Ukraine’s exports cut by 57.9% in Mar 2022

In March 2022, Ukraine’s exports reduced by 57.9% compared to February 2022, imports – by 75.8%.

The relevant statement was made by the Ukrainian State Statistics Service, an Ukrinform correspondent reports.

“In March 2022, compared to February 2022, the seasonally adjusted export volumes reduced by 57.9%, import volumes – by 75.8%. The seasonally adjusted foreign trade balance was positive in March 2022, totaling $819.4 million,” the report states.

According to the Ukrainian State Statistics service, the foreign trade balance was negative in February 2022 ($969.0 million).

Meanwhile, in the first quarter of 2022, Ukraine’s exports of goods reached $14,100.7 million (or 102.9% compared to the first quarter of 2021), imports – $14,132.3 million (or 94.4%). The negative foreign trade balance was $31.6 million (compared to the negative foreign trade balance of $1,271.6 million in January-March 2021).

mk