Business news from Ukraine

Business news from Ukraine

Negative balance of Ukraine’s foreign trade in goods in January-February 2023 increased 3.4 times

Ukraine’s negative balance of foreign trade in goods in January-February 2023 increased 3.4 times compared to the same period in 2022 – to $3.713 billion from $1.083 billion, the State Statistics Service (Gosstat) reported on Friday.

According to her data, exports of goods from Ukraine during this period compared to January-February 2022 decreased by 42.8% – to $6.459 billion, imports – by 17.9%, to $10.172 billion.

The State Statistics Committee specified that seasonally adjusted exports rose 4.8% to $3.543 billion in February-2023 compared to January-2023, while imports rose 3.2% to $5.79 billion.

The seasonally adjusted foreign trade balance in February-2023 was negative at $2.248 billion, while in the previous month it was also negative at $2.23 billion.

The January-February 2023 import coverage ratio for exports was 0.64 (January-February 2022 – 0.91).
The State Statistics Committee specified that foreign trade operations were conducted with partners from 206 countries.

Ukraine’s foreign trade deficit in goods in 2022 increased by 2.3 times

Ukraine’s negative balance of foreign trade in goods in 2022 increased 2.3 times compared to 2021 – to $11.125 billion from $4.771 billion, the State Statistics Service (Gosstat) said on Tuesday.

According to its data, exports of goods from Ukraine for the year compared to the previous year decreased by 35.1% – to $44.149 billion, imports – by 24.1%, to $55.274 billion.

State Statistics said that in December 2022, compared to November of that year, seasonally adjusted exports decreased by 2.4% – to $3.376 billion, while imports rose by 9.8% – to $5.347 billion.

The seasonally adjusted foreign trade balance in December 2022 was negative at $1.971 billion, while in November of that year it was also negative at $1.409 billion.

The ratio of exports to imports in 2022 was 0.80 (0.93 in 2021).

The State Statistics Committee specifies that foreign trade transactions were carried out with partners from 233 countries.

Earlier the Club of Experts analyzed in detail the macroeconomic indicators of Ukraine and other countries.

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