Business news from Ukraine

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS IN 2018 GROWS BY 54.5% TO $9.8 BLN

The deficit of Ukraine’s foreign trade in goods in 2018 grew by 54.5% compared with 2017, to $9.801 billion (to $6.343 billion in 2017), the State Statistics Service said on Thursday. In 2018, exports of goods increased by 9.4%, or $4.073 billion, compared to 2017, to $47.340 billion, while imports rose by 15.2%, or $7.542 billion, to $57.141 billion.
The ratio of coverage of imports by exports was 0.83 (0.87 in 2017).
The State Statistics Service specified that foreign trade operations were conducted with partners from 221 countries of the world.

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DEFICIT IN UKRAINE’S FOREIGN TRADE IN GOODS 1.7 TIMES UP IN 11 MONTHS OF 2018

The deficit of Ukraine’s foreign trade in goods in January-November 2018 increased by 66.6% compared with January-November 2017 and amounted to $8.866 billion, the State Statistics Service has reported.
According to its data, in November the deficit amounted to $920 million, whereas in October it was $1.48 billion, in September $1.46 billion, in August $940 million, in July $1.41 billion, in June $600 million, in May $630 million, April $220 million, March $460 million, February $460 million, and in January $280 million.
In January-November 2018, exports of goods compared to the same period in 2017 rose by 9.9%, reaching $43.25 billion, imports by 16.7%, to $52.11 billion.
The State Statistics Service said that in November 2018 compared with the previous month the seasonally adjusted export volume grew by 4.7%, reaching $3.98 billion, while imports decreased by 1.1%, to $4.88 billion.
The rate of coverage of imports by exports for the 11 months of this year was 0.83 against 0.88 in January-November 2017.
The State Statistics Service said that foreign trade operations were conducted with partners from 220 countries of the world.

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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