10M05 Negative Foreign Trade Balance Reaches USD 1022 Mln.
13 December 2008
In January-October, exports of goods grew 6.3% yoy to USD 28.2 bln, while imports shot up by 25.3% yoy to USD 39.2 bln. Concorde Capital: Imports continue to dominate the foreign trade balance. However, despite the negative trade balance in goods, Ukraine’s accounting balance is estimated to be positive at around USD 6 bln. Kryvorizhstal’s (KSTL: BUY) sale (USD 4.8 bln), Eurobond issues (EUR 600 mln) and increased corporate external borrowings ensured strong cash inflows into the country in 1H05.
