Business news from Ukraine

Negative balance of Ukraine’s foreign trade in goods in January decreased by almost 12%

16 March , 2024  

The negative balance of Ukraine’s foreign trade in goods in January 2024 decreased by 11.7% compared to the same month in 2023 – to $1.678 billion from $1.9 billion, the State Statistics Service (Gosstat) said on Friday. According to its data, exports of goods from Ukraine in January 2024 compared to January 2023 increased by 8.2% to $3.4 billion, while imports increased by 0.7% to $5.078 billion.

The State Statistics Committee specified that in January-2024 compared to December-2023 seasonally adjusted exports increased by 7.4% to $3.47 billion, while imports remained virtually unchanged at $5.536 billion.

The seasonally adjusted foreign trade balance in January-2024 was negative at $2.066 billion, while December-2023 also recorded a negative balance of $2.304 billion.

The coefficient of export coverage of imports in January 2024 amounted to 0.67 (in January 2023 – 0.62).

State Statistics specified that foreign trade operations were conducted with partners from 191 countries. Analytical Center Experts Club presented a video analysis of the main trends in the economy of Ukraine and the world – https://youtu.be/w5fF_GYyrIc?si=vN_Jp0fh8u1xN_U2.

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