Deficit of foreign trade balance of Ukraine is growing
According to state Statistics, in January-August this year Ukraine imported goods 3.27 billion $ more than it exported.
in January-August 2016 the negative balance of foreign trade amounted to 1.4 billion dollars in January-August of 2017, it increased by 1.83 billion dollars.
compared to the same period last year, exports of goods in January-August 2017 rose by 21.1%, or of 4.79 billion $ 27.5 billion $. Simultaneously, imports of goods increased by 27.4% or 6.6 billion $ to 30.79 billion dollars.
the Exports of domestic products to the EU in the first half of 2017, increased by 26.1 per cent to 8.2 billion dollars.
an increase in the volume of imports increase demand for foreign currency and led to a rise in the dollar.
the Exports of agricultural products in January-September of 2017 amounted to 13.1 billion dollars, which is 25% or 2.5 billion $ over the same period last year.
the Main consumers of domestic agricultural products are traditionally countries of Asia, whose share in the total export of Ukrainian agricultural products in January-September 2017 amounted to 42%, or 5.5 billion $. The EU during this period has gained 32.1% in domestic agricultural products in the amount of 4.2 billion $, and African countries and 15.3% of agricultural products worth $ 2 billion.
the Largest importers of agricultural products from Ukraine during the specified period were:
- India – 1,444 billion $,
- Egypt – 1,041 billion $,
- Netherlands – 887 $million,
- Spain – 805 million $,
- China – 721 $million,
- Turkey – 617 $million,
- Italy – 559 million dollars.
