
Ukraine's annual GDP growth rate makes up 2.1%
Real GDP of Ukraine in the third quarter of 2017 advanced 0.2% as compared
to the second quarter and taking into account the seasonal factor and 2.1%
year-on-year, according to the updated data by the State Statistics Service of
Ukraine.
Thus, positive dynamics has been observed for 7 consecutive quarters after
more than two years of decline.
The tendency is affirmed by the indicators of international trade balance,
according to the State Statistics Service. Exports of
Ukraine went up by 18.5%, imports – by 24.6%. Ukraine
has involved in foreign trade transactions with 219 countries from the beginning
of the year. Exports
of goods to the EU countries grew significantly, in particular to Switzerland
(2.5fold), Belgium and the Netherlands (57.1% and 60.4%), to the USA (89.1%)
and India (32.5%).
In terms of products, exports of agricultural products grew, primarily of crops
and animal products (20.6% and 46.5% respectively), cereals and fats (15.3% and
26.9%), as well as ready-made food products (25.4% ). A growing trend was also recorded in the export of
polymers, textiles, and other industrial goods.
Import growth has been observed with almost all trading partners.
In terms of commodities, imports of fuel and lubricants account for 23.1% of total imports. And this indicator contains the effects of the energy blockade in Donbas, when due to the loss of access to coal mines and coal enterprises, the need of the State for energy resources has increased dramatically, which is currently satisfied through importing energy sources.