Data from the National Bank of Ukraine (NBU) cited by Ukrainian media report that the deficit of Ukraine’s consolidated balance of payments equaled to $2.8 billion in September 2024 (about 1.6% of the projected 2024 GDP), compared to a surplus of $0.3 billion in September 2023 and $4.9 billion in August 2024.
According to the NBU, the deficit of the current account of the balance of payments excluding grants and reinvested income reached $2.4 billion at the end of September 2024, compared to $2.3 billion a month earlier and $1.8 billion in September 2023.
The bank reported that much smaller grants from international partners and the growing primary income deficit caused the increased current account deficit.
Overall, excluding reinvested income and grants from partners, the current account deficit rose by $4.9 billion year-on-year to $11 billion in January-September 2024, or to $15.2 billion from $12.7 billion last year.
The NBU reports that exports were growing faster than imports, so the negative balance of trade in goods and services has decreased since September 2023 to $0.5 billion compared to $0.7 billion, respectively. A particular increase was demonstrated by exports of goods. It attained 16.2% in September 2024 compared to September 2023 and 5.6% compared to August 2024 and reached $3 billion, while the increase of imports reached $5.7 billion (3% growth compared to September 2023 year and only 0.4% increase compared to August 2024).
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