Export of agricultural products will reduce trade balance deficit - expert
2011-07-14 12:47:39
In H2, 2011, reduction of trade balance deficit is expected due to a growth in the volume of agricultural products export, Phoenix Capital analyst Oleksandr Lozovy said.
In H1, 2011, the analyst expects that growth of agricultural products export will cut trade balance deficit, which by results is expected to the amount of USD 7.5 billion. Surplus in balance of trade in services will have a positive influence on the state of the current account.
According to the State Statistics Committee, deficit of balance in foreign trade in goods over five months 2011 grew to USD 4.6 billion against USD 2 billion over five months of 2010.