Exports up 26.0% y/y in January 2018
In January 2018, exports increased 26.0% y/y to US$ 222.7mn, imports were up 18.2% y/y to US$ 593.9mn and the trade deficit widened 13.9% y/y to US$ 371.2mn, according to GeoStat.
In January 2018, copper (+2.9% y/y), ferro-alloys (+15.5% y/y), cars (+45.1% y/y), wine (+30.1% y/y) and petroleum (20.7x Higher) were the top 5 exported commodities; A 28.8% of exports was directed to the EU (+21.4% y/y), 36.3% were directed to the CIS (+23.5% y/y) and 34.9% to other countries (+32.9% y/y).
Petroleum (+143.6% y/y), gases (-8.2% y/y), cars (-2.6% y/y), copper (+18.8% y/y) and pharmaceuticals (-60.2% y/y) represented the top 5 imported commodities in January 2018.
Producer price index up 1.6% m/m and up 8.0% y/y in January 2018
PPI for industrial goods was up 1.6% m/m in January 2018, according to GeoStat. A 14.3% price increase for electrical energy, gas, steam and hot water contributed the most to the overall index change. Prices were also up for products from mining and quarrying (+1.6% m/m), while prices were down (-0.5% m/m) for manufactured products.
Annual PPI was up 8.0% in January 2018. Rising prices in manufacturing (+6.9% y/y) contributed the most to the overall index change. Prices were also up for supply of electricity, gas and water (+14.0% y/y) and for mining and quarrying (+9.4% y/y).
