01 September 2022, Thursday, 15:53 142

Surplus Of Current Account Of Balance Of Payments In July Amounted To USD 1.3 Billion

Редактор: Tetiana Herasimova

The surplus of the current account of balance of payments in July amounted to USD 1.3 billion (in July 2021, the deficit was USD 583 million).

This is evidenced by the NBU data, Ukrainian News Agency reports.

The surplus was formed through an increase in secondary income (through receiving grants from international partners and humanitarian assistance) and the formation of a primary income surplus due to a reduction in investment income payments.

At the same time, the negative balance of trade in goods and services has significantly expanded, including at the expense of significant expenses of citizens of Ukraine who are abroad.

In January-July 2022, the current account surplus amounted to USD 4.4 billion (in January-July 2021, the deficit amounted to USD 750 million).

Excluding reinvested revenues, the deficit amounted to USD 214 million (for the seven months of 2021, the surplus made USD 3.4 billion).

Exports of goods in July decreased by 47.4% (in June - by 39.7%), and their imports decreased by 20.3% (in June - by 8.5%).

Compared to the previous month, exports of goods decreased by 7.7%, while their imports decreased by 0.7%.

Exports of goods amounted to USD 2.7 billion.

Exports of ferrous and non-ferrous metals decreased the most - by 75.9% (compared with June 2022, increased by 23.6%).

The volume of imports of goods amounted to USD 4.8 billion.

Energy imports decreased by 0.6% (over June rose by 7.0%).

Non-energy imports fell by 25.2% (over June decreased by 3.0%).

The deficit of the consolidated balance of payments amounted to USD 299 million (in July 2021 the surplus made USD 484 million).

As of August 1, 2022, the volume of international reserves amounted to USD 22.4 billion, which provides financing for imports of the current period for 3.2 months.

As Ukrainian News Agency earlier reported, in 2021, the deficit of the current account of balance of payments made USD 2.1 billion (1.1% of the GDP) over the surplus of USD 5.3 billion (3.4% of the GDP) in 2020.

The surplus of the current account of balance of payments in 2020 made USD 6.6 billion (4.1% of the gross domestic product) over the deficit of USD 4.1 billion (2.7% of the GDP) year over year.

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