The current account deficit in October remained at the level of October last year and amounted to USD 2.1 billion.
This is stated in the NBU material, Ukrainian News Agency reports.
The expansion of the trade deficit in goods (due to a significant increase in imports) was fully offset by the receipt of grants and other assistance from international partners (USD 1.8 billion compared to USD 25 million in October 2024).
Excluding reinvested income and grants from international partners, the deficit amounted to USD 2.9 billion (in October 2024 – USD 2.0 billion).
For January - October 2025, the current account deficit amounted to USD 26.9 billion (for January - October 2024 – USD 14.1 billion).
Excluding reinvested income and grants from international partners, the deficit amounted to USD 34.3 billion (for 10 months of 2024 – USD 18.1 billion).
Exports of goods decreased by 3.8% (in September 2025 - by 1.7%), imports of goods increased by 24.5% (in September 2025 - by 32.4%).
Compared to the previous month, exports and imports of goods increased by 18.2% and 1.1%, respectively.
Exports of goods amounted to USD 3.5 billion.
The decrease was primarily due to a decrease in food exports by 16.5% (compared to September, it increased by 25.1%) due to a drop in exports of oilseeds (by 62.2%), cereals (by 23.7%) and food industry products (by 4.1%); at the same time, exports of oils (by 16.1%) and meat and dairy products (by 26.5%) increased.
Exports of mechanical engineering products also decreased by 21.3% (compared to September, it decreased by 4.3%).
In October 2025, in nominal terms, exports to the EU countries decreased the most (by USD 166 million, or 7.7%; the share decreased from 58.5% to 56.1%) and to Asian countries (by USD 138 million, or 14.7%; the share decreased from 25.7% to 22.8%).
At the same time, exports to Africa increased (by USD 121 million, or 1.7 times, the share increased from 4.8% to 8.4%), CIS countries (by USD 36 million, or 21.2%; the share increased from 4.6% to 5.8%) and to both Americas (by USD 7 million, or 7.3% (the share increased from 2.7% to 3.0%).
The volume of imports of goods amounted to USD 8.1 billion.
Almost all the growth was provided by an increase in non-energy imports by 25.8% (compared to September - by 1.7%), primarily mechanical engineering products - by 41.1% (compared to September - decreased by 0.7%).
Energy imports increased by 14.7% (compared to September - decreased by 3.8%) due to an increase in imports of petroleum products and coal.
In October In 2025, in nominal terms, imports from Asia increased the most (by USD 837 million, or 40.0%; the share increased from 32.3% to 34.6%) and the EU countries (by USD 421 million, or 14.6%, the share decreased from 44.5% to 41.0%).
Imports from the Americas also increased (by USD 96 million, or 23.0%; the share remained at 6.4%) and Africa (by USD 20 million, or 24.7%, the share was 1.3%).
Imports from the CIS countries increased by USD 10 million, or 19.6% (the share remained at 0.8%).
The balance of payments in October was adjusted with a surplus of USD 3.1 billion (in October 2024, the deficit was USD 3.3 billion).
Net repayments to the International Monetary Fund amounted to USD 84 million (in October last year, net inflows amounted to USD 1.0 billion).
As of November 1, 2025, the volume of international reserves amounted to USD 49.5 billion, which provides financing for imports of the future period for 5.1 months.
As 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.
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).
Surplus of the current account balance of payments 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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