It was established that by the end of 2024, the value of Ukraine's foreign trade in goods will increase by 13%, and its physical volume by 26%. Thus, the foreign trade in goods stabilization continues, the indicators of which did not reach the level of 2021, that is, the level before the start of the full-scale armed aggression of the Russian Federation against Ukraine.
In general, a significant deficit in foreign trade in goods (29.1 billion USD) was formed, which demonstrates problems in logistics, the consequences of the destruction of the Russian Federation's production capacities, and energy infrastructure, ensuring the needs of the domestic market through imports for the defence and energy (energy equipment and electricity) sectors, and the restoration and creation of new production capacities for goods and services in other sectors of the economy. At the same time, imports were also stimulated by the growth of household incomes.
Ensuring the stable operation of seaports and the Ukrainian maritime corridor, as well as improving the transportation of goods by rail and road transport, contributed to the diversification of Ukraine's commodity exports and increased their volume.
The main factors that caused the failure to meet foreign exchange earnings from exports were the decline in prices on world markets for products that form the basis of Ukrainian exports (mainly grain and iron ore raw materials), as well as the failure to return foreign exchange earnings. In addition, during wartime, exporters were negatively affected by the increase in production costs and the decrease in global demand for some goods such as metal products.
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