The current account deficit of the balance of payments amounted to USD 0.8 billion (in November 2023 – USD 1.6 billion).
This is stated in the report of the National Bank of Ukraine (NBU), Ukrainian News Agency reports.
The narrowing of the current account deficit is associated with significant amounts of grant aid from international partners.
In turn, the deficit in trade in goods widened, as imports of goods resumed in higher volumes than their exports.
The surplus of primary income also decreased due to a decrease in receipts from wages.
Excluding reinvested income and grants from international partners, the current account deficit amounted to USD 2.2 billion (in November 2023 - USD 1.4 billion).
For 11 months of 2024, the current account deficit amounted to USD 13.9 billion (for eleven months of 2023 - USD 8.7 billion).
Excluding reinvested income and grants from international partners, the deficit amounted to USD 19.4 billion (for eleven months of 2023 - USD 16.1 billion).
Exports of goods increased by 18.4% (in October 2024 - by 37.4%), and their imports increased by 16.0% (in October 2024 - by 11.9%).
Compared to the previous month, exports and imports decreased by 5.5% and 3.7%, respectively.
Exports of goods amounted to USD 3.4 billion.
Two-thirds of the growth was provided by food exports (by 18.3%, down 4.8% compared to October) at the expense of almost all components, primarily exports of cereals (by 36.5%), oils and fats (by 14.4%), and oilseeds (by 8.1%).
In November 2024, in nominal terms, exports of goods increased to almost all regions of the world, primarily to Asian countries (by USD 271 million, or 42.2%, the share increased from 22.2% to 26.7%) and the EU (by USD 108 million, or 5.9%, the share decreased from 63.0% to 56.3%).
Exports of goods to the Americas also increased (by USD 65 million, or 2.1 times, the share increased from 2.1% to 3.6%), African countries (by USD 48 million, or 29.3%, the share increased from 5.6% to 6.2%) and the CIS (by USD 35 million, or 26.1%, the share increased from 4.6% to 4.9%).
Imports of goods amounted to USD 6 billion.
Energy imports decreased by 18.1% (by October they decreased by 8.0%), primarily due to a reduction in imports of petroleum products (by 20.4%); at the same time, electricity imports increased by 4.7 times.
On the other hand, non-energy imports increased by 22.7% (by October they decreased by 3.1%).
In November 2024, in nominal terms, imports of goods from Asia increased the most (by USD 541 million, or 31.4%, the share increased from 33.5% to 38.0%) and the EU (by USD 354 million, or 14.3%, the share decreased from 48.3% to 47.6%).
Imports of goods from Africa also increased (by USD 23 million, or 1.5 times, the share increased from 0.8% to 1.1%) and the Americas (by USD 20 million, or 6.5%, the share decreased from 6.0% to 5.5%).
In contrast, imports of goods from the CIS countries decreased (by USD 38 million, or halved, the share decreased from 1.5% to 0.6%).
The balance of payments in November was consolidated with a surplus of USD 3.5 billion (in November 2023, the deficit was USD 0.4 billion).
As of December 1, 2024, the volume of international reserves was USD 39.9 billion, which provides financing for imports in the future period for 5.0 months.
As Ukrainian News Agency earlier reported, the current account deficit of the balance of payments in 2023 was USD 9.8 billion (5.5% of GDP) compared to a surplus of USD 8.0 billion (5.0% of GDP) in 2023.
For 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, the consolidated balance of payments in 2022 was formed with a deficit of USD 2.9 billion (in 2021, the surplus was USD 487 million).
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