The negative balance of Ukraine’s foreign trade in goods in January-May 2023 increased nine times compared to the same period of 2022 – to $8.975 billion from $1.004 billion, the State Statistics Service (Gosstat) said on Friday. According to its data, exports of goods from Ukraine for the period compared to January-May 2022 decreased by 15.6% to $16.448 billion, while imports increased by 24.1% to $25.423 billion.
The State Statistics Committee specified that in May-2023 compared to April-2023, seasonally adjusted exports decreased by 0.8% to $3.221 billion, while imports increased by 2.8% to $5.488 billion.
The seasonally adjusted foreign trade balance in May-2023 was negative at $2.267 billion, while it was also negative at $2.093 billion in the previous month.
The export-import coverage ratio in January-May 2023 amounted to 0.65 (0.95 in January-May 2022).
The State Statistics Service specified that foreign trade operations were conducted with partners from 223 countries.
