Ukraine recorded a trade deficit of USD 1.676 million in March 2023 compared to a surplus of USD 0.881 million in the corresponding period of the previous year, latest report showed. It was the 11th month of negative reading as imports soared by 213% YoY to USD 5.526 million, pushed by higher purchases of mineral products (+52.9%), machinery & mechanical appliances, electrical equipment & parts thereof (+359%), and products of the chemical & related industries (+215.7%). Meanwhile, exports advanced by slower 45.5% to USD 3.850 million due to rising sales of products of vegetable origin (+202.1%), oils & fats of animal or vegetable origin (+175.8%), and ready-made products (+232.6%). On the other hand, shipments fell for base metals and articles of base metal (-17.5%) and machinery & mechanical appliances, electrical equipment & parts thereof (-24.3%). source: State Statistics Service of Ukraine

Balance of Trade in Ukraine averaged -564.41 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 -2590.60 USD Million in December of 2022. 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 June of 2023.

Balance of Trade in Ukraine is expected to be -1145.00 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 -500.00 USD Million in 2024, according to our econometric models.

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Ukraine Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-14 12:30 PM Feb $-1799.1M $-1913.7M $-2000.0M
2023-05-15 12:30 PM Mar $-1676.1M $-1803.5M $-1650.0M
2023-06-14 12:30 PM Apr $-1676.1M $ -1500M


Related Last Previous Unit Reference
Balance of Trade -1676.10 -1803.50 USD Million Mar 2023
Imports 5526.50 5130.80 USD Million Mar 2023
Exports 3850.40 3327.30 USD Million Mar 2023
Terms of Trade 74.10 72.70 points Mar 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
-1676.10 -1803.50 880.70 -2590.60 2001 - 2023 USD Million Monthly
NSA

News Stream
Ukraine Trade Balance Negative in March
Ukraine recorded a trade deficit of USD 1.676 million in March 2023 compared to a surplus of USD 0.881 million in the corresponding period of the previous year, latest report showed. It was the 11th month of negative reading as imports soared by 213% YoY to USD 5.526 million, pushed by higher purchases of mineral products (+52.9%), machinery & mechanical appliances, electrical equipment & parts thereof (+359%), and products of the chemical & related industries (+215.7%). Meanwhile, exports advanced by slower 45.5% to USD 3.850 million due to rising sales of products of vegetable origin (+202.1%), oils & fats of animal or vegetable origin (+175.8%), and ready-made products (+232.6%). On the other hand, shipments fell for base metals and articles of base metal (-17.5%) and machinery & mechanical appliances, electrical equipment & parts thereof (-24.3%).
2023-05-15
Ukraine's Trade Deficit Widens on Exports Fall
Ukraine's trade deficit widened to USD 1.799 million in February 2023 from USD 0.896 million in the corresponding month of the previous year, latest report showed. Imports dropped 17.1% YoY to USD 5.130 million, dragged by lower purchases of mineral products (-23.8%) and machinery & mechanical appliances, electrical equipment & parts thereof (-15.4%). Meanwhile, exports plummeted by 37.1% to USD 3.331 million due to falling sales of products of vegetable origin (-9.1%), oils & fats of animal or vegetable origin (-22.4%), base metals and articles of base metal (-72.4%), ready-made products (-16.2%), and machinery & mechanical appliances, electrical equipment & parts thereof (-39.3%).
2023-04-14
Ukraine Trade Gap Widens Further
Ukraine's trade deficit widened to USD 2.584,3 million in December 2022 from USD 1.135.5 million in the corresponding month of the previous year, preliminary estimates showed. Imports dropped 23.6% YoY to USD 6.070,8 million, dragged by lower purchases of mineral products (-23.6%) and machinery & mechanical appliances, electrical equipment & parts thereof (-11.1%). Meanwhile, exports declined sharper by 48.8% to USD 3.486,5 million due to weaker sales of base metals and articles of base metal (-82.1%); machinery & mechanical appliances, electrical equipment & parts thereof (-47.4%); oils & fats of animal or vegetable origin (-45.9%); and products of animal origin (-21.6%). For the entire 2022, the country's trade gap expanded to USD 11,124.7 million from USD 4,470.8 million in 2021 because of inflationary pressures, grain crops supply chain disruptions, and poor harvesting amid the bombing attacks.
2023-02-14