Current account deficit of balance of payments in August amounted to USD 3.1 billion

The the current account deficit of the balance of payments amounted to USD 3.1 billion (compared to a surplus of USD 2.9 billion in August 2024) was formed as a result of the expansion of the trade deficit in goods (due to a decrease in exports and a significant increase in imports) and a reduction in the receipt of grants from international partners - USD 1.1 billion (compared to USD 5.5 billion in August 2024).

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

Excluding reinvested income and grants from international partners, the deficit amounted to USD 4.1 billion (in August 2024 - USD 2.5 billion).

For January - August 2025, the current account deficit amounted to USD 22.4 billion (in January - August 2024 – USD 9.6 billion).

Excluding reinvested income and grants from international partners, the deficit amounted to USD 27.7 billion (for eight months of 2024 – USD 13.6 billion).

Exports of goods decreased by 9.1% (in July 2025 they increased by 2.2%), imports of goods increased by 17.5% (in July 2025 - by 21.9%).

Compared to the previous month, exports and imports of goods decreased by 5.5% and 8.3%, respectively.

Exports of goods amounted to USD 2.9 billion. The decrease was primarily due to a decrease in food exports by 13.9% (compared to July - by 5.7%), which was due to a drop in exports of cereals (by 17.5%), oilseeds (by 30.5%) and oils and fats (by 7.1%); at the same time, exports of food products increased by 17.9%.

Imports of goods amounted to USD 7.0 billion. All growth was provided by an increase in non-energy imports by 22.7% (compared to July, it decreased by 10.2%), primarily mechanical engineering products – by 27.6% (compared to July, it decreased by 17.0%).

Energy imports decreased by 10.8% (compared to July, it increased by 8.6%) due to a decrease in imports of electricity and petroleum products; at the same time, coal imports increased. In August 2025, in nominal terms, imports increased the most from Asia (by USD 434 million, or 20.4%; the share increased from 35.8% to 36.6%) and the EU countries (by USD 252 million, or 9.6%, the share decreased from 44.1% to 41.2%).

Imports also increased from the Americas (by USD 69 million, or 19.6%; the share at the same level as last year was 6%) and Australia (by USD 23 million, 1.9 times; the share increased from 0.4% to 0.7%). Imports from the CIS countries decreased by USD 19 million, or 32.2% (the share decreased from 1% to 0.6%).

The balance of payments in August was adjusted with a surplus of USD 3 billion (in August 2024, it was USD 4.9 billion). Net repayments to the International Monetary Fund amounted to USD 218 million (in August 2024 – USD 131 million).

As of September 1, 2025, the volume of international reserves amounted to USD 46 billion, which provides financing for imports of the future period for 5 months.

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

In 2023, the current account deficit of the balance of payments 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).