2021
Flag  
GDP
$2.11TCURRENT US$
Rnk 8 / 204
2011-2021
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GDP GROWTH
-7.87%CURRENT US$
Rnk 181 / 204
2021
Flag
 GDP
$200BCURRENT US$
Rnk 53 / 204
2011-2021
Flag
GDP GROWTH
18%CURRENT US$
Rnk 123 / 204
2021
Flag
GDP PC 
$35,770CURRENT US$
Rnk 37 / 204
2011-2021
Flag
GDP PC GROWTH
-7.45%CURRENT US$
Rnk 160 / 204
2021
Flag
GDP PC
$4,828CURRENT US$
Rnk 124 / 204
2011-2021
Flag
GDP PC GROWTH
30.3%CURRENT US$
Rnk 63 / 204

About

Italy-Ukraine In 2021, Italy exported $2.4B to Ukraine. The main products that Italy exported to Ukraine are Refined Petroleum ($139M), Processed Tobacco ($128M), and Wine ($66.6M). During the last 26 years the exports of Italy to Ukraine have increased at an annualized rate of 7.67%, from $350M in 1995 to $2.4B in 2021.

In 2002, Italy exported services to Ukraine worth $56.6M, with Travel ($30.4M), Other business services ($17.8M), and Transportation ($8.39M) being the largest in terms of value.

Ukraine-Italy In 2021, Ukraine exported $3.36B to Italy. The main products that Ukraine exported to Italy were Semi-Finished Iron ($1.19B), Pig Iron ($345M), and Seed Oils ($323M). During the last 26 years the exports of Ukraine to Italy have increased at an annualized rate of 5.7%, from $794M in 1995 to $3.36B in 2021.

In 2021, Ukraine did not export any services to Italy.

Comparison In 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.49), and 47 in total exports ($69.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Italy exported $2.4B to Ukraine. The main products exported from Italy to Ukraine were Refined Petroleum ($139M), Processed Tobacco ($128M), and Wine ($66.6M). During the last 26 years the exports of Italy to Ukraine have increased at an annualized rate of 7.67%, from $350M in 1995 to $2.4B in 2021.

In 2021, Ukraine exported $3.36B to Italy. The main products exported from Ukraine to Italy were Semi-Finished Iron ($1.19B), Pig Iron ($345M), and Seed Oils ($323M). During the last 26 years the exports of Ukraine to Italy have increased at an annualized rate of 5.7%, from $794M in 1995 to $3.36B in 2021.

Exports from Italy (Flag) to Ukraine (Flag) (2021)

Exports from Ukraine (Flag) to Italy (Flag) (2021)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.4B
Ukraine
Top Destination
China$8.09B

This map shows whether countries import more from Italy or Ukraine. Each country is colored based on the difference in imports they receive from Italy and Ukraine or the difference in the growth in imports.

In 2021, countries that imported more from Italy than Ukraine were Germany ($78.4B), France ($61.6B), and United States ($58.1B).

In 2021, countries that imported more from Ukraine than Italy were Belarus ($1.47B), Moldova ($840M), and Ethiopia ($595M).

Difference in imports from Ukraine (Flag) and Italy (Flag) (2021)

Comparative Advantage Italy - Ukraine

Flow
Scale

This chart compares trade between Italy and Ukraine by product, considering products traded by both, Italy and Ukraine.

During 2021, Italy had a large net trade with Ukraine in the exports of Machines ($721M), Foodstuffs ($349M), and Chemical Products ($238M).

During 2021, Ukraine had a large net trade with Italy in the exports of Metals ($1.98B), Vegetable Products ($348M), and Animal and Vegetable Bi-Products ($323M).

Service Trade

Bilateral Service Trade

Ita Year

In 2002, Italy exported services to Ukraine worth $56.6M, with Travel ($30.4M), Other business services ($17.8M), and Transportation ($8.39M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Ukraine (Flag) (2002)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Ukraine. Similarly, the more yellow a dot/product is, the more Ukraine has comparative advantage over Italy.

Product Space of Italy (Flag) and Ukraine (Flag) (2021)

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