Ukraine / Russia

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.

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 26.1%,  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.

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).