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National Bank of Ukraine. Balance of Payments in Ukraine, April 2010.
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28 May 2010
In April current account surplus
reached USD 234 million.
It was caused
by positive dynamics in the world
commodity markets, including ferrous
metals. Month-on-month export of goods
increased by 10.7%, while import stayed at
the same level.
Cumulative current account deficit
(for the last 12 month) continued to
decline. In April it reached USD 0.8
billion, its minimal value since 2006.
Exports of goods
in April
composed USD 4.3 billion and increased by
7.4% compared to the previous month.
Seasonally adjusted export of goods
increased by 3.3%. Year-on-year growth
made up 37% due to high prices for
commodity goods.
The increase in export values was
contributed by export of ferrous metals
(increased by 20.9% on month-on-month
terms) and oil products (by 51.6%). The
export values of other commodity groups
stayed at the level of March 2010.
In January-April 2010
merchandise exports
made up USD 14.7 billion or 27.2% higher
than at the same period of the previous year.
Merchandise imports
decreased in
April by 0.9% in month-on-month terms to
USD 4.7 billion. Seasonally adjusted
import fell by 1.6%. Year-on-year growth
made up 30.9%.
The decrease of import was caused
by reduction of equipment and mashinery
import by 9.1% after rapid increase in the
previous month.
The import values of minetral
products stayed at the same level.
The import of chemicals and
metallurgical products increased by 5% and 11% accordingly.
In January-March merchandise imports made up USD 16.5 billion or increased by 27.4%
compared to the same period of 2009.
The
surplus of trade of services
increased almost twice to USD 452 million (USD 208
million in April) due to seasonally increase in item “travel”. On year-on-year basis export of
services grew by 24.6% due to increase in receipts from pipeline transport services.
The widening of the negative balance of incomes to the amount of USD 137 million was
caused by drop in item “labour income”. Also the repayments in April increased to USD 518
million due to dividends’ payments.
The positive balance of transfers
stayed almost unchanged at the level of
USD 293 million.
Financial account was formed with
substantial surplus in the amount of
USD 1.1 billion (USD 1.3 billion in
March). The cumulative financial account
deficit reduced to USD 6.0 billion
compared to USD 7.9 billion in March.
The positive balance was caused by:
- net inflows on debt and bond operations amounted to USD 1.1 billion mostly thanks to
the issuing of eurobonds by private sector of economy (USD 843 million) and purchases of Tbills
by non-residents (USD 275 million);
- decrease of amount of foreign cash holdings in other sectors of economy reached USD
396 million as the result of positive moods
on the currency market.
Net foreign direct investments in
April were at the low level and made up
USD 260 million due to negligible inflows
into the banking sector of economy.
The balance of payments
surplus in
April increased the reserve assets of the
National Bank of Ukraine to USD 26.4
billion, that covers 4.8 months of future
imports.
Source:
National Bank of Ukraine
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