Ukraine's foreign trade deficit almost doubles in first three months

The deficit of Ukraine's foreign trade in commodities and services in January-March 2019 almost doubled to US$390.5 million year-over-year.

The deficit of foreign trade in goods alone rose by 13% in the first three months, to US$1.456 billion, while foreign trade in services showed a surplus, which grew by 2%, to $1.489 billion, the State Statistics Service of Ukraine said on its website.

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Earlier, the National Bank of Ukraine published its estimates, according to which the balance of foreign trade in goods and services of Ukraine in January-March 2019 showed a deficit of US$2.013 billion. It was 3.7% higher than the deficit in the same period of the previous year.

UNIAN memo. According to NBU estimates, Ukraine in 2018 saw a deficit of US$11.492 billion in foreign trade in goods and services, which was 32.9% higher than the deficit in 2017. At the same time, the State Statistics Service of Ukraine estimated Ukraine's foreign trade deficit in 2018 at US$5.826 billion, or 2.3 times higher than the deficit in 2017.