Business news from Ukraine

Business news from Ukraine

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS DOWN TO $4.878 BILLION IN 2020

The deficit of Ukraine’s foreign trade in goods in 2020 decreased by 54.6% compared to 2019 and amounted to $4.878 billion (in 2019 some $10.746 billion), the State Statistics Service has reported.

In 2020, export of goods compared to 2019 decreased by 1.7% (by $847 million), amounting to $49.213 billion, import by 11% (by $6.692 billion), to $54.091 billion.

The coverage of imports by exports was 0.91 (in 2019 some 0.82).

The seasonally adjusted exports of goods in December 2020 compared to November increased by 3.3%, imports – by 3.7%. The seasonally adjusted foreign trade balance in December 2020 was negative and amounted to $499 million. In November 2020, it was also negative at $465 million.

The State Statistics Service specified that foreign trade operations were carried out with partners from 234 countries of the world.

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS INCREASES TO $4.936 BLN

The deficit of Ukraine’s foreign trade in goods in January-July 2019 increased by 18.5% compared with January-July 2018, to $4.936 billion, the State Statistics Service has reported.
According to its data, export of goods from Ukraine for the specified period grew by 7%, to $28.748 billion, while imports by 8.5%, to $33.684 billion.
The service said that in July 2019 the seasonally adjusted export volume decreased by 3.7% compared to May 2019, to $4.081 billion, while imports by 0.2%, to $5.248 billion.
The seasonally adjusted foreign trade balance in July was also negative and amounted to $0.956 billion, which is 12.8% less than in the previous month ($1.096 billion).
The service said that foreign trade operations were carried out with partners from 218 countries of the world.
The ratio of coverage of imports by exports amounted to 0.85 (in January-July 2018 0.87).