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.