Ukraine's foreign trade deficit up by 3.2-fold in Jan-Sept 2023 - State Statistics Service

MOSCOW. Nov 15 (Interfax) - Ukraine's foreign trade deficit increased by 3.2-fold to $19.402 billion in January-September 2023 from $6.026 billion recorded in the same period of 2022, Ukrainian media said on Tuesday, citing the State Statistics Service of Ukraine.

Exports of goods fell by 17.8% and totaled $27.145 billion from January to September 2023 year-on-year, while imports rose by 19.2% to $46.547 billion in the same period, the service said in a statement.

The seasonally adjusted volume of exports declined by 0.1% to $2.644 million in September 2023 month-on-month, while imports grew by 3% to $5.37 billion in the same period, it said.

The seasonally adjusted balance of foreign trade was negative in September 2023 and stood at $2.726 billion. It was also negative in August, totaling $2.57 billion.

The export-import coverage ratio was 0.58 in January-September 2023 (0.85 in January-September 2022).

Foreign trade operations were conducted with partners from 228 countries, the service said.