2023
Flag  
GDP
$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH
21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP
$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH
-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC 
$49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH
13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC
$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 95 / 195

About

United Kingdom-Ukraine Trade: In 2023, United Kingdom exported $1.02B to Ukraine. The main products that United Kingdom exported to Ukraine were Cars ($222M), Hard Liquor ($95.6M), and Used Clothing ($64.7M). Over the past 5 years the exports of United Kingdom to Ukraine have increased at an annualized rate of 0.048%, from $1.01B in 2018 to $1.02B in 2023.

In 2003, United Kingdom exported services to Ukraine worth $153M, with Travel ($150M) and Government services, n.i.e. ($3.65M) being the largest in terms of value.

Ukraine-United Kingdom Trade: In 2023, Ukraine exported $472M to United Kingdom. The main products that Ukraine exported to United Kingdom were Rapeseed ($50.8M), Seed Oils ($44.1M), and Gas Turbines ($35.9M). Over the past 5 years the exports of Ukraine to United Kingdom have decreased at an annualized rate of 5.67%,  from $632M in 2018 to $472M in 2023.

In 2020, Ukraine exported services to United Kingdom worth $619M, with Computer and information services ($374M), Transportation ($122M), and Other business services ($91.6M) being the largest in terms of value.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $1.02B to Ukraine. The main products exported from United Kingdom to Ukraine were Cars ($222M), Hard Liquor ($95.6M), and Used Clothing ($64.7M). During the last 5 years the exports of United Kingdom to Ukraine have increased at an annualized rate of 0.048%, from $1.01B in 2018 to $1.02B in 2023.

In 2018, Ukraine exported $472M to United Kingdom. The main products exported from Ukraine to United Kingdom were Rapeseed ($50.8M), Seed Oils ($44.1M), and Gas Turbines ($35.9M). During the last 5 years the exports of Ukraine to United Kingdom have decreased at an annualized rate of 5.67%, from $632M in 2023 to $472M in 2018.

Exports from United Kingdom (Flag) to Ukraine (Flag) (2023)

Exports from Ukraine (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$59.7B
Ukraine
Top Destination
Poland$4.83B

This map shows whether countries import more from United Kingdom or Ukraine. Each country is colored based on the difference in imports they receive from United Kingdom and Ukraine or the difference in the growth in imports.

In 2023, countries that imported more from United Kingdom than Ukraine included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, countries that imported more from Ukraine than United Kingdom included Romania ($3.56B), Moldova ($1.13B), and Bulgaria ($1.08B).

Difference in imports from Ukraine (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Ukraine

Flow
Scale

This chart compares trade between United Kingdom and Ukraine by product, considering products traded by both, United Kingdom and Ukraine.

During 2023, United Kingdom had a large net trade with Ukraine in the exports of Transportation ($283M), Machines ($187M), and Chemical Products ($164M).

During 2018, Ukraine had a large net trade with United Kingdom in the exports of Vegetable Products ($113M), Machines ($94.3M), and Metals ($51.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Ukraine+$53.2MCars
Top Product Potential Ukraine United Kingdom+$42.6MInsulated Wire

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 2003, United Kingdom exported services to Ukraine worth $153M, with Travel ($150M) and Government services, n.i.e. ($3.65M) being the largest in terms of value.

In 2020, Ukraine exported services to United Kingdom worth $619M, with Computer and information services ($374M), Transportation ($122M), and Other business services ($91.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Ukraine (Flag) (2003)

Services Exports from Ukraine (Flag) to United Kingdom (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Ukraine. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Ukraine (Flag) (2023)

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