Business news from Ukraine

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS GROWS BY 42% IN JAN-JULY

The deficit of Ukraine’s foreign trade in goods in January-July 2018 increased by 42.7% compared to January-July 2017, to $4.064 billion (it was $2.848 billion in January-July 2017), the State Statistics Service of Ukraine said. The deficit in July alone was $1.406 billion, while it was $602.7 million in June, $632 million in May, $221.6 million in April, $460 million in March, $457 million in February, and $284.1 million in January.
Exports of goods in January-July this year increased by 12.7% year-over-year, to $26.876 billion, while imports grew by 15.9%, to $30.94 billion.
Seasonally adjusted exports in July 2018 decreased by 7% from June 2018, imports grew by 0.7%. Seasonally adjusted foreign trade in July 2018 was negative and the deficit was estimated at $1.214 billion. The deficit was also registered in June 2018 ($894.2 million), in May ($ 946.5 million), in April ($570.8 million), in March ($508.2 million), in February ($411.8 million) and in January ($580.5 million).
The ratio of coverage of imports by exports was 0.87 (it was 0.89 in January-July 2017).
Ukraine traded with partners from 212 countries.

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SURPLUS OF UKRAINE’S FOREIGN TRADE IN SERVICES INCREASES TO $2.826 BLN IN H1, 2018

The surplus of Ukraine’s foreign trade in services in the first half of 2018 increased by 6% compared to the same period in 2017, to $2.826 billion (in the first half of 2017 some $2.658 billion), the State Statistics Service has said. According to its data, exports of services in January-June of 2018 increased by 5.7%, to $5.378 billion, imports by 4.9%, to $2.552 billion.
The ratio of coverage of imports by exports was 2.11 (for the six months of 2017 some 2.09).
Foreign trade operations were carried out with partners from 216 countries

UKRAINE’S FOREIGN TRADE (EXPORT OF GOODS) IN JAN-MAY, 2018

Foreign trade operations were conducted with partners from 210 countries. The ratio of coverage of imports by exports in Ukraine was 0.9.
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.
Russia is still on the first place among main export markets for Ukrainian goods (7,8% of all trade volume), 4 years ago a share of Russia was more than a quarter of all Ukrainian export..
The second goes Poland (7,0%), the third one is Turkey (6,2%).
Also in top-ten export destinations are Italy, India, China, Germany, Egypt, Hungary, the Netherlands. The USA is the 13-th export market of Ukraine, the UK and France are not presented even in top-20 of the main markets for Ukrainian goods.

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