Ukraine cuts foreign trade deficit by $2.7 billion | Positions and Promotions

Ukraine cuts foreign trade deficit by $2.7 billion | Positions and Promotions:

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The deficit of Ukraine's foreign trade in goods in the first eight months of 2013 shrank by $2.7 billion compared to the same period in 2012, according to the State Statistics Service of Ukraine.

"The deficit amounted to $7.397 billion (in January-August 2012 the deficit was $10.11 billion)," reads the statement.

The ratio of coverage of imports by exports was 0.85 (0.82 in January-August 2012). According to the State Statistics Service, in January-August 2013 exports of goods shrank by 9.1% year-on-year, to $41.128 billion. Meanwhile, imports fell by 12.4 %, to $48.524 billion."

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