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Pricing

2022
Flag → Flag
Exports $1.42BRnk 57 / 221
2022
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Top Product $76.7MProcessed Tobacco
2022
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Exports $1.71BRnk 7 / 191
2022
Flag → Flag
Top Product $328MSeed Oils
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 0.5Rnk 43 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
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GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
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GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Italy-Ukraine In 2022, Italy exported $1.42B to Ukraine. The main products that Italy exported to Ukraine are Processed Tobacco ($76.7M), Non-Knit Women's Suits ($38.6M), and Wine ($38.2M). During the last 27 years the exports of Italy to Ukraine have increased at an annualized rate of 5.33%, from $350M in 1995 to $1.42B in 2022.

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 2022, Ukraine exported $1.71B to Italy. The main products that Ukraine exported to Italy were Seed Oils ($328M), Corn ($327M), and Semi-Finished Iron ($147M). During the last 27 years the exports of Ukraine to Italy have increased at an annualized rate of 3.24%, from $724M in 1995 to $1.71B in 2022.

In 2022, Ukraine did not export any services to Italy.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Ukraine ranked 43 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €117M and imported €139M from Ukraine, resulting in a negative trade balance of €22.3M. Between December 2022 and December 2023 the exports of Italy have increased by €29.7M (34.2%) from €86.9M to €117M, while imports decreased by €-20.2M (-12.7%) from €159M to €139M.

Trade In December 2023, the top exports of Italy to Ukraine were Inhalable tobacco/nicotine products (€10.5M), Medical Instruments (€4.02M), Non-Knit Women's Suits (€2.56M), Wine (€2.27M), and Coffee (€1.97M). In December 2023 the top imports of Italy from Ukraine were Corn (€82.8M), Seed Oils (€34.3M), Soybeans (€16.6M), Wheat (€12.7M), and Other Vegetable Residues (€6.21M).

Growth In December 2023, the increase in Italy's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Insulated Wire (€691k or 55.8%), Tractors (€502k or 90%), and Processed Tomatoes (€437k or 181%). In December 2023, the decrease in Italy's year-by-year imports  from Ukraine was explained primarily by an decrease in product imports  in Semi-Finished Iron (€-61.2M or -97.3%), Seed Oils (€-27.4M or -44.3%), and Pig Iron (€-19.3M or -78%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€29.7M(34.2%)
IMPORT GROWTH (December 2022 - December 2023)€-20.2M(-12.7%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Ukraine and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.42B to Ukraine. The main products exported from Italy to Ukraine were Processed Tobacco ($76.7M), Non-Knit Women's Suits ($38.6M), and Wine ($38.2M). During the last 27 years the exports of Italy to Ukraine have increased at an annualized rate of 5.33%, from $350M in 1995 to $1.42B in 2022.

In 2022, Ukraine exported $1.71B to Italy. The main products exported from Ukraine to Italy were Seed Oils ($328M), Corn ($327M), and Semi-Finished Iron ($147M). During the last 27 years the exports of Ukraine to Italy have increased at an annualized rate of 3.24%, from $724M in 1995 to $1.71B in 2022.

Exports from Italy (Flag) to Ukraine (Flag) (2022)

Exports from Ukraine (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Ukraine
Top DestinationPoland$6.7B

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 ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Ukraine than Italy were Moldova ($929M), Ethiopia ($289M), and Yemen ($108M).

Difference in imports from Ukraine (Flag) and Italy (Flag) (2022)

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 2022, Italy had a large net trade with Ukraine in the exports of Machines ($406M), Foodstuffs ($226M), and Chemical Products ($153M).

During 2022, Ukraine had a large net trade with Italy in the exports of Vegetable Products ($525M), Metals ($424M), and Animal and Vegetable Bi-Products ($328M).

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) (2022)

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