Exports up 15.0 y/y in October 2018
In October 2018, exports increased by 15.0% y/y to US$ 303.0mn, imports were up 18.7% y/y to US$ 867.9mn and the trade deficit widened 20.7% y/y to US$ 565.0mn, according to GeoStat.
In October 2018, copper (+12.4% y/y), cars (+51.2% y/y), ferro-alloys (+64.7% y/y), pharmaceuticals (+12.1% y/y) and wine (+2.8% y/y) were the top 5 exported commodities. A 22.1% of exports was directed to the EU (-2.7% y/y), 50.7% to the CIS (+21.7% y/y) and 27.2% to other countries (+20.6% y/y).
In October 2018, petroleum (+24.5% y/y), cars (+27.6% y/y), copper (+164.3% y/y), pharmaceuticals (-4.0% y/y) and electricity (+170.5% y/y) represented the top 5 imported commodities.
Overall, in 10M18, the trade deficit was up 16.4% y/y at US$ 4.8bn as exports were up 24.5% y/y to US$ 2.8bn and imports increased by 19.2% y/y to US$ 7.6bn.
Producer price index up 5.9% y/y in October 2018
Annual PPI for industrial goods was up 5.9% in October 2018, according to GeoStat. Rising prices in manufacturing (+5.0% y/y) and supply of electricity, gas and water (+13.1% y/y) contributed the most to the overall index change.
