Deficit of Ukraine's foreign trade in goods shrinks by 4.5% in four months

The deficit of Ukraine's foreign trade in commodities was estimated at US$887.9 million in January-April 2017, which was by 4.5% down from a $929.6 million deficit year-over-year (y-o-y), according to the Ukrainian State Statistics Service's website.

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Goods exports from Ukraine over the period under review grew by 26.8%, while goods imports rose by 24.3%, the service said in a statement.

The ratio of coverage of imports by exports was 0.94 in January-April 2017 against 0.92 y-o-y.

Ukraine traded with partners from 211 countries over the period under review.

Goods exports to the EU countries grew by 21.4%, to $5.237 billion, according to the statistical data released.

Read alsoUkraine sees 10.1% rise in exports of light industry goods in Q1Imports of goods from the EU countries rose by 16.2%, to $6.1 billion, accounting for 41.8% of total imports.

Exports of commodities to Russia increased by 38.5%, to $1.276 billion, or 9.3% of total exports, while goods imports from the Russian Federation grew by 45.8%, to $1.955 billion, or 13.4% of total imports.

As UNIAN reported earlier, the deficit of foreign trade in goods in Ukraine in 2016 was $2.886 billion against a $610.7 million surplus in 2015.

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