Deficit of Ukraine's foreign trade in goods over eleven months shrinks by 3.7 times

The deficit of Ukraine's foreign trade in goods January through November 2009 was estimated at $4.815 billion, which was 3.7 times down on the same period in 2008 ('minus' $17.857 billion), the State Statistics Committee reported.

The export of goods in the eleven months was estimated to be worth $35.603 billion (56.6% of the January-November 2008 period), and imports amounted to $40.418 billion (50.1%).

As the State Statistics Committee said, the deficit of Ukraine's foreign trade in goods was due to trade in certain groups of commodities – energy materials, oil and fuel ('minus' $11.2 billion), pharmaceuticals ('minus' $1.743 billion), and polymers and plastic materials ('minus' $1.583 billion).

The ratio of coverage of imports by exports January through November 2009 was 0.88, whereas in the same period last year it was 0.78. Source.