Ukraine - Net Exports





Ukraine: Net Exports

Mnemonic NETEX.IUKR
Unit Mil. UAH, NSA
Adjustments Not Seasonally Adjusted
Quarterly 218.15 %
Data 2020 Q2 26,808
2020 Q1 -22,689

Series Information

Source State Statistics Service of Ukraine
Release National Accounts
Frequency Quarterly
Start Date 3/31/2000
End Date 6/30/2020

Ukraine: Trade

Reference Last Previous Units Frequency
Balance of Goods Jul 2020 -2,119,804 -1,276,828 Ths. USD, YTD, NSA Monthly
Exports of Goods Jul 2020 26,629,565 22,912,571 Ths. USD YTD, NSA Monthly
Imports of Goods Jul 2020 28,749,370 24,189,399 Ths. USD YTD, NSA Monthly
Current Account Balance 2020 Q2 1,689 2,270 Mil. USD, NSA Quarterly
Exports of Goods and Services 2020 Q2 355,283 381,901 Mil. UAH, NSA Quarterly
Imports of Goods and Services 2020 Q2 -328,475 -404,590 Mil. UAH, NSA Quarterly
Net Exports 2020 Q2 26,808 -22,689 Mil. UAH, NSA Quarterly
Real Net Exports 2020 Q2 -4,377 -46,435 Mil. 2016 UAH, NSA Quarterly

Release Information

For Ukraine, the quarterly national accounts, including the detailed expenditure and production approaches (viz., use of GDP and GVA).

Active:

  • National accounts framework: UN SNA 2008
  • Industry classification: CTEA-2010, the localization of NACE Rev. 2
  • Measurements:
    • Millions of Ukrainian hryvnias at constant year-2016 prices (Mil. 2016 UAH)
    • At current prices (Mil. UAH)
    • Year-over-year percent change based on 2016 prices (% Y/Y 2016)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: 2001Q1

Predecessors, where different:

  • SNA 2008 at 2010 prices - 2010 to 2020
  • SNA 1993 - 2002 to 2014

The source writes:

The major methodological changes which have the most impact on the level of GDP refer to investment.

According to SNA08, expenditure on research and development and weapons systems (warships, submarines, military aircraft, tanks, etc.) are now included in gross fixed capital formation, i.e. investment. This is recognition that expenditure on these items provide long-lasting services to businesses, non-profit institutions, and the governments who use them. This increases the level of GDP across time, but the impact on GDP growth rates will generally be minor (as can be seen in countries who have already implemented SNA08). 

Moreover, in situations like this when a major methodological change is proposed and agreed to at the international level, countries tend to take advantage of the unique situation and make changes to improve all their compilation methods - therefore increasing the general level of revision. It is important to underline that the impact of compilation improvements could be higher than the impact of the SNA08 implementation. For example, the Netherlands increased their level of GDP by 7.6% for 2010, but only 3 percentage points are related to SNA08 implementation.

Ukraine has implemented the SNA08 in 2014 providing revised data according to the new methodology on specific datasets.

Moody's Analytics supplements

We extend select series. We compute NSA identities. We compute SA versions.

Four successive national accounts methodological revisions have taken place: 1952, 1968, 1993 and 2008.

The GDP data are revised and updated in accordance with the availability of input information.

The dataset compiled under the new methodology, is presented considering territorial changes which occured at the begining of 2014. It excludes territories of Crimea, Sevastopol and anti-terrorist operation zones.

Further reading

At IMF (SDDS):