Flag Italy / Ukraine Flag

Exports Flag β†’ Flag  (2018): $2.03B, Rnk 45 / 213

Top Product Flag β†’ Flag (2018): $182M, Refined Petroleum

Exports Flag β†’ Flag (2018): $2.72B, Rnk 3 / 187

Top Product Flag β†’ Flag (2018): $1.03B, Semi-Finished Iron

Economic Complexity of Flag (2018): ECI 1.31, Rnk 18 / 137

Economic Complexity of Flag (2018): ECI 0.6, Rnk 40 / 137

Italy-Ukraine: In 2018, Italy exported $2.03B to Ukraine. The main products exported from Italy to Ukraine were Refined Petroleum ($182M), Other Furniture ($47.9M), and Leather Footwear ($43.6M). During the last 23 years the exports of Italy to Ukraine have increased at an annualized rate of 7.93%, from $350M in 1995 to $2.03B in 2018. 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 2018, Ukraine exported $2.72B to Italy. The main products exported from Ukraine to Italy were Semi-Finished Iron ($1.03B), Corn ($289M), and Seed Oils ($236M). During the last 23 years the exports of Ukraine to Italy have increased at an annualized rate of 5.84%, from $736M in 1995 to $2.72B in 2018.

Comparison: In 2018, Italy ranked 18 in the Economic Complexity Index (ECI 1.31), and 8 in total exports ($540B). That same year, Ukraine ranked 40 in the Economic Complexity Index (ECI 0.6), and 52 in total exports ($51.2B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Italy exported $2.03B to Ukraine. The main products exported from Italy to Ukraine were Refined Petroleum ($182M), Other Furniture ($47.9M), and Leather Footwear ($43.6M). During the last 23 years the exports of Italy to Ukraine have increased at an annualized rate of 7.93%, from $350M in 1995 to $2.03B in 2018.

In 2018, Ukraine exported $2.72B to Italy. The main products exported from Ukraine to Italy were Semi-Finished Iron ($1.03B), Corn ($289M), and Seed Oils ($236M). During the last 23 years the exports of Ukraine to Italy have increased at an annualized rate of 5.84%, from $736M in 1995 to $2.72B in 2018.

Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $67.8B

Ukraine
Top Destination
: Russia, $4.22B

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 2018, countries that imported more from Italy than Ukraine were Germany ($67.8B), France ($56.4B), and United States ($50.6B).

In 2018, countries that imported more from Ukraine than Italy were Belarus ($1.33B), Moldova ($734M), and Georgia ($485M).

Comparative Advantage Italy - Ukraine

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Depth

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

During 2018, Italy had a large net trade with Ukraine in the exports of Machines ($641M), Mineral Products ($213M), and Textiles ($193M).

During 2018, Ukraine had a large net trade with Italy in the exports of Metals ($1.53B), Vegetable Products ($411M), and Animal and Vegetable Bi-Products ($237M).

Tariff Section

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This sections shows import tariffs for products traded between Italy and Ukraine (using the HS6 product classification and the last year reported).

In 2017, the products from Italy that paid the highest import tariffs to enter Ukraine were Mushrooms, prepared or preserved, not in vinegar (132%) and Vegetables: mushrooms of the genus Agaricus, provisionally preserved but unsuitable in that state for immediate consumption (122%).

In 2018, the products from Ukraine that paid the highest import tariffs to enter Italy were Raw sugar, beet (50%) and Raw sugar, beet (50%).

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*The tariffs present between Italy and Ukraine are:
123: European Union Generalized System of Preference
136: Most Favoured Nation duty rate treatement
325: Preferential tariff for Ukraine

Trade Forecasts

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This section shows a forecast for total trade between Italy and Ukraine. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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