Page 33 - UKRRptAug20

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 posted a trade surplus of $44mn in May of 2020​, compared to a $542.2mn deficit in the corresponding month of the previous year. Exports fell 24.1% from a year earlier to $3440.8mn, its lowest level since April of 2017 while imports slid at a faster 33.1% to $3396.8mn.
Ukraine’s trade regime remains stable with China, Poland and Russia remaining the main export destinations, while China, Germany and Russia remain the main source of imports.
One point of interest is Ukraine is successfully diversifying its exports with countries outside of the top 15 trade partners accounting for a third of all exports. Imports are more concentrated amongst the top 15 partners and other countries make up only a quarter of the total.
For exports, China, Poland and Russia account for 23.1% of the total. For imports China, Germany and Russia account for 34.4% of the total.
33​ UKRAINE Country Report​ August 2020 ​ ​www.intellinews.com