Service clarifies that in July compared to June 2020, the seasonally adjusted volume of exports rose by 3.6%, to $3.660 billion, imports by 2%, to $4.373 billion.
The seasonally adjusted foreign trade balance in July 2020 was also negative and amounted to $713.2 million, which is better than in the previous month ($751.2 million). The coefficient of coverage of import by export in January-July of this year amounted to 0.93 (in January-July 2019 some 0.85).
The State Statistics Service specified that foreign trade operations were carried out with partners from 221 countries of the world.

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