Business news from Ukraine

FOREIGN TRADE OPERATIONS ARE CONDUCTED WITH 209 COUNTRIES, DEFICIT OF UKRAINE’S FOREIGN TRADE WITH GOODS GROWS 1.5-FOLD IN Q1

The deficit of Ukraine’s foreign trade with goods in January-March 2018 grew 1.5-fold year-over-year, reaching $1.201 billion ($794.1 million in Q1 2017), the State Statistics Service reported on Tuesday. In March, the deficit was $460 million, while in February – $457 million and in January – $284.1 million.
In January-March 2018, exports of goods grew by 10.3% year-over-year, to $11.435 billion, and imports – by 13.2%, to $12.636 billion.
In March 2018 compared with the previous month seasonally adjusted volumes of exports grew by 2.5% and imports – by 2%. The seasonally adjusted deficit of foreign trade in March 2018 was $338.7 million, in February 2018 – the deficit was $352.9 million and in January – $519.9 million.
As a result, the coefficient of coverage of imports by exports was 0.90 (in January-March 2017 some 0.93).
The service said foreign trade operations were conducted with partners from 209 countries.

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SOLD INDUSTRIAL PRODUCTS (GOODS, SERVICES) IN UKRAINE 16.7% UP IN Q1

The volume of sold industrial products (goods, services) in January-March 2018 stood at UAH 621.436 billion, which is 16.7% more than in January-March 2017, in particular the volume sold abroad was worth UAH 166.784 billion, the State Statistics Service has reported. According to the agency, in March 2018 compared to March 2017 the index of turnover of sold production grew by 10.9%, and by 11.1% compared with February 2018. Sales in mining industry in March 2018 compared with March 2017 grew by 2.25 (4.6% compared with February 2018) and in processing industry – by 12.9% (12.6%).
In the total volume of sales, the largest share accounted for processing industry (60.1%), the supply of electricity, gas, steam and air conditioning (25.1%), metallurgical production (18.4%), production of cast iron, steel and ferroalloys (14.3%), mining and quarrying (13.9%) and
As reported, in 2017 industrial products (goods, services) worth UAH 2.153 trillion were sold, which is 21.9% more than in 2016.

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