Investor Presentaiton
Firm external position leading to less vulnerability to external shocks
September 2021
Comments
The trade balance deficit amounted to US$ 0.3bn in 7m
2021 which is much lower than US$ 1.0bn in 7m 2020. The
decrease in the deficit is resulting from higher growth in
exports (by 27.5% y-o-y) vs imports (by 24.6% y-o-y)
The current account (CA) balance demonstrated deficit
of US$ 0.9bn in 7m 2021 comparing to US$ 4.1bn surplus
year ago mainly due to outflows related to investment
income (US$ 10.1bn in 7m 2021 vs US$ 3.7bn in 7m 2020)
The financial account continued to record capital
inflows (US$ 1.7bn in 7m 2021) which was primarily due to
a improvement of global financial conditions for EMs
Private money remittances, US$ bn
22.9%
19.9%
Balance of payments components, US$ bn
BoP,
2.6
2.8
5.9
2.0
1.1
0.8
US$ bn
10.1
9.3
6.1
5.2
4.1
1.7
(0.9)
(3.5)
(4.1)
(3.2)
(3.0)
(6.5)
2017
2018
2019
2020
7m 2020
7m 2021
â– Current account balance
Financial account balance
Ukraine's current and trade balance dynamics, US$ bn
CA as % (3.1)%
(4.9)% (2.7)%
4.0%
of GDP
53.9
59.2
63.5
60.6
(1.2%)
33.1
42.2
11.1%
(7.8%)
11.9
(8.7%)
11.1
7.3%
9.3
(8.2%)
(34.1)
(0.7%)
7.3
(42.5)
(0.3%)
(62.7)
(70.6)
(62.4)
(76.0)
2017
2018
2019
Personal money remittances, US$ bn
2020
7m 2020 7m 2021
2017
Remittances y-o-y change, %
2018
2019
2020
7m 2020
7m 2021
Export of goods and services
Import of goods and services
Trade balance (% of GDP)
Source NBU
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