Imports of natural gas remained at the level of April 2011 - USD 1.1 billion
13.07.2011
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Ukraine Business
Olena Belan, the chief economist at Dragon Capital, said that metal exports in Ukraine shrank by 4 percent in May 2011, to USD 2 billion, but they were compensated for by a sharp increase in exports of agricultural products (corn and vegetable oil) and engineering products.
KYIV, July 13, 2011 (UBO) – Ukraine’s annual current account deficit is projected at 3.6 percent of GDP (USD 6 billion) in 2011 and at 4 percent of GDP in 2012, UkrInform reported.
Olena Belan, the chief economist at Dragon Capital, said that metal exports in Ukraine shrank by 4 percent in May 2011, to USD 2 billion, but they were compensated for by a sharp increase in exports of agricultural products (corn and vegetable oil) and engineering products.
Imports of natural gas remained at the level of April 2011 (USD 1.1 billion), but there was a sharp increase in imports of oil for processing at domestic refineries on a tolling basis and subsequent exports of petrol to Russia.