Page 24 - UKRRptMay20

5.0​ External Sector & Trade
Balance of payments
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018E
2019E
Current account balance, USD bln
-12.8
-1.7
-3
-10.2
-14.3
-16.5
-4.6
-0.2
-3.5
-2.4
-4.5
-4.7
% GDP
-7.1%
-1.5%
-2.2%
-6.3%
-8.1%
-9.0%
-3.4%
-0.2%
-3.7%
-2.2%
-3.4%
-3.2%
Financial account balance, USD bln
9.7
-12
8
7.8
10.1
18.6
-9.1
0.6
4.7
5
7.4
4
% GDP
5.4%
-10.2%
5.9%
4.8%
5.8%
10.1%
-6.8%
0.6%
5.0%
4.5%
5.6%
2.7%
FDI net, USD bln
9.9
4.7
5.8
7
7.2
4.1
0.3
3
3.3
2.6
2.4
2.5
% of GDP
5.5%
4.0%
4.2%
4.3%
4.1%
2.2%
0.2%
3.3%
3.5%
2.3%
1.8%
1.7%
Gross NBU reserves (eop), USD bln
31.5
26.5
34.6
31.8
24.5
20.4
7.5
13.3
15.5
18.8
20.8
20.5
Monetary and banking indicators
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018E
2019E
Source: SP Advisors
5.1​ External sector overview
Ukraine continue to diversify its export base in February, the latest data available. ​China remains the number trade partner for both imports and exports after coming from nowhere in 2019 to top the table ever since.
China’s share of exports fell slightly from 10.8% in January to 9.4% in February. In dollar terms exports to China were worth $759.7mn in the first two months of this year.
China’s share of imports fell slightly from 16.2% in January to 15.7% in February. In dollar terms imports from China were worth $1.34bn in the first two months of this year.
The trade deficit with China has grown to $578mn in 2M20 and is running at an
24​ UKRAINE Country Report​ May 2020 ​ ​www.intellinews.com