Ukraine's balance of payments surplus rises to $5.1 bln in Nov, while current account deficit increases to $3.5 bln

MOSCOW. Jan 12 (Interfax) - Ukraine had a $5.1 billion surplus in its consolidated balance of payments in November 2025 compared to $3.5 billion year-on-year, Ukrainian media reported, citing the National Bank of Ukraine (NBU) website.

The current account deficit widened to $3.5 billion in November from $1.3 billion a year previously, and excluding reinvested income and grants from international partners - up to $4.2 billion from $2.6 billion, the NBU said.

In total, the current account deficit stood at $30.6 billion in January-November 2025 compared to $15.4 billion for the same period in 2024, and excluding reinvested income and grants - $38.8 billion versus $20.8 billion.

Exports of goods in November decreased 1.7% to $3.4 billion, while imports of goods increased 28.2% to $8.1 billion.

The NBU said that the non-energy segment accounted for nearly 90% of the import growth, as it rose 27.7%, primarily owing to machine-building products, imports of which increased 40.4%. At the same time, energy imports went up 33.0% due to purchases of coal, gas, and electricity.

The trade deficit in services widened to $0.6 billion from $0.5 billion in November 2024, as exports of services went down 8.1%, while imports declined only 0.8%.

The private money transfers in November fell 8.9% to $0.6 billion, and in the first 11 months of 2025 - 15.5% to $7.3 billion.

The net inflow to the financial account in November totaled $8.6 billion (in November 2024 - $4.8 billion) and was more than 80% generated by inflows to the public sector, in particular, owing to net loan proceeds from international partners of $7.0 billion.

As of December 1, 2025, Ukraine's international reserves stood at $54.8 billion, which provides financing for future imports for 5.6 months.