Business news from Ukraine

Negative balance of Ukraine’s foreign trade increased 2.8 times

15 January , 2024  

The negative balance of Ukraine’s foreign trade in goods in January-November 2023 increased 2.8 times compared to the same period of 2022 – to $24.351 billion from $8.570 billion, the State Statistics Service (Gosstat) said on Monday.
According to its data, exports of goods from the country during the period decreased by 18.9% compared to January-November 2022 – to $32.978 billion, while imports increased by 16.5% – to $57.329 billion.
The State Statistics Committee specified that in November-2023 compared to October-2023, seasonally adjusted exports increased by 3.1% to $2.583 billion, while imports decreased by 9.5% to $4.749 billion.
The seasonally adjusted foreign trade balance in November-2023, as in the previous month, was negative at $2.166 billion compared to $2.741 billion before.
The export-import coverage ratio in January-November 2023 was 0.58 (0.83 in January-November 2022).
State Statistics specified that foreign trade operations were conducted with partners from 228 countries.
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