Ukraine recorded a trade deficit of 817.30 USD Million in December of 2020. source: State Statistics Service of Ukraine

Balance of Trade in Ukraine averaged -541.66 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. 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 2021.

Balance of Trade in Ukraine is expected to be -970.00 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 -830.00 in 12 months time. In the long-term, the Ukraine Balance of Trade is projected to trend around -830.00 USD Million in 2022 and -870.00 USD Million in 2023, according to our econometric models.

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Ukraine Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-817.30 -511.20 688.00 -2364.90 2001 - 2020 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-11-13 02:45 PM Sep $-526.9M $-272.7M $ -1000M
2020-12-21 02:30 PM Oct $-409M $-546M $-840M
2021-01-14 02:30 PM Nov $-412.2M $-482.8M
2021-02-15 01:35 PM Dec $-817.3M $-511.2M
2021-03-17 02:30 PM Jan $-817.3M
2021-04-14 01:30 PM Feb
2021-05-14 01:30 PM Mar
2021-06-14 01:30 PM Apr

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.