Negative balance of payments amounted to US $2.6 bn

Negative balance of payments amounted to US $2.6 bn

In November the negative consolidated balance of payments totaled US $2.6 bn, reported the NBU.

In November, the deficit of the current account decreased to US $414 mn compared with US $515 mn in October, which was caused by the trade deficit resulting from the excess of the decline rate of import of goods over export.

Export of goods decreased by 4.1% to US $4.1 bn compared with October mostly because of the decrease of prices for the main export goods – food products by 6.1%, metal products by 4.2%.

In January – November, export of goods declined by 12.6%, primarily to Russia by 32.3%, the share of which decreased from 23.6% to 18.3%.

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