Business news from Ukraine

DEFLATION IN UKRAINE COMES TO 0.7% IN JULY – STATISTICS

Consumer prices in Ukraine fell by 0.7% in July, while since the beginning of the year their growth was 3.6%, the State Statistics Service of Ukraine has reported.
According to the agency, in annual terms (July 2018 to July 2017) inflation slowed down to 8.9% from 9.9% in June and 11.7% in May.
Underlying inflation in July 2018 also fell to minus 0.1% from zero in June.
Since the beginning of the year, the growth of the basic consumer price index stood at 3.4%. In annual terms, the growth of the index slowed to 8.8% from 9% in June.
According to the agency, in July prices for food and non-alcoholic beverages decreased by 1.9% compared to June 2018, those of vegetables, fruits and eggs fell by 12.4-7.6%, while prices of milk and dairy products, lard, butter, pork were down by 1.1-0.2%.
At the same time, prices for sugar, cereals, bread, rice, poultry, pasta, fish and fish products went up by 1.9-0.7%.
Prices for alcoholic drinks and tobacco products increased by 1.8%, in particular for tobacco products by 2.6%, alcoholic drinks by 0.8%.
The growth of tariffs for housing, water, electricity, gas and other fuels by 0.5% occurred mainly due to the increase in tariffs for the maintenance of houses and adjacent areas by 4.2%, sewerage by 2.8%, water supply by 2.2%.
The increase in prices for transport as a whole by 0.7% was mainly due to a rise in fare in road passenger transport by 3.6%. At the same time, the cost of fuel and oil fell by 0.3%.

FIVE STATES CONTROL OVER 50% OF ALL IMPORTS TO UKRAINE IN JAN-MAY, 2018

5 countries control over half of all goods imports to Ukraine. Foreign trade operations were conducted with partners from 210 countries, but Russia, China, Germany, Poland, Belarus are in top-5 among other exporters of goods to Ukraine.
According to the statistical data, Russia is the first exporter of its good to Ukraine with 14,8% of all trade volume, the second is China (12,1%). The USA is the 6-th exporter to Ukraine, the UK is on the 13-th place.
The deficit of Ukraine’s foreign trade in goods in January-May 2018 increased by 1.4 times compared with January-May 2017 and amounted to $2.055 billion, the State Statistics Service has said. According to its data, in May the deficit was $632 million, while in April some $221.6 million, in March $460 million, in February $457 million, and in January $284.1 million. In January-May 2018 exports of goods compared to January-May 2017 increased by 12.9%, amounting to $19.460 billion, imports by 15.3%, to $21.515 billion.
In May 2018 compared to the previous month, the seasonally adjusted export volumes decreased by 5.8%, imports by 13.4%. The seasonally adjusted foreign trade balance in May 2018 was negative and amounted to $946.5 million, negative indicators were also fixed in April 2018 at $570.8 million, in March at $508.2 million, in February at $411.8 million, and January at $580.5 million.
The ratio of coverage of imports by exports was 0.9.
Foreign trade operations were conducted with partners from 210 countries, a share of top-20 importers to Ukraine is more than 75% of a total volume.

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