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.
Ukraine’s negative balance of foreign trade in goods in January-July 2023 tripled to $13.879 billion from $4.315 billion in the same period of 2022, the State Statistics Service (Gosstat) reported on Thursday.
According to its data, exports of goods from Ukraine for the period under review decreased by 14.7% to $21.795 billion compared to January-July 2022, while imports increased by 19.4% to $35.673 billion.
The State Statistics Service clarified that in July-2023, compared to June-2023, seasonally adjusted exports decreased by 11.7% to $2.671 billion, while imports increased by 1.7% to $5.132 billion.
The seasonally adjusted foreign trade balance in July 2023 was negative and amounted to $2.461 billion, while in the previous month it was also negative – $2.018 billion.
The State Statistics Service clarified that foreign trade operations were conducted with partners from 225 countries. The Experts Club research project and Maksym Urakin have recently released an analytical video about the economies of Ukraine and the world – https://youtu.be/zCJ1cU3n0sY?si=whY2sRqoznCjmcb7
You can subscribe to the Experts Club YouTube channel at https://www.youtube.com/@ExpertsClub
Index of optimism of leading Chinese economists calculated by Yicai.com declined to 51.65 points in April from 52.3 points in March, but remained above 50 points, which indicates that the positive mood remains.
Experts polled by the newspaper forecast an average increase in GDP in China by 3.99% in the first quarter of this year and by 5.47% for the year as a whole.
The average yuan exchange rate, according to their estimates, will be 6.65-6.69 yuan/$1 this year. It stands at 6.8742 yuan/$1 as of 1 p.m. Moscow time Thursday.
Economic indicators show that China’s economic recovery accelerated in March, but the labor market is still weak and more than a third of industrial companies remain unprofitable, said Zhou Xue, chief economist for China at Mizuho Securities.
China’s foreign trade situation is challenging, and some industries need more support to boost trade with other countries in the region, including ASEAN nations, according to a Yicai editorial.
Chinese exports in the first two months of 2023 were down 6.8 percent compared with the same period a year earlier, while imports fell 10.2 percent.
However, exports increased after February, judging by the flow of cargo traffic to the country’s major ports, the article noted.
Official data on China’s foreign trade dynamics for March will be released on April 13.
China needs to stabilize its exports to maintain its position as the world’s largest producer as well as to help developed countries cope with high inflation, Yicai writes. Beijing should build an institutional system to promote trade and investment instead of using ad hoc measures, the article notes.
Chinese state-owned companies are leading the wave of spinning off operations into independent entities and then placing their shares on the open market, Securities Daily wrote Monday.
According to the paper, 73 companies listed on mainland China stock exchanges are moving forward with deals to spin off businesses and then list them. More than half of the 73 companies are state-owned.
Separating operations and listing new companies on the market is a good way to unlock the value of each unit and expand financing channels, said Hu Conghui, an associate professor at the business school of Beijing Normal University, cited by Securities Daily.
Such deals have a positive effect on the market value of state-owned companies and allow the government to raise capital, said Wu Wanying, an analyst at Tianyi Digital Economy.
Spin-offs are most common in semiconductor equipment, new energy sources and other technology segments.
Geographical structure of foreign trade in goods in 2018-2022 (%)
Source: Open4Business.com.ua and experts.news
Geographical structure of foreign trade in goods in 2018-2022 (%)
Source: Open4Business.com.ua and experts.news
Ukraine’s foreign trade deficit in goods in January-November 2022 increased 2.3 times compared to the same period in 2021, to $8.524 billion from $3.635 billion, the State Statistics Service said.
According to them, exports from Ukraine during this period compared to January-November 2021 decreased by 33.6% to $40.671 billion, imports – by 24.2% to $49.195 billion.
The State Statistics Committee specifies that seasonally adjusted exports decreased by 2.6% to $3.507 billion in November compared to October, while imports increased by 2.0% to $4.827 billion.
The seasonally adjusted foreign trade balance in November-2022 was negative at $1.319 billion, while in October-2022 it was also negative at $1.129 billion.
The coverage ratio of imports by exports in January-November 2022 was 0.83 (0.94 in January-November 2021).
The State Statistics Committee specified that foreign trade transactions were conducted with partners from 230 countries.
