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2022
Flag → Flag
Exports $117MRnk 51 / 191
2022
Flag → Flag
Top Product $79MWheat
2022
Flag → Flag
Exports $130MRnk 88 / 216
2022
Flag → Flag
Top Product $57.5MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
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GDP PC $4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186
2022
Flag
GDP PC$4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Ukraine-Indonesia Trade: In 2022, Ukraine exported $117M to Indonesia. The main products that Ukraine exported to Indonesia were Wheat ($79M), Hot-Rolled Iron ($9.48M), and Corn ($7.69M). Over the past 5 years the exports of Ukraine to Indonesia have decreased at an annualized rate of 24.3%, from $470M in 2017 to $117M in 2022.

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

Indonesia-Ukraine Trade: In 2022, Indonesia exported $130M to Ukraine. The main products that Indonesia exported to Ukraine were Palm Oil ($57.5M), Other Vegetable Oils ($5.26M), and Margarine ($4.56M). Over the past 5 years the exports of Indonesia to Ukraine have decreased at an annualized rate of 16.1%,  from $313M in 2017 to $130M in 2022.

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

Comparison: In 2022,  Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). That same year, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ukraine exported $117M to Indonesia. The main products exported from Ukraine to Indonesia were Wheat ($79M), Hot-Rolled Iron ($9.48M), and Corn ($7.69M). During the last 5 years the exports of Ukraine to Indonesia have decreased at an annualized rate of 24.3%, from $470M in 2017 to $117M in 2022.

In 2017, Indonesia exported $130M to Ukraine. The main products exported from Indonesia to Ukraine were Palm Oil ($57.5M), Other Vegetable Oils ($5.26M), and Margarine ($4.56M). During the last 5 years the exports of Indonesia to Ukraine have decreased at an annualized rate of 16.1%, from $313M in 2022 to $130M in 2017.

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

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

Latest Data

Trade between Ukraine (Flag) and Indonesia (Flag)

Ukraine Exports

Indonesia Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$6.7B
Indonesia
Top DestinationChina$67.7B

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

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

In 2022, countries that imported more from Indonesia than Ukraine included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

Comparative Advantage Ukraine - Indonesia

Flow
Scale

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

During 2022, Ukraine had a large net trade with Indonesia in the exports of Vegetable Products ($94.8M), Metals ($14M), and Machines ($4.62M).

During 2017, Indonesia had a large net trade with Ukraine in the exports of Animal and Vegetable Bi-Products ($70.5M), Machines ($20.4M), and Foodstuffs ($5.55M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Indonesia+$33.4MWheat
Top Product Potential Indonesia Ukraine+$12.1MPalm Oil

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

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

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