Russia (RUS) and Ukraine (UKR) Trade

2022

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Exports $1.39BRnk 46 / 138

2022

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About

Russia-Ukraine Trade: In 2022, Russia exported $1.39B to Ukraine. The main products that Russia exported to Ukraine were Refined Petroleum ($518M), Coal Briquettes ($360M), and Coke ($65.9M). Over the past 5 years the exports of Russia to Ukraine have decreased at an annualized rate of 30.5%, from $8.56B in 2017 to $1.39B in 2022.

In 2020, Russia exported services to Ukraine worth $630M, with Travel ($456M), Other business services ($67.3M), and Transportation ($34.7M) being the largest in terms of value.

Ukraine-Russia Trade: In 2022, Ukraine exported $493M to Russia. The main products that Ukraine exported to Russia were Aluminium Oxide ($141M), Hot-Rolled Iron ($62.5M), and Flat Flat-Rolled Steel ($33.6M). Over the past 5 years the exports of Ukraine to Russia have decreased at an annualized rate of 35.4%, from $4.37B in 2017 to $493M in 2022.

In 2020, Ukraine exported services to Russia worth $2.62B, with Transportation ($2.43B), Other business services ($89.6M), and Royalties and license fees ($42.9M) being the largest in terms of value.

Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $625M and imported $371M from Ukraine, resulting in a positive trade balance of $254M. Between January 2021 and January 2022 the exports of Russia have increased by $255M (68.8%) from $370M to $625M, while imports increased by $145M (64.1%) from $226M to $371M.

Trade In January 2022, the top exports of Russia to Ukraine were Refined Petroleum ($69.2M), Coal Briquettes ($42.2M), Ammonia ($13.5M), Petroleum Gas ($13.3M), and Iron Ore ($11.1M). In January 2022 the top imports of Russia from Ukraine were Aluminium Oxide ($44.8M), Hot-Rolled Iron ($20.9M), Coal Briquettes ($9.73M), Iron Blocks ($9.06M), and Locomotive Parts ($8.13M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($147M), KEMEROVO REGION ($97.7M), ROSTOV REGION ($87.1M), NOVOSIBIRSK REGION ($43.3M), and MOSCOW REGION ($42.8M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($60M), IRKUTSK REGION ($59.9M), ROSTOV REGION ($46.2M), BELGOROD REGION ($41.5M), and MOSCOW REGION ($31.1M).

Growth In January 2022, the increase in Russia's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Refined Petroleum ($64.2M or 1.27k%), Hot-Rolled Iron Bars ($2.23M or 817%), and Vehicle Bodies (including cabs) for the... ($1.97M or 54.8k%). In January 2022, the increase in Russia's year-by-year imports from Ukraine was explained primarily by an increase in product imports in Hot-Rolled Iron ($5.6M or 36.7%), Telephones ($3.07M or 364%), and Other Iron Products ($2.69M or 172%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$255M(68.8%)

IMPORT GROWTH (January 2021 - January 2022)$145M(64.1%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$147M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $1.39B to Ukraine. The main products exported from Russia to Ukraine were Refined Petroleum ($518M), Coal Briquettes ($360M), and Coke ($65.9M). During the last 5 years the exports of Russia to Ukraine have decreased at an annualized rate of 30.5%, from $8.56B in 2017 to $1.39B in 2022.

In 2017, Ukraine exported $493M to Russia. The main products exported from Ukraine to Russia were Aluminium Oxide ($141M), Hot-Rolled Iron ($62.5M), and Flat Flat-Rolled Steel ($33.6M). During the last 5 years the exports of Ukraine to Russia have decreased at an annualized rate of 35.4%, from $4.37B in 2022 to $493M in 2017.

Exports from Russia () to Ukraine () (2022)

Exports from Ukraine () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Ukraine
Top DestinationPoland$6.7B

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

In 2022, countries that imported more from Russia than Ukraine included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Ukraine than Russia included Austria ($833M), Saudi Arabia ($430M), and Iraq ($293M).

Difference in imports from Ukraine () and Russia () (2022)

Comparative Advantage Russia - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Ukraine in the exports of Mineral Products ($1.01B), Metals ($108M), and Machines ($72.3M).

During 2017, Ukraine had a large net trade with Russia in the exports of Chemical Products ($162M), Metals ($150M), and Machines ($75.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Ukraine+$15.6kRefined Petroleum

Top Product Potential Ukraine Russia+$7.91kTelephones

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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Bilateral Service Trade

Ukr Year

Rus Year

In 2020, Russia exported services to Ukraine worth $630M, with Travel ($456M), Other business services ($67.3M), and Transportation ($34.7M) being the largest in terms of value.

In 2020, Ukraine exported services to Russia worth $2.62B, with Transportation ($2.43B), Other business services ($89.6M), and Royalties and license fees ($42.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Ukraine () (2020)

Services Exports from Ukraine () to Russia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Russia () and Ukraine () (2022)

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