Deficit of Ukraine`s foreign trade in goods estimated at almost $1 bln

Deficit of Ukraine`s foreign trade in goods in January-July 2016 amounted to $947.4 million as compared to a surplus of $485.4 million in the same period last year, the State Statistics Service of Ukraine reported on its website.

Goods exports from Ukraine in January-July 2016 fell by 10.5% year-over-year (y-o-y), to $19.545 billion, while goods imports dropped by 4%, to $20.493 billion.

The ratio of coverage of imports by exports was at 0.95 (1.02 in January-July 2015). Foreign trade operations in this period were carried out with partners from 216 countries.

Goods exports to the European Union countries climbed by 5% y-o-y, to $7.576 billion. Goods shipments to the EU accounted for 38.8% of overall exports.

Goods imports from the EU rose by 3.1%, to $8.981 billion and accounted for 43.8% of overall imports.

Goods exports to the Russia decreased by 32.3%, to $1.884  billion, while goods imports from Russia declined by 40.2%, to $2.591 billion.

The statistics service said its report did not include information from a temporarily occupied territory of Crimea, Sevastopol, and Donbas.

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