Investor Presentaiton
Firm external position leading to less vulnerability to external shocks
June 2021
Comments
The trade balance deficit amounted to US$ 0.3bn in 4m
2021 which is relatively comparable to US$ 0.1bn in 4m
2020. Slight increase in the deficit is resulting from a slightly
higher growth in imports (by 13.4% y-o-y) vs exports (by
12.8% y-o-y)
The current account (CA) balance demonstrated surplus
of US$ 1.1bn in 4m 2021 which is lower than US$ 3.5bn
during the same period of the previous year mainly due to
outflows related to investment income (US$ 3.9bn in 4m
2021 vs US$ 1.6bn in 4m 2020)
The financial account continued to record capital
outflows (US$ 1.3bn in 4m 2021) which was primarily due to
a souring of global financial conditions for EMs
Balance of payments components, US$ bn
BoP,
2.6
2.8
5.9
2.0
0.6
(0.2)
US$ bn
(3.5)
10.1
9.3
6.1
(6.5)
2017
2018
6.2
3.5
1.1
(1.3)
(2.9)
(4.1)
(4.2)
2019
2020
4m 2020
4m 2021
Private money remittances, US$ bn
22.9%
19.9%
■Current account balance
■Financial account balance
Ukraine's current and trade balance dynamics, US$ bn
CA as %
of GDP
(3.1)%
53.9
(4.9)%
59.2
(2.7)%
63.5
4.0%
60.6
(1.2%)
22.6
20.0
11.9
11.1
7.3%
9.3
(7.8%)
(8.7%)
(20.2)
(22.9)
(8.2%)
(0.3%)
3.7
4.0
(62.7)
(62.4)
(70.6)
(76.0)
2017
2018
2019
2020
4m 2020 4m 2021
Personal money remittances, US$ bn
2017
2018
2019
2020
4m 2020
4m 2021
Remittances y-o-y change, %
Export of goods and services
Import of goods and services
Trade balance (% of GDP)
BA
Source NBU
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