In November, partial compensation for import losses was achieved.
The blockade of certain land checkpoints on the western border has led Ukraine to experience a $160 million export loss and a $700 million decrease in imports.
These figures were disclosed by the National Bank of Ukraine, as reported by "RBC-Ukraine."
It's noted that the reduction in the volume of foreign trade for November and December could reach $1.5 billion. Specifically, the reduction amounted to $860 million in November and $620 million in December.
As reported by the State Customs Service, last year the share of automotive transport in the value of export volumes was approximately 35%, while for imports, it was around 70%.
"The partial compensation for import losses in November was achieved through increased deliveries by alternative routes, particularly by rail. Meanwhile, export losses were mitigated by increased shipments through a new maritime corridor, with transport volumes in November approaching the highest levels seen in the “grain corridor”," the regulatory body stated.
At the same time, a certain easing of the blockade during the second decade of December allows for reducing estimates of further export losses to $120 million per month and import losses to $500 million per month.
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