The surplus of Ukraine’s balance of payments in February 2018 reached $252 million, compared to the $449 million deficit exhibited in the previous month, according to the preliminary data published on the official website of the National Bank of Ukraine (NBU), Interfax-Ukraine reports.
In January-February 2018, the deficit in the balance of payments totalled $197 million, which shows a 13.97% decline from the figure observed in the previous year.
The National Bank of Ukraine said that the current account surplus in February 2018 declined by 92.4% compared to January, and reached $9 million. In the first two months of 2018, the current account surplus stood at $128 million, indicating a 15.79% drop from the figure a year ago.
The central bank pointed out apparent deterioration in the export performance of a number of commodity groups, despite the maintenance of a favorable price environment for ferrous metals, ores and grains.
According to the National Bank of Ukraine, such pace was linked to a slowdown in the rise of production volumes exhibited across a number of industries and the complication of transportation due to unfavorable weather conditions. In turn, the volume of exports continued rising, mostly thanks to energy and chemical products.
The amount of foreign direct investment (FDI) in February 2018 amounted to $111, all of which were directed to the real economic sector to increase share capital.