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Pricing

2023
Flag → Flag
Exports $4.56MRnk 113 / 137
2023
Flag → Flag
Top Product $3.24MRailway Freight Cars
2023
Flag → Flag
Exports $493MRnk 21 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
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GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
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GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$5,070CURRENT US$
Rnk 122 / 196
2013-2023
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GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Russia-Ukraine Trade: In 2023, Russia exported $4.56M to Ukraine. The main products that Russia exported to Ukraine were Railway Freight Cars ($3.24M), Petroleum Gas ($276k), and Tug Boats ($153k). Over the past 5 years the exports of Russia to Ukraine have decreased at an annualized rate of 78.2%, from $9.27B in 2018 to $4.56M in 2023.

In 2020, Russia exported services to Ukraine worth $630M, with Travel ($456M), Other business services ($67.3M), and Transportation ($34.7M) being the largest in terms of value.

Ukraine-Russia Trade: In 2023, Ukraine exported $493M to Russia. The main products that Ukraine exported to Russia were N/A. Over the past 5 years the exports of Ukraine to Russia have decreased at an annualized rate of 35.6%,  from $4.46B in 2018 to $493M in 2023.

In 2020, Ukraine exported services to Russia worth $2.62B, with Transportation ($2.43B), Other business services ($89.6M), and Royalties and license fees ($42.9M) being the largest in terms of value.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $625M and imported $371M from Ukraine, resulting in a positive trade balance of $254M. Between January 2021 and January 2022 the exports of Russia have increased by $255M (68.8%) from $370M to $625M, while imports increased by $145M (64.1%) from $226M to $371M.

Trade In January 2022, the top exports of Russia to Ukraine were Refined Petroleum ($69.2M), Coal Briquettes ($42.2M), Ammonia ($13.5M), Petroleum Gas ($13.3M), and Iron Ore ($11.1M). In January 2022 the top imports of Russia from Ukraine were Aluminium Oxide ($44.8M), Hot-Rolled Iron ($20.9M), Coal Briquettes ($9.73M), Iron Blocks ($9.06M), and Locomotive Parts ($8.13M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($147M), KEMEROVO REGION ($97.7M), ROSTOV REGION ($87.1M), NOVOSIBIRSK REGION ($43.3M), and MOSCOW REGION ($42.8M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($60M), IRKUTSK REGION ($59.9M), ROSTOV REGION ($46.2M), BELGOROD REGION ($41.5M), and MOSCOW REGION ($31.1M).

Growth In January 2022, the increase in Russia's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Refined Petroleum ($64.2M or 1.27k%), Hot-Rolled Iron Bars ($2.23M or 817%), and Vehicle Bodies (including cabs) for the... ($1.97M or 54.8k%). In January 2022, the increase in Russia's year-by-year imports  from Ukraine was explained primarily by an increase in product imports  in Hot-Rolled Iron ($5.6M or 36.7%), Telephones ($3.07M or 364%), and Other Iron Products ($2.69M or 172%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$255M(68.8%)
IMPORT GROWTH (January 2021 - January 2022)$145M(64.1%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$147M

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

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

For full datasets download visit Bulk Download page.

Explore Ukraine and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $4.56M to Ukraine. The main products exported from Russia to Ukraine were Railway Freight Cars ($3.24M), Petroleum Gas ($276k), and Tug Boats ($153k). During the last 5 years the exports of Russia to Ukraine have decreased at an annualized rate of 78.2%, from $9.27B in 2018 to $4.56M in 2023.

In 2017, Ukraine exported $493M to Russia. There were not main exports from Ukraine to Russia in 2017. During the last 5 years the exports of Ukraine to Russia have decreased at an annualized rate of 35.6%, from $4.46B in 2022 to $493M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Russia than Ukraine included China ($129B), India ($66.1B), and Turkey ($31B).

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

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

Comparative Advantage Russia - Ukraine

Flow
Scale

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

During 2023, Russia had a large net trade with Ukraine in the exports of Transportation ($3.44M), Mineral Products ($547k), and Metals ($169k).

During 2017, Ukraine had a large net trade with Russia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Ukraine+$15.6kRefined Petroleum
Top Product Potential Ukraine Russia+$7.91kTelephones

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 2020, Russia exported services to Ukraine worth $630M, with Travel ($456M), Other business services ($67.3M), and Transportation ($34.7M) being the largest in terms of value.

In 2020, Ukraine exported services to Russia worth $2.62B, with Transportation ($2.43B), Other business services ($89.6M), and Royalties and license fees ($42.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Ukraine (Flag) (2020)

Services Exports from Ukraine (Flag) to Russia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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