2022
Flag  
GDP
$161BCURRENT US$
Rnk 58 / 186
2012-2022
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GDP GROWTH
-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC 
$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH
13.2%CURRENT US$
Rnk 103 / 186
2022
Flag
GDP PC
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186

About

Ukraine-Russia Trade: In 2022, Ukraine exported $4.37B 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 5.03%, from $5.66B in 2017 to $4.37B 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.

Russia-Ukraine Trade: In 2022, Russia exported $8.56B 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 increased at an annualized rate of 2.25%,  from $7.66B in 2017 to $8.56B 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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ukraine exported $4.37B 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 5.03%, from $5.66B in 2017 to $4.37B in 2022.

In 2017, Russia exported $8.56B to Ukraine. The main products exported from Russia to Ukraine were Refined Petroleum ($518M), Coal Briquettes ($360M), and Coke ($65.9M). During the last 21 years the exports of Russia to Ukraine have increased at an annualized rate of 2.25%, from $7.66B in 1996 to $8.56B in 2017.

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

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

Latest Data

Trade between Ukraine (Flag) and Russia (Flag)

Ukraine Exports

Russia Exports

Market Competitiveness

Color
Ukraine
Top Destination
Poland$6.7B
Russia
Top Destination
China$101B

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

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

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

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

Comparative Advantage Ukraine - Russia

Flow
Scale

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

During 2022, Ukraine had a large net trade with Russia in the exports of Chemical Products ($162M), Metals ($150M), and Machines ($75.7M).

During 2017, Russia had a large net trade with Ukraine in the exports of Mineral Products ($1.01B), Metals ($108M), and Machines ($72.3M).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

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

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

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