Ukraine’s Balance of Payments in October Supported by Partner Funds and Agricultural Exports

In October 2025, Ukraine’s balance of payments received significant support from inflows from international partners and a successful export campaign by farmers. According to the National Bank of Ukraine, the current account deficit in October decreased to 2.1 billion US dollars.

This is reported by AgroReview

Key Factors Improving the Balance of Payments

• Increase in Secondary Income. Despite a slight decrease in the volume of grants from partners, their level remained high. The increase in other international assistance, particularly inflows through charitable foundations, had a particularly positive impact.
• Activation of Foreign Trade. The agricultural sector significantly boosted exports, especially of vegetable oils, due to the accumulation of new harvest stocks. Conversely, imports decreased due to the seasonal reduction in purchases by agricultural producers: with the completion of the sowing and harvesting campaigns, the demand for fuel and fertilizers decreased.

The Year-End Situation Remains Tense

Despite the positive changes in October, the overall financial situation remains challenging. From January to October 2025, the cumulative current account deficit reached 26.9 billion US dollars. Last year, during the same period, this figure was 14.1 billion dollars, meaning the gap between the country’s currency inflows and expenditures nearly doubled over the year.

“In the first 10 months of the year, the total current account deficit reached $26.9 billion. For the same period last year, this figure was $14.1 billion. Thus, the gap between how much currency the country receives and how much it spends has increased by almost 100% over the year.”