5M Foreign Trade Deficit in Goods Totals USD 3.7 bln
12 July 2008
According to the State Statistics Committee, Ukraine’s foreign trade balance in goods widened to USD 3.75 bln in 5M07 (up 26.2% YTD). Export of goods totaled USD 18.9 bln (+34.4% yoy), while imports totaled USD 22.6 bln (+35.0% yoy). Polina Khomenko: The main export drivers in 5M07 were metals (+40.4% yoy), chemicals (+23.6% yoy) machine building (+50.2%). The main components of import growth were oil and gas products (+33.1% yoy), machine building and transport (+32.1% and +54.4% yoy). We estimate import and export growth to slow growth next month to 30.2%, and to 25.1% yoy in 2007. Our forecast for the negative trade balance is USD 6.2 bln by yearend.
