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2022
Flag → Flag
Exports $743MRnk 72 / 217
2022
Flag → Flag
Top Product $338MRefined Petroleum
2022
Flag → Flag
Exports $1.08BRnk 14 / 191
2022
Flag → Flag
Top Product $774MSeed Oils
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
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Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
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GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
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GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

India-Ukraine Trade: In 2022, India exported $743M to Ukraine. The main products that India exported to Ukraine were Refined Petroleum ($338M), Packaged Medicaments ($119M), and Broadcasting Equipment ($12.7M). Over the past 5 years the exports of India to Ukraine have increased at an annualized rate of 10.6%, from $448M in 2017 to $743M in 2022.

In 2022, India did not export any services to Ukraine.

Ukraine-India Trade: In 2022, Ukraine exported $1.08B to India. The main products that Ukraine exported to India were Seed Oils ($774M), Nitrogenous Fertilizers ($95.9M), and Ammonia ($42.4M). Over the past 5 years the exports of Ukraine to India have decreased at an annualized rate of 14.3%,  from $2.33B in 2017 to $1.08B in 2022.

In 2022, Ukraine did not export any services to India.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $15.9M and imported $144M from Ukraine, resulting in a negative trade balance of $128M. Between August 2023 and August 2024 the exports of India have decreased by $-569k (-3.45%) from $16.5M to $15.9M, while imports increased by $79.1M (122%) from $64.9M to $144M.

Trade In August 2024, the top exports of India to Ukraine were Drug Formulations, Biologicals ($2.06M), Auto Tyres And Tubes ($1.74M), Misc Processed Items ($790k), Tea ($512k), and Plastc Sht, Film, Plts Et ($418k). In August 2024 the top imports of India from Ukraine were Vegetable Oils ($180M), Ship, Boat And Floating Struct ($6.03M), Residul Chemicl And Alled Prod ($1.26M), Aluminium, Products Of Aluminm ($743k), and Medical And Scientific Instrum ($200k).

Growth In August 2024, the decrease in India's year-by-year exports to Ukraine was explained primarily by an decrease in product exports in Drug Formulations, Biologicals ($-15.1M or -88%), Iron And Steel ($-2.68M or -100%), and Plastc Sht, Film, Plts Et ($-1.19M or -74%). In August 2024, the increase in India's year-by-year imports  from Ukraine was explained primarily by an increase in product imports  in Residul Chemicl And Alled Prod ($879k or 231%), Petroleum Products ($174k or 5.38k%), and Medical And Scientific Instrum ($66.3k or 49.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-569k(-3.45%)
IMPORT GROWTH (August 2023 - August 2024)$79.1M(122%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Ukraine and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ukraine and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $743M to Ukraine. The main products exported from India to Ukraine were Refined Petroleum ($338M), Packaged Medicaments ($119M), and Broadcasting Equipment ($12.7M). During the last 5 years the exports of India to Ukraine have increased at an annualized rate of 10.6%, from $448M in 2017 to $743M in 2022.

In 2017, Ukraine exported $1.08B to India. The main products exported from Ukraine to India were Seed Oils ($774M), Nitrogenous Fertilizers ($95.9M), and Ammonia ($42.4M). During the last 5 years the exports of Ukraine to India have decreased at an annualized rate of 14.3%, from $2.33B in 2022 to $1.08B in 2017.

Exports from India (Flag) to Ukraine (Flag) (2022)

Exports from Ukraine (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Ukraine
Top DestinationPoland$6.7B

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

In 2022, countries that imported more from India than Ukraine included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Ukraine than India included Poland ($6.7B), Romania ($3.94B), and Hungary ($2.28B).

Difference in imports from Ukraine (Flag) and India (Flag) (2022)

Comparative Advantage India - Ukraine

Flow
Scale

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

During 2022, India had a large net trade with Ukraine in the exports of Mineral Products ($340M), Chemical Products ($166M), and Machines ($54.8M).

During 2017, Ukraine had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($774M), Chemical Products ($146M), and Machines ($41.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Ukraine+$68.6MPackaged Medicaments
Top Product Potential Ukraine India+$38.3MNitrogenous Fertilizers

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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Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Ukraine (Flag) (2022)

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