Foreign trade balance in Jan-July sees $440 mln deficit – NBU

Ukraine's balance of foreign trade in goods and services for January-July 2020 was reduced with a deficit of $440 million against a deficit of $6.3 billion reported a year earlier, the National Bank says.

The deficit of foreign trade in goods over the reporting period decreased by more than 50% - from $7.1 billion to $3.2 billion, as reported on the NBU website.

At the same time, the surplus of foreign trade in services increased 3.6 times, from $770 million to $2.8 billion.

Read alsoDespite corona lockdown, Ukraine increasing exportsForeign trade balance: background

• The State Statistics Service of Ukraine says the country's foreign trade balance for 2019 was reduced with a deficit of $3.633 billion, which is 1.7 times lower than the 2018 deficit.
• At the same time, according to the National Bank's estimates, the balance of foreign trade in goods and services of Ukraine for 2019 was reduced with a deficit of $12.117 billion, which is 7% more than a year earlier.