Current account deficit of balance of payments in April down USD 1.1 billion

The current account deficit of the balance of payments decreased to USD 1.1 billion (compared to a deficit of USD 1.9 billion in April 2024) primarily due to the receipt of grants from international partners in the amount of USD 1.7 billion (absent in April last year).

This is stated in the NBU report, Ukrainian News Agency reports.

At the same time, the negative balance of trade in goods expanded due to the simultaneous growth in imports and a decrease in exports.

Excluding reinvested income and grants from international partners, the deficit amounted to USD 2.7 billion (in April 2024 - USD 1.5 billion).

For January - April 2025, the current account deficit amounted to USD 6.8 billion (in January - April 2024 – USD 5.3 billion).

Excluding reinvested income and grants from international partners, the deficit amounted to USD 10.6 billion (for the first four months of 2024 - USD 4.7 billion).

Exports of goods decreased by 7.7% (in March 2025 they increased by 5.6%), imports of goods increased by 8.8% (in March 2025 - by 21.4%).

Compared to the previous month, exports of goods decreased by 8.9%, and imports of goods - by 10.2%.

Exports of goods amounted to USD 3.1 billion.

The decrease was mainly due to a decrease in food exports by 14.9% (compared to March by - 11.7%), primarily due to grain crops (by 46.7%) and food industry products (by 7.5%).

At the same time, exports of oils and fats increased (by 18.2%), oilseeds (by 47.4%), and meat and dairy products (by 17.9%).

Imports of goods amounted to USD 6.3 billion.

Almost all of the growth was provided by an increase in non-energy imports by 8.2% (compared to March, it decreased by 4.9%).

Energy imports increased by 13.3% (compared to March, it decreased by 35.8%) due to an increase in imports of gas, coal, and electricity; at the same time, imports of petroleum products decreased.

In April 2025, imports in nominal terms increased from almost all regions of the world, most of all from Asia (by USD 154 million, or 8.0%; the share decreased from 33.6% to 33.4%) and the Americas (by USD 100 million, or 26.8%; the share increased from 6.5% to 7.6%).

Imports from EU countries also increased (by USD 29 million, or 1.0%; the share decreased from 49.2% to 45.7%).

In contrast, imports of goods from CIS countries decreased (by USD 25 million, or 33.3%; the share decreased from 1.3% to 0.8%).

The balance of payments in April was adjusted with a surplus of USD 3.8 billion (in April 2024, the deficit was USD 1.3 billion).

Net payments to the IMF amounted to USD 82 million (in April 2024 - USD 81 million).

As of May 1, 2025, the volume of international reserves amounted to USD 46.7 billion, which provides financing for imports in the future period for 5.6 months.

As Ukrainian News Agency earlier reported, the current account deficit in 2024 amounted to USD 13.4 billion (7.1% of GDP) compared to USD 9.6 billion (5.4% of GDP) in 2023.

The current account deficit in 2023 amounted to USD 9.8 billion (5.5% of GDP) compared to a surplus of USD 8.0 billion (5.0% of GDP) in 2022.

In 2023, the consolidated balance of payments was formed with a surplus of USD 9.5 billion (in 2022, the deficit was USD 2.9 billion).

The current account surplus in 2022 was USD 8.6 billion (5.8% of GDP) compared to a deficit of USD 3.9 billion (1.9% of GDP) in 2021.

Overall, in 2022, the consolidated balance of payments was formed with a deficit of USD 2.9 billion (in 2021, the surplus was USD 487 million).