Business news from Ukraine

UKRAINE’S FOREIGN TRADE DEFICIT MORE THAN QUADRUPLES IN Q1 2021

15 May , 2021  

The deficit of Ukraine’s foreign trade in the first quarter of 2021 increased 4.3 times, to $1.049 billion from $0.247 billion in the same quarter of 2020, the State Statistics Service said on Friday.
According to the authority, in the first three months of this year, exports of goods and services grew by 7.6%, to $15.785 billion, while imports rose by 12.9%, to $16.834 billion.
As reported, in 2020, the deficit of foreign trade in goods and services of Ukraine amounted to $0.26 billion, which is 93.1% less than in 2019, and is associated with a decrease in the deficit in trade in goods by 54.6%, to $4.88 billion.