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2022
Flag → Flag
Exports $493MRnk 5 / 0
2022
Flag → Flag
Exports $4.56MRnk 113 / 137
2022
Flag → Flag
Top Product $3.24MRailway Freight Cars
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
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GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
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 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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GDP PC $5,070CURRENT US$
Rnk 122 / 195
2013-2023
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GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195
2023
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GDP PC$13,817CURRENT US$
Rnk 74 / 196
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Ukraine-Russia Trade: In 2022, Ukraine exported $493M to Russia. The main products that Ukraine exported to Russia were N/A. Over the past 5 years the exports of Ukraine to Russia have decreased at an annualized rate of 35.6%, from $4.46B 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 $4.56M to Ukraine. The main products that Russia exported to Ukraine were Railway Freight Cars ($3.24M), Petroleum Gas ($276k), and Tug Boats ($153k). Over the past 5 years the exports of Russia to Ukraine have decreased at an annualized rate of 78.2%,  from $9.27B in 2017 to $4.56M 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 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ukraine exported $493M to Russia. There were not main exports from Ukraine to Russia in 2022. During the last 5 years the exports of Ukraine to Russia have decreased at an annualized rate of 35.6%, from $4.46B in 2017 to $493M in 2022.

In 2018, Russia exported $4.56M to Ukraine. The main products exported from Russia to Ukraine were Railway Freight Cars ($3.24M), Petroleum Gas ($276k), and Tug Boats ($153k). During the last 5 years the exports of Russia to Ukraine have decreased at an annualized rate of 78.2%, from $9.27B in 2023 to $4.56M in 2018.

Exports from Ukraine (Flag) to Russia (Flag) (2023)

Exports from Russia (Flag) to Ukraine (Flag) (2023)

Latest Data

Trade between Ukraine (Flag) and Russia (Flag)

Ukraine Exports

Russia Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$4.83B
Russia
Top DestinationChina$129B

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 2023, countries that imported more from Ukraine than Russia included Romania ($3.56B), Poland ($4.83B), and Moldova ($1.13B).

In 2023, countries that imported more from Russia than Ukraine included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia (Flag) and Ukraine (Flag) (2023)

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 .

During 2018, Russia had a large net trade with Ukraine in the exports of Transportation ($3.44M), Mineral Products ($547k), and Metals ($169k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Russia+$7.91kTelephones
Top Product Potential Russia Ukraine+$15.6kRefined Petroleum

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

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)

Service Trade

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) (2023)

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