Slowing the devaluation of the hryvnia, Ukraine experienced a trade surplus in January

Slowing the devaluation of the hryvnia, Ukraine experienced a trade surplus in January, reports State Statistics Service. For Ukraine, a net energy importer, low oil and gas prices helped to boost the trade surplus to $138 million. European natural gas prices are at a 10-year low and oil prices have fallen in half since January. Exports to China, Ukraine’s top trading partner, hit $448 million in January – a 79% increase y-o-y. Last year, Ukraine exported $51 billion worth of goods, and imported $61 billion.