The Ukrainian government predicts a reduction in the gap between exports and imports in the next three years.

Wednesday, July 3, 2024
The Ukrainian government predicts a reduction in the gap between exports and imports in the next three years.

In 2025-2027, Ukraine is expected to accelerate the growth of its export of goods and services against moderate growth rates in imports. This should reduce the negative trade balance of goods and services by the end of the forecast period, the Budget Declaration for 2025-2027 states.

According to the forecast, in 2025-2027 the growth in the export of goods and services will gradually accelerate from 7% in 2025 to 17.6% in 2026 and 19.3% in 2027. As noted by the government, the positive dynamics will be facilitated by the unblocking of Ukraine’s seaports, which in the medium term will make it possible to return Ukrainian exports to the traditional foreign market, and the development of a mechanism for insurance, reinsurance, and guaranteeing export activities.

At the same time, the import growth rate is expected to be restrained primarily due to the recovery of domestic production: in 2025 – by 3.7%; in 2026, by 3.3%. However, in 2027, there will be an increase of 7.1% compared to the previous year.

 

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