In September, the deficit of the current account of the balance of payments amounted to USD 2.4 billion (in September 2023 - USD 0.9 billion).
This follows from a statement by the National Bank of Ukraine (NBU), the Ukrainian News agency reports.
The widening of the current account deficit is due to the lack of grant aid from international partners and the expansion of the deficit of primary incomes (against the reduction of wages, payments for investments increased).
On the other hand, the negative balance of trade in goods and services decreased compared to September last year due to higher growth rates of exports than imports.
Excluding reinvested income and grants from international partners, the current account deficit amounted to USD 2.4 billion (in September 2023 - USD 1.8 billion).
In the first nine months of 2024, the current account deficit amounted to USD 11.0 billion (in the first nine months of 2023 - USD 6.1 billion).
Excluding reinvested income and grants from international partners, the deficit amounted to USD 15.2 billion (in the first nine months of 2023 - USD 12.7 billion).
The export of goods increased by 16.2% (in August 2024, it increased by 24.1%), and their import increased by 3.0% (in August 2024, it increased by 2.3%).
Compared to the previous month, the exports and import of goods increased by 5.6% and 0.4% respectively.
The volume of exports of goods amounted to USD 3 billion.
Exports increased primarily due to food products (by 22.1%, compared to August decreased by 4.7%) due to the export of grain crops (increased 1.6 times) and oilseeds (buy 40%, although the export of oil and fats decreased by 3.6%), as well as products metallurgy (by 24.6%, compared to August it increased by 2.1%).
The volume of imports of goods amounted to USD 5.7 billion.
Energy imports decreased by 15.9% (by August decreased by 21.9%), mainly due to the decrease in the import of petroleum products and gas, while the import of electricity remained high.
The balance of payments in September was reduced to a deficit of USD 2.8 billion (in September 2023, the surplus was USD 0.3 billion).
The net repayment of liabilities to the International Monetary Fund amounted to USD 730 million (in September 2023 – USD 882 million).
As of October 1, 2024, the volume of international reserves amounted to USD 38.9 billion, which provides financing for imports for the future period of 5 months.
As Ukrainian News Agency earlier reported, the current account deficit of the balance of payments 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 balance of payments current account surplus was USD 8.6 billion (5.8% of GDP) in 2022, compared with a deficit of USD 3.9 billion (1.9% of GDP) in 2021.
In general, for 2022, the consolidated balance of payments was formed with a deficit of USD 2.9 billion (in 2021, the surplus was USD 487 million).
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