Deficit of Ukraine's foreign trade balance cut almost 93%

The foreign trade balance of Ukraine for January-December 2020 was reduced with a deficit of $255.5 million.

That's against $3.689 billion recorded late 2019, according to the State Statistics Service.

Imports of goods and services in 2020 decreased by 12.5% ​​on year, to $59.298 billion, while exports were down 7.8%, to $59.042 billion.

Read alsoUkraine, EU to start review of trade provisions of Association AgreementAt the same time, no data are available from the occupied Crimea and Sevastopol, as well as the occupied territories in Donetsk and Luhansk regions.

Previous indicators

The State Statistics Service said Ukraine's foreign trade balance for 2019 was 41.2% lower than the deficit for 2018.

The National Bank reported, the balance of foreign trade in goods and services for 2019 was reduced with a deficit of $12.117 billion, which is 7% more than the previous earlier.

As of February 1, 2021, the balance of foreign trade in goods and services of Ukraine for 2020 was reduced with a deficit of $1.677 billion against a $12.5 billion deficit a year earlier.