The current account deficit of the balance of payments widened to USD 4.9 billion (compared to a deficit of USD 1.8 billion in April 2025) primarily due to the expansion of the negative balance of trade in goods due to higher growth rates of imports of goods than their exports.
This is stated in the NBU report, Ukrainian News Agency reports.
In addition, there was no grant aid from international partners, while in April 2025 it amounted to USD 1.7 billion. Excluding reinvested income and grants from international partners, the deficit amounted to USD 4.8 billion (in April 2025 – USD 3.3 billion).
For the four months of 2026, the current account deficit amounted to USD 14.4 billion (for January - April 2025 – USD 9.3 billion). Excluding reinvested income and grants from international partners, the deficit amounted to USD 19.4 billion (for the first four months of 2025 – USD 12.9 billion). Exports of goods increased by 11.9% (in March 2026 - only 0.6%), while their imports - by 31.1% (in March 2026 - by 26.6%).
Compared to the previous month, exports of goods increased by 1.6%, and their imports decreased by 6%. The volume of exports of goods amounted to USD 3.5 billion. The growth in exports was ensured primarily by an increase in food exports by 20% (compared to March, it decreased by 0.5%), mainly due to the export of grain crops (by 1.6 times); exports of oils and fats (by 9.3%) and food industry products (by 18%) also increased; instead, exports of oilseeds decreased (by 52%).
In April 2026, in nominal terms, exports increased to all regions of the world, most of all to the EU countries (by USD 183 million, or 11%; the share decreased from 52.3% to 51.8%) and Africa (by USD 118 million, or 1.5 times; the share increased from 6.9% to 9.5%).
Exports also increased to Asia (by USD 41 million, or 4.8%; the share decreased from 27.1% to 25.4%), the Americas (by USD 22 million, or 19.8%; the share increased from 3.5% to 3.7%) and the CIS (by USD 21 million, or 12.3%; the share remained at 5.4%).
The volume of imports of goods amounted to USD 8.9 billion. Energy imports increased by 1.6 times (compared to March, decreased by 21.1%), mainly due to the increase in imports of petroleum products and electricity. The increase in non-energy imports was 27.3% (compared to March, decreased by 3.1%), of which more than two-thirds was provided by the increase in imports of engineering products by 1.5 times (compared to March - by 7.5%).
In April 2026, in nominal terms, imports of goods from Asia (by USD 1.5 billion, or 1.7 times; their share increased from 30.9% to 40.4%) and the EU (by USD 0.6 billion, or 20.9%; the share decreased from 42.4% to 39.1%) grew the most. Imports from the Americas also increased (by USD 139 million, or 29.3%; the share decreased from 7% to 6.9%), Australia (by USD 25 million, or 3.3 times; the share increased by 0.2 percentage points to 0.4%) and the CIS countries (by USD 12 million, or 23.5%; the share decreased by 0.1 percentage points to 0.7%). In contrast, imports from Africa decreased (by USD 40 million, or 32%; the share decreased from 1.8% to 1%).
The balance of payments in April was reduced to a deficit of USD 3.8 billion (in April 2025, the surplus was USD 3.8 billion). Net payments to the International Monetary Fund amounted to USD 0.3 billion (in April 2025, USD 0.1 billion). As of May 1, 2026, the volume of international reserves amounted to USD 48.2 billion, which provides financing for imports in the future period for 4.9 months.
As Ukrainian News Agency earlier reported, in 2025, the current account deficit was USD 31.9 billion (14.9% of GDP) compared to USD 15.2 billion (8% of GDP) in 2024.
In general, for 2025, the consolidated balance of payments was consolidated with a surplus of USD 12.8 billion; in 2024, the balance of payments was in equilibrium (the deficit was only USD 3 million).
In 2024, the current account deficit was 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 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 combined balance of payments was formed with a surplus of USD 9.5 billion (in 2022, the deficit was USD 2.9 billion).
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.