After the start of a full-scale war, the structure of foreign trade has changed

The NBU says that in 9 months of 2023, the ratio of export of goods to GDP reduced from 31% in 2021 to 20%. A significant expansion of the deficit in trade in goods is observed.

The reasons for such changes in the economy are the destruction of production and infrastructure, the occupation of territories, limited logistics, and trade restrictions. Due to this, the export of goods reduced. In particular, Ukraine began to supply other countries with less metallurgy and food products. Import, on the other hand, remained significant and even increased due to the needs of strengthening the country's defensive capacity and vital activities.

More details: https://bit.ly/3u82Iey

 

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