Page 29 - UKRRptAug18

5.0 External Sector & Trade
Balance of payments 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017e
Current account balance, -12.8 -1.7 -3 -10.2 -14.3 -16.5 -5.3 -1 -3.4 -3.8 USD bln
% GDP -7.1% -1.5% -2.2% -6.3% -8.1% -9.0% -4.0% -1.1% -3.7% -3.9%
Financial account balance, 9.7 -12 8 7.8 10.1 18.5 -8 0.8 4.5 3.3 USD bln
% GDP 5.4% -10.2% 5.9% 4.8% 5.8% 10.1% -6.1% 0.9% 4.9% 3.4%
FDI net, USD bln 9.9 4.7 5.8 7 6.6 3.4 0.3 2.5 3.4 1.4
% of GDP 5.5% 4.0% 4.2% 4.3% 3.8% 1.8% 0.2% 2.8% 3.6% 1.4%
Gross NBU reserves (eop), 31.5 26.5 34.6 31.8 24.5 20.4 7.5 13.3 15.5 18.2 USD bln
Source: SP Advisors
5.1 External sector overview
Ukraine's the current account deficit widened to $415mn in January-May
vs $308mn during the same period last year, according to the National Bank of Ukraine (NBU).
Imports of goods grew by 14.3% y/y in January-May to reach $21.1bn
In May alone, exports of goods amounted to $3.6bn that is 13.2% year-on-year higher. "Favourable external prices supported the growth in exports, however, it slowed down due to the depletion of carry-over stocks of grain and oil crops,"
29 UKRAINE Country Report August 2018 www.intellinews.com