Up to $400 million: NBU estimates import losses in February amid renewed border blockade
Kyiv • UNN
In February, imports dropped by about $350-400 million due to the blockade of the western borders, with a significant drop in imports of food, industrial goods, and wood, but an increase in imports of petroleum products and some chemicals.
In February, imports fell by about $350-400 million amid the blockade of the western borders. This was reported by the NBU in its macroeconomic and monetary review for April, UNN reports.
Details
"In February, there was no traditional growth in imports of goods due to the resumption of the blockade of the western borders. The NBU estimates that import losses in February amounted to USD 350-400 million," the NBU said.
Purchases of food products (fish, fruits/nuts), industrial products (clothing, footwear), and wood decreased the most.
"Instead, there was an increase in imports of petroleum products and certain chemical products (fertilizers and pharmaceuticals). This may indicate both a lower intensity of border blocking for road transportation of military goods and a reorientation of these purchases to other trade and transportation routes," the NBU said.
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