Ukraine's trade deficit surged to USD 27.376 million in 2023 from USD 11.160 million in 2022. Exports plunged by 18% to USD 36.186 million, mainly for base metals and products thereof (-34.8%), products of vegetable origin (-13%), and oils & fats of animal or vegetable origin (-5%). On the other hand, they rose for ready-made products (31%). Meanwhile, imports increased by 14.9% to USD 6.226 million, driven by purchases of machinery & mechanical appliances, electrical equipment & parts thereof (22.9%) and chemical & related industries (19.7%). In December alone, trade gap grew to record USD 3.015 million from USD 2.591 million in the corresponding month of the previous year. source: State Statistics Service of Ukraine

Ukraine recorded a trade deficit of 3015.40 USD Million in December of 2023. Balance of Trade in Ukraine averaged -626.55 USD Million from 2001 until 2023, reaching an all time high of 880.70 USD Million in March of 2022 and a record low of -3015.40 USD Million in December of 2023. This page provides the latest reported value for - Ukraine Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ukraine Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2024.

Ukraine recorded a trade deficit of 3015.40 USD Million in December of 2023. Balance of Trade in Ukraine is expected to be -2200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ukraine Balance of Trade is projected to trend around -2500.00 USD Million in 2025, according to our econometric models.

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Ukraine Balance of Trade


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-15 04:10 PM
Balance of Trade
Nov $-2171.2M $-2937.7M $-2500.0M
2024-02-14 01:30 PM
Balance of Trade
Dec $-3015.4M $-2173M $ -2900M
2024-03-15 01:30 PM
Balance of Trade
Jan $-3015.4M


Related Last Previous Unit Reference
Balance of Trade -3015.40 -2173.00 USD Million Dec 2023
Imports 6226.00 5134.60 USD Million Dec 2023
Exports 3210.60 2961.60 USD Million Dec 2023
Terms of Trade 80.00 87.30 points Dec 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
-3015.40 -2173.00 880.70 -3015.40 2001 - 2023 USD Million Monthly
NSA

News Stream
Ukraine Trade Deficit Expands in 2023
Ukraine's trade deficit surged to USD 27.376 million in 2023 from USD 11.160 million in 2022. Exports plunged by 18% to USD 36.186 million, mainly for base metals and products thereof (-34.8%), products of vegetable origin (-13%), and oils & fats of animal or vegetable origin (-5%). On the other hand, they rose for ready-made products (31%). Meanwhile, imports increased by 14.9% to USD 6.226 million, driven by purchases of machinery & mechanical appliances, electrical equipment & parts thereof (22.9%) and chemical & related industries (19.7%). In December alone, trade gap grew to record USD 3.015 million from USD 2.591 million in the corresponding month of the previous year.
2024-02-14
Ukraine Trade Deficit Smallest Since June
Ukraine's trade deficit expanded to USD 2.171 million in November 2023 from USD 1.462 million in the same month of 2022, the latest report showed. It was the 19th month of negative reading but the smallest shortfall since June, as shipments fell less due to rebound in trade after Kyiv dislodged Russian forces from the western part of the Black Sea. The exports dropped by 22.5% to USD 2.964 million mainly for products of vegetable origin (-38.3%), oils & fats of animal or vegetable origin (-16.3%). Conversely, they surged for ready-made products (37.8%). Meanwhile, imports slid by 2.9% to USD 5.135 million. Purchases decreased for mineral products (-18%) and grew at a weaker pace for machinery & mechanical appliances, electrical equipment & parts thereof (0.7%) and products of the chemical & related industries (7.9%). In January-November the trade gap expanded to USD 24.351 million from USD 8.570 million in the same period of the previous year.
2024-01-15
Ukraine Trade Deficit Largest on Record in October
Ukraine's trade deficit expanded to USD 2.950 million in October 2023 from USD 1.082 million in October of the previous year, the latest report showed. It was the 18th month of negative reading and the largest shortfall on record as exports plunged by 29.1% yoy to USD 2.692 million on lower sales of products of vegetable origin (-49.7%), oils & fats of animal or vegetable origin (-27.3%), and base metals (-14.4%). On the other hand, shipments jumped for ready-made products (40.9%). Meanwhile, imports rose by 15.7% to USD 5.642 million, driven by higher purchases of machinery & mechanical appliances, electrical equipment & parts thereof (33.5%), transport (38%), and products of the chemical & related industries (20.8%). Conversely, arrivals dropped for mineral products (-16.4%). In January-October the trade gap expanded to USD 22.369 million from USD 7.108 million in the same period of 2022.
2023-12-15