In August 2018, exports increased by 16.6% y/y to US$ 275.6mn, imports were up 8.3% y/y to US$ 761.1mn and the trade deficit widened 4.1% y/y to US$ 486.5mn, according to GeoStat.
In August 2018, copper (+28.9% y/y), cars (+96.8% y/y), ferro-alloys (-10.8% y/y), wine (+9.0% y/y) and cigarettes (+327.3% y/y) were the top 5 exported commodities. A 13.9% of exports was directed to the EU (-38.3% y/y), 55.4% to the CIS (+47.2% y/y) and 30.7% to other countries (+19.8% y/y).
In August 2018, petroleum (+41.5% y/y), cars (+30.6% y/y), copper (-10.1% y/y), pharmaceuticals (+7.9% y/y) and cigarettes (+189.2% y/y) represented the top 5 imported commodities.
Overall, in 8M18, the trade deficit was up 17.9% y/y at US$ 3.8bn as exports were up 27.1% y/y to US$ 2.1bn and imports increased by 21.0% y/y to US$ 6.0bn.
Source: G&T
