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4.5.3 Retail sector dynamics
Retail Sales in Ukraine increased 23.30% in June of 2023 over the same month in the previous year. Retail Sales y/y in Ukraine averaged 4.00% from 2007 until 2023, reaching an all time high of 35.50% in March of 2023 and a record low of -36.30% in March of 2022.
5.0 External Sector & Trade 5.1 External sector overview
Ukraine's international trade fell again in September, increasing in the country's trade deficit to $0.8bn, primarily driven by a contraction in foreign trade, UBN reported on November 6.
Over the first nine months of the year, the export of goods saw a significant decrease of 35.9%, while imports recorded a contrasting trend with a 16.7% increase. In September, when compared to August figures, both exports and imports of goods exhibited declines of 1.9% and 3.1%, respectively.
Specifically, the export volume of goods in September amounted to $2.5bn. This decline in exports was observed across nearly all major product groups and regions. The most substantial decreases in nominal terms were witnessed in exports to EU countries, falling by 35.3%, and Asia, which experienced a decline of 50.3%. Exports to African countries fell by 43%, America by 40.9%, and CIS countries by 19.4%.
39 UKRAINE Country Report November 2023 www.intellinews.com