Ukraine's trade deficit more than halved in 2020

Source : 112 Ukraine

The trade deficit fell from $ 10.22 to $ 4.9 billion
15:56, 2 January 2021

National Bank of Ukraine

The trade deficit in Ukraine more than halved at the end of 2020 - from $ 10.22 to $ 4.9 billion, Trade Representative Taras Kachka said on his Facebook page.

"Particularly positive is the more than halving of the trade deficit. From $ 10.22 billion, $ 4.9 billion remains," he wrote.

He highlighted the dynamics of December, when exports amounted to $ 4.88 billion, which is $ 150 million more than in the previous month and $ 760 million more than in December 2019.

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Kachka also added that in dollars, exports for the whole year amounted to $ 49.32 billion, which is 1.70% less than in 2019. In a crisis year, this figure is very good, the sales representative said.

According to him, the secret of the December figures is the growth of prices for metal and ore all over the world. In addition, due to a reduction in the harvest, physical grain exports in 2020 were lower than in 2019. "But this decrease in physical exports is offset by a rise in prices," said Kachka.

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