Ukraine recorded a trade deficit of 896.60 USD Million in November of 2020. Balance of Trade in Ukraine averaged -545.85 USD Million from 2001 until 2020, reaching an all time high of 688 USD Million in April of 2004 and a record low of -2364.90 USD Million in April of 2008. source: State Statistics Service of Ukraine

Balance of Trade in Ukraine is expected to be -500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Ukraine to stand at -970.00 in 12 months time. In the long-term, the Ukraine Balance of Trade is projected to trend around -830.00 USD Million in 2020, according to our econometric models.

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Ukraine Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-896.60 -1282.20 688.00 -2364.90 2001 - 2020 USD Million Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 02:35 PM Aug $-890.7M $-1188.7M $-750M
2019-11-14 04:35 PM Sep $-1201M $-937.1M $ -1336M
2019-12-16 03:00 PM Oct $-1276M $-1278M
2020-01-14 02:45 PM Nov $-897M $-1282M
2020-02-14 02:45 PM Dec $-897M $ -950M


Ukraine Balance of Trade
Ukraine exports mainly steel, coal, fuel and petroleum products, chemicals, machinery and transport equipment and grains like barley, corm and wheat. More than 60% of the exports goes to other former Soviet Republics countries with Russia, Kazakhstan and Belarus being the most important. Others include Turkey and China. Ukraine imports mostly oil and natural gas, machinery and equipment, chemicals. Its main import partners are former Soviet Republics countries (Russia and Belarus are the biggest). Germany, China, and Poland have been also gaining importance in recent years.

Ukraine Trade Last Previous Highest Lowest Unit
Balance of Trade -896.60 -1282.20 688.00 -2364.90 USD Million [+]
Current Account 57.00 -638.00 624.00 -2498.00 USD Million [+]
Current Account to GDP -3.60 -2.20 10.60 -8.70 percent [+]
Imports 5219.90 5832.20 8822.90 1025.20 USD Million [+]
Exports 4323.30 4550.00 7616.80 1215.20 USD Million [+]
External Debt 119953.00 115511.00 142079.00 23811.00 USD Million [+]
Capital Flows -3589.00 -875.00 6964.00 -6044.00 USD Million [+]
Gold Reserves 24.57 24.57 42.61 13.40 Tonnes [+]
Foreign Direct Investment 647.00 698.00 6502.00 -470.00 USD Million [+]
Crude Oil Production 35.00 34.00 67.00 26.00 BBL/D/1K [+]
Remittances 2846.00 2693.00 2961.00 1218.00 USD Million [+]
Terms Of Trade 97.60 103.40 108.80 86.90 points [+]
Terrorism Index 5.55 6.05 7.20 0.15 [+]
Weapons Sales 224.00 293.00 1498.00 82.00 USD Million [+]