Ukraine Current Account Gap Smallest in 6 Years

2026-08-31 23:48 By Joshua Ferrer 1 min. read

Ukraine’s current account posted a deficit of USD 0.1 billion in July 2026, the smallest since June 2020 and down sharply from a USD 4.2 billion deficit recorded in the same month a year earlier.

The improvement was largely driven by a sharp increase in the secondary income surplus, which surged to USD 6.7 billion from USD 1.2 billion, while the primary income deficit narrowed to USD 0.1 billion from USD 0.2 billion.

Meanwhile, the goods account shortfall widened to USD 6.0 billion from USD 4.6 billion, as goods imports rose 12.1% to USD 8.8 billion while exports fell 6.4% to USD 2.9 billion.

The services account gap also expanded to USD 0.7 billion from USD 0.6 billion.

Overall, Ukraine’s current account deficit for January-July narrowed to USD 11.4 billion from USD 20.6 billion in the same period of 2025.

Looking ahead, the central bank expects the current account deficit to reach USD 39.7 billion in 2026.



News Stream
Ukraine Current Account Gap Smallest in 6 Years
Ukraine’s current account posted a deficit of USD 0.1 billion in July 2026, the smallest since June 2020 and down sharply from a USD 4.2 billion deficit recorded in the same month a year earlier. The improvement was largely driven by a sharp increase in the secondary income surplus, which surged to USD 6.7 billion from USD 1.2 billion, while the primary income deficit narrowed to USD 0.1 billion from USD 0.2 billion. Meanwhile, the goods account shortfall widened to USD 6.0 billion from USD 4.6 billion, as goods imports rose 12.1% to USD 8.8 billion while exports fell 6.4% to USD 2.9 billion. The services account gap also expanded to USD 0.7 billion from USD 0.6 billion. Overall, Ukraine’s current account deficit for January-July narrowed to USD 11.4 billion from USD 20.6 billion in the same period of 2025. Looking ahead, the central bank expects the current account deficit to reach USD 39.7 billion in 2026.
2026-08-31
Ukraine Current Account Gap Widens in March
Ukraine's current account deficit increased to USD 4.1 billion in March 2026, nearly three times the deficit of USD 1.5 billion in the same period a year earlier. Goods imports grew by 26.6% to USD 9.5 billion, largely due to increases in demand of fuel from its armed forces and agricultural producers, resulting in an increase of energy imports by 29.7%. Meanwhile, goods exports grew only 0.6% to USD 3.5 billion. The services gap increased to USD 0.6 billion from USD 0.5 billion. The primary income balance increased 58.8% to USD 0.5 billion while the secondary income balance declined by 16.5% to USD 2.5 billion. Looking ahead, the central bank expects the current account deficit to reach USD 39.7 billion in 2026.
2026-04-30
Ukraine Current Account Gap Widens in November
Ukraine posted a current account deficit of USD 3.5 billion in November 2025, up from USD 1.3 billion in the same month a year ago. This was the largest shortfall since July, as the goods deficit rose to USD 4.7 billion from USD 2.9 billion in November 2024, and the services gap increased to USD 0.6 billion from USD 0.5 billion. At the same time, the secondary income surplus shrank to USD 2.1 billion from US 2.3 billion while the primary income deficit was little changed at USD 0.3 billion.
2025-12-31