The National Bank of Ukraine has indicated how much Ukraine's losses could reach due to the blockade at the border

The National Bank of Ukraine has indicated how much Ukraine's losses could reach due to the blockade at the border

Blockade of the border with Poland / Photo: TSN.ua / Photo: ТСН.ua

In November, partial compensation for import losses was achieved.

The blockade of certain land checkpoints on the western border has led Ukraine to experience a $160 million export loss and a $700 million decrease in imports.

These figures were disclosed by the National Bank of Ukraine, as reported by "RBC-Ukraine."

It's noted that the reduction in the volume of foreign trade for November and December could reach $1.5 billion. Specifically, the reduction amounted to $860 million in November and $620 million in December.

As reported by the State Customs Service, last year the share of automotive transport in the value of export volumes was approximately 35%, while for imports, it was around 70%.

"The partial compensation for import losses in November was achieved through increased deliveries by alternative routes, particularly by rail. Meanwhile, export losses were mitigated by increased shipments through a new maritime corridor, with transport volumes in November approaching the highest levels seen in the “grain corridor”," the regulatory body stated.

At the same time, a certain easing of the blockade during the second decade of December allows for reducing estimates of further export losses to $120 million per month and import losses to $500 million per month.

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