Page 30 - UKRRptJul21

5.2 Balance of payments
Ukraine’s goods trade balance was in a minor surplus of $32mn in April, switching from a $760mn deficit in March, the State Statistics Service announced in a preliminary report on June 14. The seasonally adjusted goods trade deficit amounted to $359mn (vs. a $424 571 deficit in March) amid a 2.9% m/m growth of adjusted exports and a 1.1% m/m decline in adjusted imports.
Goods exports jumped 40% y/y in April to $5.36bn (vs. a 27% y/y increase in March). The accelerated growth was mostly driven by exports of ferrous metals (+66%), mineral products (+77% y/y) and machinery (+73% y/y). At the same time, exports of animal and vegetable fats declined 1.5% y/y.
Goods imports surged 56% y/y to $5.33bn in April (vs. 25% y/y increase in March). The acceleration was mostly driven by imports of vehicles, which increased 2.5 times year-on-year, heavy machinery (+68% y/y) and energy goods (+45% y/y).
In 4M21, the goods trade deficit amounted to $1.3bn (vs. a deficit of $0.9bn in 4M20), goods exports increased 18.8% y/y while goods imports advanced 20.3% y/y.
30 UKRAINE Country Report July 2021 www.intellinews.com