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Pricing

2023
Flag → Flag
Exports $2.13BRnk 49 / 219
2023
Flag → Flag
Top Product $188MProcessed Tobacco
2023
Flag → Flag
Exports $1.82BRnk 7 / 193
2023
Flag → Flag
Top Product $527MCorn
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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 $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Italy-Ukraine Trade: In 2023, Italy exported $2.13B to Ukraine. The main products that Italy exported to Ukraine were Processed Tobacco ($188M), Packaged Medicaments ($90.4M), and Refined Petroleum ($79.1M). Over the past 5 years the exports of Italy to Ukraine have increased at an annualized rate of 0.49%, from $2.08B in 2018 to $2.13B in 2023.

In 2002, Italy exported services to Ukraine worth $56.6M, with Travel ($30.4M), Other business services ($17.8M), and Transportation ($8.39M) being the largest in terms of value.

Ukraine-Italy Trade: In 2023, Ukraine exported $1.82B to Italy. The main products that Ukraine exported to Italy were Corn ($527M), Seed Oils ($271M), and Wheat ($132M). Over the past 5 years the exports of Ukraine to Italy have decreased at an annualized rate of 10.3%,  from $3.14B in 2018 to $1.82B in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €138M and imported €178M from Ukraine, resulting in a negative trade balance of €39.5M. Between October 2023 and October 2024 the exports of Italy have increased by €7.98M (6.13%) from €130M to €138M, while imports increased by €73.3M (70.2%) from €104M to €178M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€7.98M(6.13%)
IMPORT GROWTH (October 2023 - October 2024)€73.3M(70.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Ukraine and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $2.13B to Ukraine. The main products exported from Italy to Ukraine were Processed Tobacco ($188M), Packaged Medicaments ($90.4M), and Refined Petroleum ($79.1M). During the last 5 years the exports of Italy to Ukraine have increased at an annualized rate of 0.49%, from $2.08B in 2018 to $2.13B in 2023.

In 2018, Ukraine exported $1.82B to Italy. The main products exported from Ukraine to Italy were Corn ($527M), Seed Oils ($271M), and Wheat ($132M). During the last 5 years the exports of Ukraine to Italy have decreased at an annualized rate of 10.3%, from $3.14B in 2023 to $1.82B in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Italy than Ukraine included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

In 2023, countries that imported more from Ukraine than Italy included Moldova ($1.13B), Nepal ($23.9M), and Tuvalu ($73.7k).

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

Comparative Advantage Italy - Ukraine

Flow
Scale

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

During 2023, Italy had a large net trade with Ukraine in the exports of Machines ($599M), Foodstuffs ($400M), and Chemical Products ($291M).

During 2018, Ukraine had a large net trade with Italy in the exports of Vegetable Products ($793M), Metals ($282M), and Animal and Vegetable Bi-Products ($271M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Ukraine+$29MPackaged Medicaments
Top Product Potential Ukraine Italy+$52.4MWheat

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 Italy and Ukraine. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Ukraine (Flag) (2023)

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