Ukraine’s exports grew by 16.0%, imports by 23.3% in 2017 - State Statistics Service

Ukraine’s exports grew by 16.0%, imports by 23.3% in 2017 - State Statistics Service

Ukrinform
In 2017, the volume of Ukraine’s exports of goods and services grew by 16.0% compared to 2016 and amounted to $52.326,6 billion, imports grew by 23.3% to $54.955 billion, according to the State Statistics Service of Ukraine.  

"The volume of Ukraine’s exports of goods and services in 2017 totaled $52,329.6 million, imports - $54.995 million. Compared to 2016, exports grew by 16.0%, imports - by 23.3%. Negative balance of the foreign trade made up $2,625.4 million (in 2016, positive balance - $541.6 million),” reads the report.

According to the State Statistics Service, in 2017, exports of goods amounted to $43.266,6 billion, imports - $49.598.5 billion. Compared to 2016, exports increased by 19.0% (by $6.904,9 billion), imports - by 26.4% (by $10.348,7 billion). Negative balance totaled $6.331,9 billion (in 2016, negative balance - $2.888,1 billion).

The export/import coverage ratio totaled 0.87 (0.93- in 2016). Foreign trade operations were carried out with partners from 223 countries.

According to the State Statistics Service, in 2017, exports of services amounted to $10.446,6 billion, imports – 5.359,2 billion. Compared to 2016, exports grew by 5.9% (by $578.6 million), imports - by 0.6% (by $32.7 million). Positive balance totaled $5.087,4 billion (in 2016, positive balance – $4.541,5 billion).

The export/import coverage ratio totaled was 1.95 (1.85- in 2016). Foreign trade operations were carried out with partners from 225 countries.

The data provided by the State Statistics Service excluded the temporarily occupied territories in the Autonomous Republic of Crimea, Sevastopol and some parts of the ATO zone in Donbas.

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