Surplus of Ukraine`s trade balance drops almost fivefold

Ukraine`s foreign trade balance amounts to $3.077 billion.

Ukraine`s foreign trade balance in January-September 2016 amounted to $654.1 million, which is 4.7 times lower than the surplus for the same period last year at $3.077 billion, as reported on the website of the State Statistics Service of Ukraine.

Imports of goods and services, excluding tolling services, decreased by 0.8% in January-September – down to $31.380 billion, while exports of goods and services from Ukraine decreased by 7, 8% – to $32.034 billion.

According to these data, the foreign trade balance over the six months of 2016 recorded a deficit of $1.761 billion against a $710.2 million surplus in the same period last year.

Foreign trade in services performed better than last year: over the six months of 2016, the surplus of foreign trade in services amounted to $3,220 billion, which is 3.4% higher than the surplus in the same period last year at $3,114 billion.

The report notes that the data exclude the temporarily occupied territory of the Autonomous Republic of Crimea and Sevastopol, as well as part of the zone of the ATO.

As UNIAN reported earlier, the foreign trade balance of Ukraine in the first half 2016 amounted to $1.020 billion, which is 46.5% lower than the surplus for the same period last year at $1.905 billion.

The surplus of the foreign trade balance of Ukraine in 2015 totaled $4.065 billion, which is 21.1% higher than in 2014.

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