The trade deficit has tripled
According to information from the state statistics Committee, the negative balance of foreign trade during January-February of the current year has tripled and amounted to 731 million dollars against 254,9 million dollars in the same period last year.
For the first two months of 2016, exported goods 4,722 billion USD, and imported – 5,453 billion. If compared to 2015 year exports dropped by 21.3 percent, or 1,274 billion dollars, imports fell by only 12.8 % or 798,5 million.
More products and goods from Ukraine were exported:the
- in the EU by 2.1 billion us dollars or 44.4 % of the total amount, the
- in Russia is 7.9 %, the
- in the China – 6,9 %, the
- in Poland is 6.2 %.
More total items imported:the
- from EU countries – 2.4 billion, or 45 % of the total amount, the
- from China – 11.4 per cent, the
- from Germany – 11,3 %, the
- in Russia – 10.8 %.
In comparison with year 2015, the export of goods from Ukraine to the countries of the Eurozone fell by 2.1 % and imports by 1.9 %.
Broken industry, reduction of exports and the lack of real reforms in the economy — the main reasons of increasing demand for currency and thus the fall in value of hryvnia .The reduction of pressure on the hryvnia from the political parties, election coalitions and the formation of a new government, will allow some time to keep the hryvnia in the range of 25-26грн/USD, then the system changes to hold the exchange rate will be difficult.