Business news from Ukraine

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS IN JAN-APR DECREASED BY 42 TIMES TO $29.6 MLN FROM $1236.7 MLN

The negative balance of Ukraine’s foreign trade in goods in January-April 2022 decreased by almost 42 times compared to the same period in 2021 – to $29.6 million from $1,236.7 million, the State Statistics Service (Gosstat) reported on Tuesday.

According to its data, the export of goods from Ukraine for the reporting period compared with January-April 2021 decreased by 12.3% – to $16.712 billion, imports decreased by 17.5% – to $16.742 billion.

The State Statistics Service clarifies that in April this year, compared to March 2022, the seasonally adjusted volume of exports increased by 7.2%, to $2.727 billion, and imports, by 65.1%, to $2.78 billion.

The seasonally adjusted foreign trade balance in April 2022 was negative and amounted to $0.053 billion, which is better than in April 2021, when the seasonally adjusted foreign trade balance was also negative at $0.359 billion.

The State Statistics Service recalls that in March 2022 it was positive and amounted to $0.86 billion.

The export-to-import coverage ratio in January-April 2022 amounted to 1.00 (in January-April 2021 – 0.94).

The State Statistics Service specified that foreign trade operations were carried out with partners from 215 countries of the world.

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DEFICIT OF FOREIGN TRADE IN UKRAINE IN GOODS FALLS BY 1.15% IN JAN-FEB

The deficit of foreign trade in goods in January-February 2022 decreased by 1.15% to $0.59 billion compared to the same period in 2021, with exports growing by 37% to $11.57 billion, imports by almost 34.56%, to $12.17 billion, according to the State Customs Service.
According to the customs, the trade turnover of Ukraine in January-February grew by 36% compared to January-February 2021 and reached $23.74 billion.
According to the service, the deficit of foreign trade in goods in February fell by 16.5%, to $0.37 billion compared to February 2022, with an increase in exports by 22.5% to $5.54 billion, imports by almost 22%, to $5.91 billion.
Trade in February increased by 22.3% to $11.45 billion, according to data on the service’s website.
According to customs statistics for January-February 2022, Ukraine received the largest volume of trade during this time with China ($67.8 billion, export $24 billion, import $43.6 billion), Russia ($52.2 billion, export $17, 5 billion, import $34.6 billion), Poland ($39.6 billion, export $18.6 billion, import $21 billion).
As reported, in 2021, the deficit of foreign trade in goods amounted to $5.1 billion compared to $4.72 billion in 2020. Import of goods at the end of the year increased by 35.6% compared to 2020, to $73.3 billion, export by 38.3%, to $68.2 billion.

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UKRAINIAN STATE BUDGET DEFICIT IS 1.4% OF GDP IN JAN-NOV

The deficit of the Ukrainian state budget amounted to 1.4% of GDP in January-November, while 5.5% of GDP was projected in the law on the state budget, Prime Minister Denys Shmyhal said.
“Thanks to the balanced fiscal and debt policy, the state budget deficit amounted to only 1.4% of GDP over 11 months,” the prime minister said, opening a government meeting on Wednesday.

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DEFICIT OF UKRAINE’S FOREIGN TRADE DECREASES BY THIRD IN JANUARY-AUGUST

The deficit of Ukraine’s foreign trade in goods over January-August 2021 decreased by 33.9% compared to the same period in 2020, to $1.731 billion from $2.619 billion, the State Statistics Service of Ukraine reported on Wednesday.
According to its data, exports of goods from Ukraine over the specified period increased by 35.6% compared to the same period in 2020, to $41.788 billion, and imports – by 30.1%, to $43.519 billion.
The State Statistics Service clarified that in August, compared with July 2021, the seasonally adjusted volume of exports increased by 1.9%, to $6.008 billion, imports – by 0.6%, to $6.089 billion.
The seasonally adjusted foreign trade balance in August 2021 was negative and amounted to $80 million, which is better than the previous month ($156 million).
The coverage of imports by exports in eight months of this year amounted to 0.96% (over the same period in 2020 – 0.92%).
The State Statistics Service specified that foreign trade operations were carried out with partners from 231 countries of the world.

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DEFICIT OF UKRAINIAN STATE BUDGET TOTALS UAH 43 BLN IN H1

The state budget in January-June 2021 had a deficit of UAH 43.2 billion, and the general fund deficit was almost UAH 50.2 billion, the State Treasury Service of Ukraine has reported.
According to the data on its website, the state budget deficit in June 2021 amounted to UAH 9.47 billion, including the deficit of the general fund reached UAH 18.4 billion.
As the State Treasury Service said, borrowings in the first six months of 2021 amounted to UAH 264.7 billion, including external – UAH 51.5 billion, while repayments for the specified period reached UAH 231 billion, including on external liabilities – almost UAH 24.7 billion.
According to the State Treasury Service, privatization in January-June of this year brought UAH 1.048 billion, while at the end of the year UAH 12 billion is expected to be received under this item.
In general, state budget receipts in the first half of the year amounted to almost UAH 592 billion, including UAH 505.9 billion in the general fund, and expenditures reached UAH 633.6 billion, including UAH 558.7 billion in the general fund, according to the data of the State Treasury Service.

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DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS IN JAN-NOV 2020 DECREASES BY 58.6%

The deficit of Ukraine’s foreign trade in goods in January-November 2020 decreased 58.6% compared to January-November 2019, to $3.897 billion from $9.417 billion, the State Statistics Service reported on Thursday.
According to its data, the export of goods from Ukraine for the reporting period compared to the same period in 2019 fell by 3.5%, to $44.347 billion, imports narrowed by 12.9%, to $48.244 billion.
The State Statistics Service said that in November, compared with October 2020, the seasonally adjusted export volume increased 2.5%, to $4.374 billion, imports grew by 4.3%, to $4.791 billion.
The seasonally adjusted foreign trade balance in November 2020 posted a deficit and amounted to $0.417 billion, a month earlier it also showed a deficit being $0.323 billion.
The ratio of exports to imports in January-April of this year amounted to 0.92 (in January-November-2019 it was 0.83).
The State Statistics Service said that foreign trade operations were carried out with partners from 232 countries.

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