The current account deficit of the balance of payments widened to USD 3.1 billion in June (compared to a deficit of USD 2.5 billion in June 2024) primarily due to a significant increase in imports of goods.
This is evidenced by data from the National Bank of Ukraine (NBU), Ukrainian News Agency reports.
On the other hand, the increase in the trade deficit was partially offset by the receipt of grants from international partners.
Excluding reinvested income and grants from international partners, the deficit amounted to $4.1 billion (in June 2024 - $2.2 billion).
For January - June 2025, the current account deficit amounted to USD 14.9 billion (in January - June 2024 – USD 10.4 billion).
Excluding reinvested income and grants from international partners, the deficit amounted to USD 19.5 billion (in the first half of 2024 – USD 9.2 billion).
Exports of goods increased by 4.0% (in May 2025 by 1.7%), imports of goods increased by 26.0% (in May 2025 - by 20.8%).
Compared to the previous month, exports decreased by 15.4%, and imports of goods increased by 3.5%.
Exports of goods amounted to USD 2.9 billion.
Imports of goods amounted to USD 7.3 billion.
Almost all of the growth was provided by an increase in non-energy imports by 28.3% (compared to May +4.0%), primarily mechanical engineering products - by 46.7% (compared to May +4.1%).
The balance of payments in June was adjusted with a surplus of USD 0.8 billion (in June 2024, the deficit was USD 0.9 billion).
Net payments to the IMF amounted to USD 426 million (in June 2024, net payments were USD 248 million).
As of July 1, 2025, the volume of international reserves amounted to USD 45.1 billion, which provides financing for imports for the future period for 5.6 months.
As Ukrainian News Agency earlier reported, the current account deficit of the balance of payments 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 was 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, 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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