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2023
Flag → Flag
Exports $143MRnk 39 / 193
2023
Flag → Flag
Top Product $127MWheat
2023
Flag → Flag
Exports $196MRnk 76 / 213
2023
Flag → Flag
Top Product $70.1MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC $5,070CURRENT US$
Rnk 122 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Ukraine-Indonesia Trade: In 2023, Ukraine exported $143M to Indonesia. The main products that Ukraine exported to Indonesia were Wheat ($127M), Starches ($5.17M), and Dextrins ($1.03M). Over the past 5 years the exports of Ukraine to Indonesia have decreased at an annualized rate of 29.3%, from $812M in 2018 to $143M in 2023.

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

Indonesia-Ukraine Trade: In 2023, Indonesia exported $196M to Ukraine. The main products that Indonesia exported to Ukraine were Palm Oil ($70.1M), Other Vegetable Oils ($11M), and Leather Footwear ($7.62M). Over the past 5 years the exports of Indonesia to Ukraine have decreased at an annualized rate of 5.01%,  from $253M in 2018 to $196M in 2023.

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

Comparison: In 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). That same year, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ukraine exported $143M to Indonesia. The main products exported from Ukraine to Indonesia were Wheat ($127M), Starches ($5.17M), and Dextrins ($1.03M). During the last 5 years the exports of Ukraine to Indonesia have decreased at an annualized rate of 29.3%, from $812M in 2018 to $143M in 2023.

In 2018, Indonesia exported $196M to Ukraine. The main products exported from Indonesia to Ukraine were Palm Oil ($70.1M), Other Vegetable Oils ($11M), and Leather Footwear ($7.62M). During the last 5 years the exports of Indonesia to Ukraine have decreased at an annualized rate of 5.01%, from $253M in 2023 to $196M in 2018.

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

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

Latest Data

Trade between Ukraine (Flag) and Indonesia (Flag)

Ukraine Exports

Indonesia Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$4.83B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Indonesia than Ukraine included China ($70.7B), United States ($27.9B), and Japan ($23.7B).

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

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 2023, Ukraine had a large net trade with Indonesia in the exports of Vegetable Products ($134M), Machines ($3.13M), and Chemical Products ($1.86M).

During 2018, Indonesia had a large net trade with Ukraine in the exports of Animal and Vegetable Bi-Products ($87.7M), Machines ($28.4M), and Footwear and Headwear ($18.2M).

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) (2023)

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