Current account deficit of balance of payments widens by USD 0.8 billion to USD 3.2 billion in September

The current account deficit of the balance of payments widened by USD 0.8 billion to USD 3.2 billion (compared to USD 2.4 billion in September 2024).

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

The widening of the goods trade deficit (due to a significant increase in imports) was partially offset by the receipt of grants from international partners (USD 1.3 billion compared to USD 60 million in September 2024).

Excluding reinvested income and grants from international partners, the deficit amounted to USD 4.5 billion (in September 2024 - USD 2.6 billion).

For January – September 2025, the current account deficit amounted to USD 24.9 billion (in January – September 2024 – USD 12.0 billion).

Excluding reinvested income and grants from international partners, the deficit amounted to USD 31.5 billion (for nine months of 2024 – USD 16.1 billion).

Exports of goods decreased by 2% (in August 2025 they decreased by 8.9%), imports of goods increased by 32.4% (in August 2025 - by 17.5%).

Compared to the previous month, exports and imports of goods increased by 1.9% and 13.8%, respectively.

Exports of goods amounted to USD 3 billion. The decrease was primarily due to a decrease in food exports by 11.5% (compared to August - by 2.1%), which was due to a drop in exports of oilseeds (by 61.8%) and cereals (by 2.9%); at the same time, exports of food industry products (by 9.9%) and meat and dairy products (by 18.3%) increased.

Imports of goods amounted to USD 8.0 billion. All growth was provided by an increase in non-energy imports by 33.6% (compared to August, it increased by 14.6%), primarily mechanical engineering products – by 47% (compared to August, it increased by 16.5%).

The balance of payments in September was adjusted with a surplus of USD 0.4 billion (in September 2024, it was USD 2.8 billion). Net repayments to the International Monetary Fund amounted to USD 254 million (in September 2024 – USD 730 million).

As of October 1, 2025, the volume of international reserves amounted to USD 46.6 billion, which provides financing for imports of the future period for 4.7 months.

As the 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).