4M06 Negative Trade Balance Widens To USD 2.1 Bln.
15 June 2008
During 4M06 exports of goods decreased by 3.9% yoy to USD 10.9 bln while imports grew by 23.2% yoy reaching USD 13 bln. Concorde Capital: The April trade deficit, USD 330 mln, was the lowest in the last four months (USD 743 mln in March, USD 652 mln in Februaty and USD 374 mln in January), reflecting the price growth on world markets for steel products – the main component of Ukraine’s export. If the favorable conditions on world steel market persist during the summer, Ukraine’s negative trade balance could reach ~USD 4.2 bln, better than our current estimate of USD 7 bln.
