Investor Presentaiton
•
Firm external position leading to less vulnerability to external shocks
In 12m 2021, export
to EU and Asia
increased by US$
8.3bn (1.6x y-o-y)
and US$ 4.7bn (1.3x
y-o-y), respectively
Net inflow of direct
investments in 12m
2021 was US$ 6.0bn
versus outflow of
US$ 58m in 12m
2020. It is mainly due
to US$ 4.2bn of
reinvested earnings
in 12m 2021 (US$
488m of earnings
withdrawal in 12m
2020)
Comments
The trade balance deficit amounted to US$ 3.0bn in 2021
(vs US$ 2.4bn in 2020), despite the higher growth in exports
(by 34.2% y-o-y) vs imports (by 33.9% y-o-y)
The current account (CA) balance demonstrated deficit
of US$ 2.1bn in 2021 comparing to US$ 5.3bn surplus a year
ago mainly driven by outflows related to investment income
(US$ 18.7bn in 2021 vs US$ 8.2bn in 2020)
The inflow of capital through financial account increased
by US$ 5.8bn and amounted to US$ 2.6bn inflow in 2021 (vs
US$ 3.3bn outflow in 2020)
Personal money remittances grew at a solid pace (25.4%
y-o-y) and amounted to US$ 15.0bn in 2021
Balance of payments components, US$ bn
2.6
(3.5)
BOP,
2.8
5.9
2.0
0.5
US$ bn
10.1
9.3
6.1
2017
(6.5)
2018
■Current account balance
(4.1)
2019
5.3
2.6
(2.1)
(3.3)
2020
Financial account balance
2021
Private money remittances, US$ bn
Ukraine's current and trade balance dynamics, US$ bn
25.4%
CA as %
of GDP
(3.1)%
(4.9)%
(2.7)%
3.3%
81.5
22.9%
19.9%
53.9
59.2
63.5
60.7
(1.5%)
February 2022
15.0
(7.8%)
12.0
11.1
(8.7%)
11.9
9.3
7.3%
(8.2%)
(62.7)
2017
2018
2019
0.5%
2020
(70.6)
(63.1)
(76.0)
2021
2017
2018
2019
2020
(84.5)
2021
Personal money remittances, US$ bn
Remittances y-o-y change, %
Export of goods and services
Trade balance (% of GDP)
Import of goods and services
Source NBU
BA
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