Page 32 - UKRRptOct20

5.2​ Balance of payments, current account
Ukraine’s current account (C/A) reached a $370mn surplus in August​, compared to a $147mn deficit in July, the National Bank of Ukraine (NBU) preliminarily reported on September 30.
The trade deficit shrunk to $77mn from $586mn in July​. The goods trade deficit shrank to $0.5bn from $1.0bn in August.
The primary income account reached a $178mn surplus ​(vs. a 129mn surplus in July), while the secondary income account surplus amounted to $851mn (vs. a 269mn surplus in July).
In 8M20, the current account surplus amounted to $4.2bn (vs. a $3.7bn deficit in 8M19).
Goods imports slid 17.8% y/y to $4.3bn in August, compared to a 21.2% y/y plunge in July. The decline was mostly due to a 44.3% y/y drop in mineral product imports (vs. a 44.5% y/y fall in July) and a decline of machinery imports of 12.7% y/y (vs. 16.8% y/y in July). Meanwhile, food imports jumped 21.2% y/y (vs. a 15.1% y/y growth in July). In 8M20, goods imports dropped 17.1% y/y.
The decline in goods exports slowed to 2.0% y/y to $3.9bn in August from a drop of 15.4% y/y in July. In particular, food exports advanced 3.1% y/y (vs. a 16.1% y/y decline in July), while machinery exports surged 15.2% y/y (vs. a
32​ UKRAINE Country Report​ October 2020 ​ ​www.intellinews.com