Page 22 - UKRRptNov21

5.2 Balance of payments
Ukraine goods trade balance switches to surplus of in August
Ukraine’s goods trade balance switched to a surplus of $105mn in August from a deficit of $616mn in July, the State Statistics Service announced in a preliminary report on Oct. 13. The seasonally adjusted goods balance was in a deficit of $80mn (vs. a $156mn deficit in July) amid 1.9% m/m growth of adjusted exports and a 0.6% m/m increase in adjusted imports.
Goods exports jumped 49% y/y in August to $6.27bn (vs. a 51% y/y increase in July). The accelerated growth was mostly driven by exports of ferrous metals and mineral products (both increased 2.2 times year-on-year).
Goods imports increased 37% y/y to $6.17bn in August (vs. 35% y/y growth in July). The major contributors to the accelerated growth included energy products (2.2 times year-on-year) and chemicals (+53% y/y).
In 8M21, the goods trade deficit amounted to $1.7bn (vs. a deficit of $2.6bn in 8M20); goods exports increased 35.6% y/y and imports jumped 30.1% y/y.
22 UKRAINE Country Report November 2021 www.intellinews.com