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Foreign Trade Deficit in Goods Widens to USD 6.69 bln in 9M

Foreign Trade Deficit in Goods Widens to USD 6.69 bln in 9M

15 November 2008

According to the State Statistics Committee, Ukraine’s foreign trade deficit in goods was USD 6.69 bln in 9M07 (down 56.6% YTD). Export of goods reached USD 36.7 bln (up 27.6% YTD) and imports totaled USD 42.3 bln (up 31.5% YTD). The main export drivers were metals (up 34.3% yoy), transportation (up 5.6% yoy), oil & gas products (up 5.9% yoy), and agriculture (up 2.1% yoy). Import drivers were oil & gas (up 27.6% yoy) and transportation (up 12.5% yoy). Our yearend forecast for the merchandise trade deficit is USD 8.56 bln, overall trade deficit – USD 5.56 bln.

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