Business news from Ukraine

Business news from Ukraine

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS IN JAN-APR DECREASED BY 42 TIMES TO $29.6 MLN FROM $1236.7 MLN

15 June , 2022  

The negative balance of Ukraine’s foreign trade in goods in January-April 2022 decreased by almost 42 times compared to the same period in 2021 – to $29.6 million from $1,236.7 million, the State Statistics Service (Gosstat) reported on Tuesday.

According to its data, the export of goods from Ukraine for the reporting period compared with January-April 2021 decreased by 12.3% – to $16.712 billion, imports decreased by 17.5% – to $16.742 billion.

The State Statistics Service clarifies that in April this year, compared to March 2022, the seasonally adjusted volume of exports increased by 7.2%, to $2.727 billion, and imports, by 65.1%, to $2.78 billion.

The seasonally adjusted foreign trade balance in April 2022 was negative and amounted to $0.053 billion, which is better than in April 2021, when the seasonally adjusted foreign trade balance was also negative at $0.359 billion.

The State Statistics Service recalls that in March 2022 it was positive and amounted to $0.86 billion.

The export-to-import coverage ratio in January-April 2022 amounted to 1.00 (in January-April 2021 – 0.94).

The State Statistics Service specified that foreign trade operations were carried out with partners from 215 countries of the world.

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