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2023
Flag → Flag
Exports $1.75BRnk 47 / 220
2023
Flag → Flag
Top Product $1.02BRefined Petroleum
2023
Flag → Flag
Exports $571MRnk 18 / 193
2023
Flag → Flag
Top Product $338MSeed Oils
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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 $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

India-Ukraine Trade: In 2023, India exported $1.75B to Ukraine. The main products that India exported to Ukraine were Refined Petroleum ($1.02B), Packaged Medicaments ($168M), and Broadcasting Equipment ($31.6M). Over the past 5 years the exports of India to Ukraine have increased at an annualized rate of 23.2%, from $618M in 2018 to $1.75B in 2023.

In 2023, India did not export any services to Ukraine.

Ukraine-India Trade: In 2023, Ukraine exported $571M to India. The main products that Ukraine exported to India were Seed Oils ($338M), Gas Turbines ($72.7M), and Coal Briquettes ($65.9M). Over the past 5 years the exports of Ukraine to India have decreased at an annualized rate of 24.4%,  from $2.31B in 2018 to $571M in 2023.

In 2023, Ukraine did not export any services to India.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $11.8M and imported $134M from Ukraine, resulting in a negative trade balance of $122M. Between November 2023 and November 2024 the exports of India have increased by $1.58M (15.4%) from $10.2M to $11.8M, while imports increased by $132M (7.68k%) from $1.72M to $134M.

Trade In November 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 November 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 November 2024, the increase in India's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Auto Tyres And Tubes ($512k or 41.8%), Consumer Electronics ($200k or 2M%), and Other Plastic Items ($45.4k or 177%). In November 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 (November 2023 - November 2024)$1.58M(15.4%)
IMPORT GROWTH (November 2023 - November 2024)$132M(7.68k%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $1.75B to Ukraine. The main products exported from India to Ukraine were Refined Petroleum ($1.02B), Packaged Medicaments ($168M), and Broadcasting Equipment ($31.6M). During the last 5 years the exports of India to Ukraine have increased at an annualized rate of 23.2%, from $618M in 2018 to $1.75B in 2023.

In 2018, Ukraine exported $571M to India. The main products exported from Ukraine to India were Seed Oils ($338M), Gas Turbines ($72.7M), and Coal Briquettes ($65.9M). During the last 5 years the exports of Ukraine to India have decreased at an annualized rate of 24.4%, from $2.31B in 2023 to $571M in 2018.

Exports from India (Flag) to Ukraine (Flag) (2023)

Exports from Ukraine (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Ukraine
Top DestinationPoland$4.83B

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 2023, countries that imported more from India than Ukraine included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Ukraine than India included Romania ($3.56B), Poland ($4.83B), and Moldova ($1.13B).

Difference in imports from Ukraine (Flag) and India (Flag) (2023)

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 2023, India had a large net trade with Ukraine in the exports of Mineral Products ($1.02B), Chemical Products ($271M), and Machines ($118M).

During 2018, Ukraine had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($339M), Machines ($97.9M), and Mineral Products ($68.4M).

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) (2023)

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