Business news from Ukraine

Business news from Ukraine

SURPLUS OF UKRAINE’S FOREIGN TRADE IN SERVICES IN Q1 INCREASES BY 2%

The surplus of Ukraine’s foreign trade in services in January-March 2019 increased by 2% compared with January-March 2018, to $1.489 billion ($1.461 billion in Q1 2018), the State Statistics Service has reported. Exports of services in January-March 2019 grew by 12.3%, to $2.877 billion, while imports of services rose by 26.1%, to $1.388 billion.
The ratio of coverage of imports by exports was 2.07 in January-March 2019 (2.33 in Q1 2018).
Foreign trade operations in the service sector were carried out with partners from 214 countries.

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS IN 2018 GROWS BY 54.5% TO $9.8 BLN

The deficit of Ukraine’s foreign trade in goods in 2018 grew by 54.5% compared with 2017, to $9.801 billion (to $6.343 billion in 2017), the State Statistics Service said on Thursday. In 2018, exports of goods increased by 9.4%, or $4.073 billion, compared to 2017, to $47.340 billion, while imports rose by 15.2%, or $7.542 billion, to $57.141 billion.
The ratio of coverage of imports by exports was 0.83 (0.87 in 2017).
The State Statistics Service specified that foreign trade operations were conducted with partners from 221 countries of the world.

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