The balance of foreign trade in goods and services in Ukraine recorded a deficit of $236 million in January 2017, which was 50% down from deficit at $468 million in January 2016, according to the website of the National Bank of Ukraine (NBU).
The balance of foreign trade in goods for the month recorded a deficit of $391 million, which was 33.4% down from $590 million year-over-year (y-o-y), according to the NBU data.
Export of goods in January increased by 52.7%, to $2.789 billion, while imports grew by 31.6%, to $3.180 billion.
The balance of foreign trade in services for the month showed a surplus of $155 million, which was 27% up from $122 million y-o-y.
Exports of services grew by 16.2% in January, to $997 million, while imports rose by 14.4%, to $842 million.
It is noted that the data do not include information from the temporarily occupied territory of the Autonomous Republic of Crimea and the city of Sevastopol, as well as the Anti-Terrorist Operation zone.
Earlier, the foreign trade balance of Ukraine recorded a surplus of $337.3 million in 2016, which was 11 times lower than the surplus recorded in 2015 at $3.828 billion, according to the State Statistics Service.
At the same time, the balance of foreign trade in goods and services showed a deficit of $5.581 billion in 2016, according to data released by the National Bank of Ukraine.