Russia (RUS) and Ukraine (UKR) Trade | OEC - The Observatory of Economic Complexity

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Russia-Ukraine In 2021, Russia exported $8.13B to Ukraine. The main products that Russia exported to Ukraine are Coal Briquettes ($1.22B), Refined Petroleum ($1.2B), and Petroleum Gas ($386M). During the last 25 years the exports of Russia to Ukraine have increased at an annualized rate of 0.24%, from $7.65B in 1996 to $8.13B in 2021.

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 In 2021, Ukraine exported $3.61B to Russia. The main products that Ukraine exported to Russia were Aluminium Oxide ($613M), Hot-Rolled Iron ($353M), and Flat Flat-Rolled Steel ($131M). During the last 25 years the exports of Ukraine to Russia have decreased at an annualized rate of 1.78%, from $5.65B in 1996 to $3.61B in 2021.

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 2021, Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.49), and 47 in total exports ($69.1B).

Latest Trends

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January, 2022

About

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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

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Flow

Time Scale

Depth

Value

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

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Russia exported $8.13B to Ukraine. The main products exported from Russia to Ukraine were Coal Briquettes ($1.22B), Refined Petroleum ($1.2B), and Petroleum Gas ($386M). During the last 25 years the exports of Russia to Ukraine have increased at an annualized rate of 0.24%, from $7.65B in 1996 to $8.13B in 2021.

In 2021, Ukraine exported $3.61B to Russia. The main products exported from Ukraine to Russia were Aluminium Oxide ($613M), Hot-Rolled Iron ($353M), and Flat Flat-Rolled Steel ($131M). During the last 25 years the exports of Ukraine to Russia have decreased at an annualized rate of 1.78%, from $5.65B in 1996 to $3.61B in 2021.

Market Competitiveness

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Color

SectionYear

Russia
Top Destination: China, $70.9B

Ukraine
Top Destination: China, $8.09B

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 2021, countries that imported more from Russia than Ukraine were China ($70.9B), Netherlands ($39B), and United States ($27.4B).

In 2021, countries that imported more from Ukraine than Russia were Iran ($590M), Ethiopia ($595M), and Iraq ($687M).

Comparative Advantage Russia - Ukraine

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Flow

Scale

Year

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

During 2021, Russia had a large net trade with Ukraine in the exports of Mineral Products ($3.37B), Chemical Products ($924M), and Machines ($782M).

During 2021, Ukraine had a large net trade with Russia in the exports of Metals ($1.09B), Chemical Products ($771M), and Machines ($749M).

Service Trade

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Bilateral Service Trade

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Ukr YearRus 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.

Economic Complexity

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Competitive Landscape

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Year

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 Russia has comparative advantage over Ukraine. Similarly, the more yellow a dot/product is, the more Ukraine has comparative advantage over Russia.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Russia - Ukraine

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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