Ukraine2020 Economic Complexity : 0.5, Rank 42 of 127
2020 Product Exports | Imports: $52.7B | $56.1B, 46 of 226 | 47 of 226
2020 Per Capita Product Exports | Imports: $1.19k | $1.27k, 103 of 219 | 131 of 219
2020 Service Exports | Imports : $4.05B | $5.07B, 39 of 65 | 38 of 65
Overview In 2020, Ukraine was the number 55 economy in the world in terms of GDP (current US$), the number 46 in total exports, the number 47 in total imports, the number 132 economy in terms of GDP per capita (current US$) and the number 42 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Ukraine are Seed Oils ($5.32B), Corn ($4.89B), Wheat ($4.61B), Iron Ore ($4.27B), and Semi-Finished Iron ($3.03B), exporting mostly to China ($7.26B), Poland ($3.26B), Russia ($2.97B), Turkey ($2.5B), and Egypt ($2.39B).
In 2020, Ukraine was the world's biggest exporter of Seed Oils ($5.32B)
Imports The top imports of Ukraine are Refined Petroleum ($3.59B), Cars ($3.35B), Packaged Medicaments ($2.04B), Petroleum Gas ($1.59B), and Coal Briquettes ($1.25B), importing mostly from China ($7.46B), Russia ($6.31B), Poland ($5.68B), Germany ($5.25B), and Belarus ($3.15B).
In 2020, Ukraine was the world's biggest importer of Garnetted Wool or Animal Hair ($824k)
Location Ukraine borders Belarus, Hungary, Moldova, Poland, Romania, Russia, and Slovakia by land and Georgia and Turkey by sea.
The following section uses the most recent trade data from partners of Ukraine.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
In 2020, Ukraine exported a total of $52.7B, making it the number 46 exporter in the world. During the last five reported years the exports of Ukraine have changed by $10.7B from $42B in 2015 to $52.7B in 2020.
The most recent exports are led by Seed Oils ($5.32B), Corn ($4.89B), Wheat ($4.61B), Iron Ore ($4.27B), and Semi-Finished Iron ($3.03B). The most common destination for the exports of Ukraine are China ($7.26B), Poland ($3.26B), Russia ($2.97B), Turkey ($2.5B), and Egypt ($2.39B).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
Ukraine Exports Services (2020): $4.05B
Ukraine Imports Services (2020): $5.07B
In 2020, Ukraine exported $4.05B worth of services. The top services exported by Ukraine in 2020 were Miscellaneous business, professional, and technical services ($1.13B), Air transport ($802M), Information services ($613M), Sea transport ($606M), and Personal travel ($245M).
The top services imported by Ukraine in 2020 were Embassies and consulates ($1.14B), Miscellaneous business, professional, and technical services ($965M), Personal travel ($623M), Financial services ($471M), and Other royalties and license fees ($361M).
Ukraine has a high level of specialization in Seed Oils (125), Pig Iron (69.8), Other Vegetable Residues (47.9), Corn (40.7), and Semi-Finished Iron (40.4). Specialization is measured using RCA, an index that takes the ratio between Ukraine observed and expected exports in each product.
The highest complexity exports of Ukraine according to the product complexity index (PCI) are Metal Pickling Preparations (1.61), Other Stainless Steel Bars (1.43), Flat Flat-Rolled Steel (1.36), Milling Stones (1.25), and Metal-Rolling Mills (1.16). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Ukraine according to the relatedness index, are Asbestos (0.23), Raw Bones (0.23), Rough Wood (0.23), Coal Briquettes (0.22), and Manganese Ore (0.22). 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 a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
During the last 20 years Ukraine's economy has become relatively less complex, moving from the 25th to the 42nd 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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