Flag Ukraine

Econ Complexity (2018): 0.6, Rank 40 of 137

Product Exports (2018): $51.2B, Rank 52 of 222

Exports Per Capita (2018): $1.15k, Rank 185 of 219

Product Imports (2018): $61.7B, Rank 48 of 221

Imports Per Capita (2018): $1.38k, Rank 198 of 219

Service Exports (2017): $3.56B, Rank 79 of 139

Service Imports (2017): $4.69B, Rank 67 of 139

GDP (2018): $131B, CURRENT US$
Rank 57 of 196

GDP growth (2008 - 2018): -27.2%, CURRENT US$
Rank 192 of 196

GDP PC (2018): $3,095, CURRENT US$
Rank 138 of 196

GDP PC GROWTH (2008 - 2018): -20.4%, CURRENT US$
Rank 184 of 196

Overview: This page contains the latest international trade data for Ukraine, including service trade data, and tariffs. In 2018 Ukraine was the number 57 economy in the world in terms of GDP (current US$), the number 52 in total exports, the number 48 in total imports, and the number 40 most complex economy according to the Economic Complexity Index (ECI). In 2018, Ukraine exported $51.2B and imported $61.7B, resulting in a negative trade balance of -$10.5B. In 2018, Ukraine's exports per capita were $1.15k and its imports per capita were $1.38k.

Trade: The top exports of Ukraine are Seed Oils ($4.12B), Semi-Finished Iron ($4.01B), Corn ($3.51B), Wheat ($3.1B), and Iron Ore ($2.89B). The top imports of Ukraine are Refined Petroleum ($5.47B), Petroleum Gas ($4.37B), Coal Briquettes ($2.63B), Cars ($1.98B), and Packaged Medicaments ($1.77B).

Destinations: Ukraine exports mostly to Russia ($4.22B), Poland ($3.2B), Italy ($2.72B), Egypt ($2.53B), and Germany ($2.41B), and imports mostly from Russia ($9.53B), China ($7.41B), Germany ($6.36B), Poland ($5.28B), and Belarus ($4.11B).

Location: Ukraine borders Belarus, Hungary, Moldova, Poland, Romania, Russia, and Slovakia by land and Georgia and Turkey by sea.

Yearly Exports

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Top Export (2018): Seed Oils, $4.12B

Top Destination (2018): Russia, $4.22B

In 2018 Ukraine exported a total of $51.2B, making it the number 52 exporter in the world. During the last five reported years the exports of Ukraine have changed by -$14.4B from $65.5B in 2013 to $51.2B in 2018.

The most recent exports are led by Seed Oils ($4.12B), Semi-Finished Iron ($4.01B), Corn ($3.51B), Wheat ($3.1B), and Iron Ore ($2.89B). The most common destination for the exports of Ukraine are Russia ($4.22B), Poland ($3.2B), Italy ($2.72B), Egypt ($2.53B), and Germany ($2.41B).

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Yearly Imports

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Top Import (2018): Refined Petroleum, $5.47B

Top Origin (2018): Russia, $9.53B

In 2018 Ukraine imported $61.7B, making it the number 48 trade destination in the world. During the last five reported years the imports of Ukraine changed by -$21.1B from $82.8B in 2013 to $61.7B in 2018.

The most recent imports of Ukraine are led by Refined Petroleum ($5.47B), Petroleum Gas ($4.37B), Coal Briquettes ($2.63B), Cars ($1.98B), and Packaged Medicaments ($1.77B). The most common import partners for Ukraine are Russia ($9.53B), China ($7.41B), Germany ($6.36B), Poland ($5.28B), and Belarus ($4.11B).

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Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Ukraine Exports Services (2017): $3.56B

Ukraine Imports Services (2017): $4.69B

In 2017, Ukraine exported $3.56B worth of services. The top services exported by Ukraine in 2017 were Air transport ($1.09B), Miscellaneous business, professional, and technical services ($797M), Sea transport ($612M), Information services ($258M), and Travel ($243M).

The top services imported by Ukraine in 2017 were Government services, n.i.e. ($1.06B), Miscellaneous business, professional, and technical services ($802M), Travel ($795M), Air transport ($452M), and Financial services ($424M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Ukraine. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Ukraine are Raw sugar, beet (50%) and Raw sugar, beet (50%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Ukraine are:
136: Most Favoured Nation duty rate treatement
140: Non-MFN Rate
178: Preferential tariff for Canada
190: Preferential tariff for Commonwealth of Independent States (CIS) countries
219: Preferential tariff for European Union countries (AA) Association Agreement
238: Preferential tariff for Iceland
263: Preferential tariff for Macedonia, Former Yugoslav Republic of
272: Preferential tariff for Montenegro
281: Preferential tariff for Norway
307: Preferential tariff for Switzerland and Liechtenstein

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years Ukraine's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨24th to the 40th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Ukraine has a high level of specialization in Seed Oils (139), Pig Iron (79.7), Other Vegetable Residues (48.3), Clays (46.2), and Semi-Finished Iron (43.8). Specialization is measured using RCA, an index that takes the ratio between Ukraine observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Ukraine according to the product complexity index (PCI) are Metal pickling preps, solder, brazing flux, weld cores (1.73), Bar, rod nes, stainless steel, angles, shapes/sections (1.44), Millstones, grinding stones and grinding wheels (1.38), Steam turbines and other vapour turbines (1.36), and Artificial, graphite and preparations (1.18). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Ukraine according to the relatedness index, are Uranium and Thorium Ore (0.27), Crude Petroleum (0.27), Rough Wood (0.27), Asbestos (0.27), and Raw Cotton (0.25). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Ukraine is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.