Ukraine chemical exports down by 10% year on year in June: bank

20 August 2013 14:55  [Source: ICIS news]

LONDON (ICIS)--Ukraine's chemical exports fell by 10% year on year in June as the country's year-long recession continued, Raiffeisen Bank Aval said on Tuesday.

Looking at the first half of this year, Ukraine's chemical exports fell by 3% year on year, the Kiev-based bank said.

Ukraine is suffering chronically weak external demand and a lack of domestic economic stimulus that has hit many of its major industries, the bank added.

“The recessionary global environment has hit hard the performance of export-oriented industries such as metallurgy, machine building and chemical production,” it said.

By: Will Conroy
+44 20 8652 3214

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