Business news from Ukraine

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS 55.3% DOWN IN TWO MONTHS

28 May , 2021  

The negative balance of Ukraine’s foreign trade in goods in January-February 2021 decreased by 55.3% compared to January-February 2020, to $ 256.5 million from $ 573.2 million, the State Statistics Service has reported.
According to its data, the export of goods from Ukraine for the reporting period increased by 4.5%, to $ 8.475 billion, imports by 0.5%, to $ 8.731 billion.
The State Statistics Service clarifies that in February 2021 compared to January 2021, the seasonally adjusted export volume increased by 4.3%, to $ 4.625 billion, while imports decreased by 1.1%, to $ 5.04 billion.
The seasonally adjusted foreign trade balance in February 2021 was negative and amounted to $ 415.1 million, while in the previous month the balance was also negative and amounted to $ 665.1 million.
The ratio of coverage of import by export in January-February 2021 amounted to 0.97 (in January-February 2020 some 0.93).
The State Statistics Service clarified that foreign trade operations were carried out with partners from 201 countries of the world.

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