Does Ukraine have a trade deficit?

Does Ukraine have a trade deficit?

In 2020, Ukraine reported a trade deficit of 4.71 billion U.S. dollars.

What was the trade deficit in 2015?

2015 : U.S. trade in goods with World, Seasonally Adjusted

Month Exports Balance
October 2015 122,948.5 -60,915.0
November 2015 120,833.1 -60,703.0
December 2015 120,058.1 -61,386.0
TOTAL 2015 1,503,328.4 -745,483.0

What is Ukraines biggest export?

Ukraine exports mainly steel, coal, fuel and petroleum products, chemicals, machinery and transport equipment and grains like barley, corm and wheat. More than 60% of the exports goes to other former Soviet Republics countries with Russia, Kazkhstan and Belarus being the most important. Others include Turkey and China.

What type of economy does the Ukraine have?

Ukraine has a mixed economic system in which there is a limited private freedom, combined with centralized economic planning and government regulation.

What was the US trade deficit in 2012?

$315 billion
The U.S. trade deficit in goods with China in 2012 reached a record $315 billion. The deficit was nearly $20 billion higher than the previous year. China’s share of the U.S. deficit continued its climb, following a slight decrease between 2009 and 2011.

What is Ukraine famous for producing?

Agriculture and fishing. Partly because of rich soils and a favourable climate, Ukraine’s crop production is highly developed. Its output of grain and potatoes is among the highest in Europe, and it is among the world’s largest producers of sugar beets and sunflower oil.

What are the top 5 countries Ukraine imports goods from?

Ukraine trade balance, exports and imports by country In 2018, Ukraine major trading partner countries for exports were Russian Federation, Poland, Italy, Turkey and Germany and for imports they were Russian Federation, China, Germany, Belarus and Poland.

Who does Ukraine trade with the most?

Ukraine top 5 Export and Import partners

Exporter Trade (US$ Mil) Partner share(%)
Russian Federation 8,090 14.15
China 7,608 13.30
Germany 5,983 10.46
Belarus 3,787 6.62

What is the balance of trade in Ukraine?

Balance of Trade in Ukraine averaged -626.96 USD Million from 2001 until 2021, reaching an all time high of 688 USD Million in April of 2004 and a record low of -24479.80 USD Million in September of 2016.

What is the long-term outlook for Ukraine’s economy?

In the long-term, the Ukraine Balance of Trade is projected to trend around -1400.00 USD Million in 2023, according to our econometric models.

What was the inflation rate in Ukraine in 2015?

The inflation rate in Ukraine in 2015 increased by almost 50 percent in comparison to the previous year, but was estimated to slump to only 14 percent in 2016 and even lower in the following years. This text provides general information. Statista assumes no liability for the information given being complete or correct.

What is the main export of Ukraine?

Ukraine Balance of Trade. Ukraine exports mainly steel, coal, fuel and petroleum products, chemicals, machinery and transport equipment and grains like barley, corm and wheat. More than 60% of the exports goes to other former Soviet Republics countries with Russia, Kazakhstan and Belarus being the most important.