The current account deficit of the balance of payments increased to USD 3.5 billion (compared to a deficit of USD 2.0 billion in May 2024) primarily due to a significant increase in imports of goods.
This is evidenced by data from the National Bank of Ukraine, Ukrainian News Agency reports.
Excluding reinvested income and grants from international partners, the deficit amounted to USD 3.4 billion (in May 2024 - USD 1.7 billion).
In January-May 2025, the current account deficit amounted to USD 11.8 billion (in January-May 2024 - USD 7.9 billion).
Excluding reinvested income and grants from international partners, the deficit amounted to USD 15.4 billion (in five months of 2024 - USD 7.1 billion).
Exports of goods increased by 1.4% (in April 2025 they decreased by 6.0%), imports of goods increased by 20.6% (in April 2025 - by 9.2%).
Compared to the previous month, exports and imports of goods increased by 7.6% and 4.5%, respectively.
The volume of exports of goods amounted to USD 3.4 billion.
The volume of imports of goods amounted to USD 7.0 billion.
Almost all the growth was provided by an increase in non-energy imports by 20.8% (compared to April by 2.8%), primarily engineering products - by 30.8% (compared to April +12.1%).
The balance of payments in May was reduced to a deficit of USD 2.0 billion (in May 2024 the deficit was USD 3.4 billion).
Net payments to the IMF amounted to USD 85 million.
As of June 1, 2025, the volume of international reserves amounted to USD 44.5 billion, which provides financing for imports in the future period for 5.4 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.
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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