Business news from Ukraine

DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS IN JAN-AUG DECREASED TO $2.399 BLN

The deficit of Ukraine’s foreign trade in goods in January-August 2020 decreased 59.4% compared to January-August 2019, to $2.399 billion from $5.915 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 decreased 6.6%, to $30.843 billion, imports fell by 14.6%, to $33.242 billion.
The State Statistics Service said that in August 2020, compared with July 2020, the seasonally adjusted volume of exports increased 5%, to $4.068 billion, imports grew by 1.6%, to $4.462 billion.
The seasonally adjusted foreign trade balance in August 2020 also saw a deficit and amounted to $393.6 million, which, however, is better than the previous month ($517.2 million). The export coverage ratio of imports in January-August this year amounted to 0.93 (in January-August 2019 it was 0.85).
The State Statistics Service said that foreign trade operations were carried out with partners from 225 countries.

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FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JANUARY-JULY 2020 (IMPORT)

Foreign trade turnover by the most important positions in January-July 2020 (import).

FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JANUARY-JULY 2020 (EXPORT)

Foreign trade turnover by the most important positions in January-July 2020 (export).

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DEFICIT OF UKRAINE’S FOREIGN TRADE IN GOODS IN JAN-JULY DECREASES BY 57%

The deficit of Ukraine’s foreign trade in goods in January-July 2020 decreased by 57.3% compared to January-July 2019, to $2.120 billion from $ 4.968 billion, the State Statistics Service has reported.
According to it, export of goods from Ukraine for the reporting period compared to the same period in 2019 decreased by 7.3%, to $ 26.630 billion, import by 14.7%, to $28.750 billion.
The State Statistics Service clarifies that in July compared to June 2020, the seasonally adjusted volume of exports rose by 3.6%, to $3.660 billion, imports by 2%, to $4.373 billion.
The seasonally adjusted foreign trade balance in July 2020 was also negative and amounted to $713.2 million, which is better than in the previous month ($751.2 million). The coefficient of coverage of import by export in January-July of this year amounted to 0.93 (in January-July 2019 some 0.85).
The State Statistics Service specified that foreign trade operations were carried out with partners from 221 countries of the world.

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TOP 20 COUNTRIES OF UKRAINE’S FOREIGN TRADE PARTNERS OF JAN-FEB 2020 (THOUSAND USD)

Top 20 countries of Ukraine’s foreign trade partners of Jan-Feb 2020 (thousand Usd)

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SURPLUS OF UKRAINE’S FOREIGN TRADE IN SERVICES 2.9% DOWN IN Q1

The surplus of Ukraine’s foreign trade in services in the first quarter of 2020 decreased by 2.9% compared to the same period in 2019, to $1.446 billion against $1.489 billion respectively, the State Statistics Service has reported.
According to its data, export of services in January-March 2020 decreased by 1.8%, to $2.825 billion, imports by 0.7%, to $1.379 billion.
The ratio of coverage of import by export amounted to 2.05 (in the first quarter of 2019 some 2.07).
Foreign trade operations were carried out with partners from 206 countries of the world.

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