Ukraine's negative foreign trade balance increased to $5 billion
The negative balance of Ukraine's foreign trade in goods in January-August 2018 increased by 45,7% compared to January-August 2017 and amounted to $5,0041 billion, reports a PolitNavigator correspondent.
This was reported by the State Statistics Service.
According to its data, in August the negative balance amounted to $940 million, while in July - $1,406 billion, June - $602,7 million, May - $632 million, April - $221,6 million, March - $460 million, February - $457 million, January - $284,1 million.
The seasonally adjusted negative balance of foreign trade in August 2018 amounted to $818,7 million, negative figures were also recorded in July - $1,214 billion, June - $894,2 million, May - $946,5 million, April - 570,8 million dollars, in March - $508,2 million, in February - $411,8 million, and in January - $580,5 million.
The State Statistics Service clarified that foreign trade operations were carried out with partners from 215 countries.
As PolitNavigator previously reported , Ukrainian experts predict that Ukraine will face a hryvnia collapse, impoverishment, and emigration, as the country's negative trade balance and external debt increase.
“We have a constant negative trade balance. That is, we import more imported goods than we export our own. Based on last year's results, this amount is about seven billion dollars. And in conditions when there is a constant shortage of foreign currency in the country and this currency has to be covered by constant loans on foreign markets, in international organizations, when debts are growing, when more and more debts need to be paid, of course, in these conditions it is impossible to stabilize the hryvnia, it will continue to fall further,” said former Minister of Economy Viktor Suslov on the ZIK TV channel.
Ukraine's negative foreign trade balance has grown to $5 billion.