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

About

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.

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 0.0093%,  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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $472M in 2023.

In 2018, 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 0.0093%, from $1.01B in 2023 to $1.02B in 2018.

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

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

Latest Data

Trade between Ukraine (Flag) and United Kingdom (Flag)

Ukraine Exports

United Kingdom Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Ukraine - United Kingdom

Flow
Scale

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

During 2023, Ukraine had a large net trade with United Kingdom in the exports of Vegetable Products ($113M), Machines ($94.3M), and Metals ($51.6M).

During 2018, United Kingdom had a large net trade with Ukraine in the exports of Transportation ($283M), Machines ($187M), and Chemical Products ($164M).

Potential Exports

Potential Exports

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

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

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

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