Merchandise foreign trade deficit in Ukraine contracts by 9.2% y/y in Jan-Oct.

By bne IntelliNews December 13, 2013

Merchandise foreign trade deficit in Ukraine contracted by 9.2% y/y in Jan-Oct to USD 11.5bn compared to USD 12.7bn deficit seen in Jan-Oct 2012, the State Statistics Service has announced. Exports of goods amounted to USD 51.9bn, down by 9.4% y/y. Imports of goods also declined by 9.4% y/y to USD 63.4bn.

The largest effect on formation of merchandise foreign trade deficit in Jan-Oct had: mineral fuels, mineral oils and products of its distillation (-USD 15.3bn), ground transportation vehicles other than railway (-USD 4.3bn), mechanical machinery (-USD 2.6bn), plastics and polymers (-USD 2.5bn), electrical machinery (-USD 2.1bn) and pharmaceuticals (-USD 2.3bn). The coverage ratio of import to export totaled 0.82. Foreign trade operations were conducted with partners from 219 countries of the world.

The volume of exports to the CIS countries amounted to 35.9 % of total exports, Europe – 26.6%, including European Union countries - 26%, Asia – 26.2%, Africa – 7.6%, America - 3.5%, Australia and Oceania - 0.1 %

Significant exports were made to the Russian Federation – 24.5 % of total exports (ferrous metals, mechanical machinery, railway locomotives), Turkey - 6% (ferrous metals, fertilizers, fats and oils of animal or vegetable origin), China - 4.4% (ores, slag and ash, fats and oils of animal or vegetable origin, mechanical machines), Poland – 4% (ferrous metals ores, slag and ash, electric cars), Italy – 3.9% (ferrous metals, grains, oil seeds and fruits of plants ), Kazakhstan - 3.7% (ferrous metals , railway locomotives, mechanical machines).

Among the major partner countries exports increased to China by 47.9% and Turkey-1.1%. At the same time, exports to Egypt reduced by 14.6%, Russia – 13.8%, Kazakhstan – 10.1%, and Poland - by 5.0%.

Related Articles

Ukraine’s top 100 SOEs see profits soar 20-fold in 9M16

Profits are soaring at Ukraine’s top 100 state-owned enterprises (SOE) as the economy finds its feet and starts to recover. Net profits of the 94 biggest SOEs jumped 20-fold year-on-year between ... more

Siemens fumes as worst suspicions on Crimea turbines confirmed

German technology major Siemens said on July 21 it has "credible evidence" that all four gas turbines supplied for a power plant in the south of Russia were locally modified and illegally supplied ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Dismiss