The deficit in foreign trade in goods increased by almost 800%.

The negative balance of Ukraine’s foreign trade in goods for the first five months of the year increased dramatically compared to last year – to $8.98B from $1B. According to the State Statistics Service, exports of goods from Ukraine decreased by 15.6% to $16 .45B, while imports increased by 24.1% to $25.42B.

At the same time, the seasonally adjusted volume of exports decreased by 0.8% to $3.22B in May 2023 compared to April, and imports increased by 2.8%, up to $5.49B. The seasonally adjusted foreign trade balance in May 2023 was negative and amounted to $2.27B, while in the previous month, it was also negative $2.09B.

Export-import coverage ratio in January-May 2023 was 0.65 compared to January-May 2022 with 0.95. Foreign trade operations were conducted with partners from 223 countries of the world.