Deficit of Ukraine's foreign trade in goods soars by almost 11 times in Q1

The deficit of Ukraine's foreign trade in goods in January through March 2016 amounted to $961.3 million, up by 10.6 times compared to a deficit of $90.2 million in the same period last year, according to the State Statistics Service of Ukraine.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

Exports of goods from Ukraine in the period under review decreased by 18.5% year-over-year to $7.719 billion, while imports shrank by 9.3% to $8.680 billion, according to the report.

The ratio of coverage of imports by exports was 0.87 (compared to 0.99 in January-March 2015). Ukraine handled foreign trade operations with partners from 205 countries in this reporting period.

Ukraine exported $3.197 billion worth of goods to the EU in the reporting period, a decrease of 2.7% compared to the same period last year, accounting for 41.4% of the country's total exports.

Imports of goods from EU countries in this period fell by 1.2% to $3.861 billion, accounting for 44.5% of total imports.

Exports of goods to the Russian Federation decreased by 38.3% to $649.9 million, while imports declined by 45.6% to $1.021 billion.

The data is presented excluding the temporarily occupied territory of the Autonomous Republic of Crimea and the city of Sevastopol, as well as part of the Anti-Terrorist Operation zone in eastern Ukraine.

As UNIAN reported earlier, the deficit of Ukraine's foreign trade in goods in January-February 2016 amounted to $731 million, up by 2.9 times as compared to a deficit of $254.9 million in the same period last year.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!