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2022
Flag → Flag
Exports $1.61BRnk 57 / 221
2022
Flag → Flag
Top Product $76.7MProcessed Tobacco
2022
Flag → Flag
Exports $2.57BRnk 7 / 191
2022
Flag → Flag
Top Product $328MSeed Oils
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Italy-Ukraine Trade: In 2022, Italy exported $1.61B to Ukraine. The main products that Italy exported to Ukraine were Processed Tobacco ($76.7M), Non-Knit Women's Suits ($38.6M), and Wine ($38.2M). Over the past 5 years the exports of Italy to Ukraine have increased at an annualized rate of 35.7%, from $350M in 2017 to $1.61B 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 Trade: In 2022, Ukraine exported $2.57B to Italy. The main products that Ukraine exported to Italy were Seed Oils ($328M), Corn ($327M), and Semi-Finished Iron ($147M). Over the past 5 years the exports of Ukraine to Italy have increased at an annualized rate of 28.8%,  from $724M in 2017 to $2.57B in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

March, 2024

About

Overview In March 2024, Italy exported €116M and imported €194M from Ukraine, resulting in a negative trade balance of €77.5M. Between March 2023 and March 2024 the exports of Italy have increased by €26.8M (30%) from €89.5M to €116M, while imports increased by €35.6M (22.5%) from €158M to €194M.

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)€26.8M(30%)
IMPORT GROWTH (March 2023 - March 2024)€35.6M(22.5%)

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.

For full datasets download visit Bulk Download page.

Explore Ukraine and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.61B 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 5 years the exports of Italy to Ukraine have increased at an annualized rate of 35.7%, from $350M in 2017 to $1.61B in 2022.

In 2017, Ukraine exported $2.57B to Italy. The main products exported from Ukraine to Italy were Seed Oils ($328M), Corn ($327M), and Semi-Finished Iron ($147M). During the last 22 years the exports of Ukraine to Italy have increased at an annualized rate of 28.8%, from $724M in 1995 to $2.57B in 2017.

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 2022, countries that imported more from Italy than Ukraine included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Ukraine than Italy included 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 2017, Ukraine had a large net trade with Italy in the exports of Vegetable Products ($525M), Metals ($424M), and Animal and Vegetable Bi-Products ($328M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Ukraine+$29MPackaged Medicaments
Top Product Potential Ukraine Italy+$52.4MWheat

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Ukraine. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Ukraine (Flag) (2022)

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