In Ukraine continues to rise, trade deficit

2018-05-03 12:07:24
Machine translation
In Ukraine continues to rise, trade deficit

In the first quarter of this year, the deficit of foreign trade balance of Ukraine totaled 1,691 billion $ that 25.4% or 391 million $ higher than in the same period of 2017, - reports a press-service of the NBU.

 

the Deficit of foreign sales of goods rose 1.3% to 1,936 billion $, while the surplus in sales of services increased by 2.3% to 245 million dollars.

 

According to the NBU, in 2017, the foreign trade deficit amounted to 6,848 $ billion, 25.2% higher than the deficit for the year 2016.

 

Negative balance of foreign trade and high debt in 2018 will be a long time to put pressure on the hryvnia.

 

FOREX CLUB Analysts believe that in may and June, the hryvnia will hesitate from 25.5 to 26,75 UAH/$.

 

currently, the rate of the national currency in favor of a gradual growth of world prices for steel products and high prices for grains.

 

However, the strengthening of the hryvnia will be limited to the following factors:

the global strengthening of the U.S. dollar;

growth in demand for foreign currency on the background of the intentions of the NBU on a daily basis to buy the excess currency in the range of 10 million $.

  • liberalization of the foreign exchange market due to appreciation of the limit of long open currency position of banks from 1% to 3%, which will allow them to purchase and hold for their own accounts more and more currency;

 

Yesterday, the interbank trading volume amounted to only 276,94 million $, and the dollar fell from 26.19/26,225 to of 26.15/26,17 UAH/$.