: :inin Kyiv (EET)

Deficit of Ukraine`s foreign trade in goods shrinks by 44.5%

The deficit of Ukraine`s foreign trade in commodities was estimated at US$423.2 million in January-February 2017, which was by 44.5% down from a $756.1 million deficit year-over-year (y-o-y), according to the Ukrainian State Statistics Service`s website.

Goods exports from Ukraine over the period under review grew by 32.7%, while goods imports rose by 22.1%, the service said in a statement.

The ratio of coverage of imports by exports was 0.94 in January-February 2017 against 0.86 y-o-y.

Ukraine traded with partners from 198 countries over the period under review.

Goods exports to the EU countries grew by 16.2%, to $2.437 billion, and accounted for 38.9% of total exports, according to the statistical data released.

Imports of goods from the EU countries rose by 13.4%, to $2.790 billion, accounting for 41.7% of total imports.

Exports of commodities to Russia increased by 54.4%, to $576.6 million, or 9.2% of total exports, while goods imports from the Russian Federation grew by 78.8%, to $1.016 billion, or 15.2% of total imports.

Earlier, the deficit of foreign trade in goods in Ukraine in 2016 was $2.886 billion against a $610.7 million surplus in 2015.


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