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Overview In 2021, Ukraine was the number 53 economy in the world in terms of GDP (current US$), the number 47 in total exports, the number 49 in total imports, the number 124 economy in terms of GDP per capita (current US$) and the number 44 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Ukraine are Iron Ore ($6.83B), Seed Oils ($6.34B), Wheat ($5.87B), Corn ($5.86B), and Semi-Finished Iron ($4.08B), exporting mostly to China ($8.09B), Poland ($5B), Turkey ($4.12B), Russia ($3.61B), and Italy ($3.36B).

In 2021, Ukraine was the world's biggest exporter of Seed Oils ($6.34B)

Imports The top imports of Ukraine are Refined Petroleum ($5.63B), Cars ($4.1B), Petroleum Gas ($3.26B), Packaged Medicaments ($2.26B), and Coal Briquettes ($2.09B), importing mostly from China ($10.4B), Russia ($8.13B), Poland ($7.07B), Germany ($6.42B), and Belarus ($4.74B).

In 2021, Ukraine was the world's biggest importer of Organic Composite Solvents ($119M) and Garnetted Wool or Animal Hair ($1.16M)

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

Latest Trends

Latest Trade

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Y-AXIS SCALE

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.

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Latest Data

Flow
Color
Depth

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.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Iron Ore$6.83B
Top Destination (2021)China$8.09B

In 2021, Ukraine exported a total of $69.1B, making it the number 47 exporter in the world. During the last five reported years the exports of Ukraine have changed by $29.4B from $39.7B in 2016 to $69.1B in 2021.

The most recent exports are led by Iron Ore ($6.83B), Seed Oils ($6.34B), Wheat ($5.87B), Corn ($5.86B), and Semi-Finished Iron ($4.08B). The most common destination for the exports of Ukraine are China ($8.09B), Poland ($5B), Turkey ($4.12B), Russia ($3.61B), and Italy ($3.36B).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
Poland$1.74B (+ 53.2%)
Turkey$1.62B (+ 64.8%)
Italy$1.4B (+ 71.2%)
Fastest Growing Import Markets (2020 - 2021)
China$2.72B (+ 35.5%)
Russia$1.83B (+ 29%)
Belarus$1.59B (+ 50.4%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

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).

Service Exports (2020)

Service Imports (N/A)

Economic Complexity

Overview

Economic Complexity (Trade)0.49Rank 44 of 131
Economic Complexity (Technology)0.58Rank 39 of 96
Economic Complexity (Research)-0.56Rank 97 of 140

Most Specialized Products by RCA Index

Ukraine has a high level of specialization in Seed Oils (115), Pig Iron (68.4), Clays (42), Other Vegetable Residues (40.6), and Corn (34.1). Specialization is measured using RCA, an index that takes the ratio between Ukraine observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Ukraine according to the relatedness index, were Coal Briquettes (0.25), Rough Wood (0.24), Crude Petroleum (0.24), Gold (0.24), and Raw Sugar (0.24). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Ukraine is not specialized in.

Product Space

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.

Relatedness Space

This network shows the products most related to the production structure of Ukraine. These are products that tend to be co-exported with the products that Ukraine exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

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.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Ukraine's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨30th to the 44th⁩ 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.

Explore Rankings

ECI (Trade) Ranking by Country

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