Deficit of Ukraine's foreign trade in goods in nine months shrinks by 60%

The deficit of Ukraine's foreign trade in goods in January-September 2020 amounted to US$2.944 billion, which was 60% down year-over-year (US$7.204 billion).

Exports of goods from Ukraine during the period under review decreased by 5.6% to US$35.01 billion, while imports fell by 14.3%, to US$37.962 billion, the State Statistics Service of Ukraine said on its website.

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The ratio of coverage of imports by exports was 0.92 (0.84 in January-September 2019).

Ukraine traded with partners from 230 countries and regions.

China became the largest trading partner of Ukraine in the nine months. Exports of goods to China increased by 86.1%, to US$4.814 billion, while imports from China fell by 12.4%, to US$5.793 billion.

Poland was the next largest trading partner of Ukraine, as exports of goods to that country amounted to US$2.33 billion, having decreased by 8%. Imports decreased by 4.4%, to US$2.87 billion.

In general, exports of goods from Ukraine to the EU countries in the nine months decreased by 16.3%, to US$13.06 billion, while imports of goods from the EU countries decreased by 10.5%, to US$16.44 billion.

Previous developments

• Ukraine's deficit of foreign trade in January-August 2020 was estimated at US$2.399 billion, which was 60% down on the deficit for the same period in 2019 (US$5.915 billion).
• According to the State Statistics Service, Ukraine's deficit of foreign trade in 2019 stood at US$3.633 billion, which was 41.2% down on 2018. In particular, the deficit of foreign trade in goods in 2019 increased by 8.8%, to US$10.723 billion.
• Ukraine's foreign trade in January-September 2020 saw a surplus of US$530.8 million, while there was a deficit of US$4.199 billion for the same period in 2019.