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2023
Flag → Flag
Exports $571MRnk 18 / 193
2023
Flag → Flag
Top Product $338MSeed Oils
2023
Flag → Flag
Exports $1.75BRnk 47 / 220
2023
Flag → Flag
Top Product $1.02BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Ukraine-India Trade: In 2023, Ukraine exported $571M to India. The main products that Ukraine exported to India were Seed Oils ($338M), Gas Turbines ($72.7M), and Coal Briquettes ($65.9M). Over the past 5 years the exports of Ukraine to India have decreased at an annualized rate of 24.4%, from $2.31B in 2018 to $571M in 2023.

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

India-Ukraine Trade: In 2023, India exported $1.75B to Ukraine. The main products that India exported to Ukraine were Refined Petroleum ($1.02B), Packaged Medicaments ($168M), and Broadcasting Equipment ($31.6M). Over the past 5 years the exports of India to Ukraine have increased at an annualized rate of 16.1%,  from $618M in 2018 to $1.75B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ukraine exported $571M to India. The main products exported from Ukraine to India were Seed Oils ($338M), Gas Turbines ($72.7M), and Coal Briquettes ($65.9M). During the last 5 years the exports of Ukraine to India have decreased at an annualized rate of 24.4%, from $2.31B in 2018 to $571M in 2023.

In 2018, India exported $1.75B to Ukraine. The main products exported from India to Ukraine were Refined Petroleum ($1.02B), Packaged Medicaments ($168M), and Broadcasting Equipment ($31.6M). During the last 5 years the exports of India to Ukraine have increased at an annualized rate of 16.1%, from $618M in 2023 to $1.75B in 2018.

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

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

Latest Data

Trade between Ukraine (Flag) and India (Flag)

Ukraine Exports

India Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$4.83B
India
Top DestinationUnited States$85.5B

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

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

In 2023, countries that imported more from India than Ukraine included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Ukraine - India

Flow
Scale

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

During 2023, Ukraine had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($339M), Machines ($97.9M), and Mineral Products ($68.4M).

During 2018, India had a large net trade with Ukraine in the exports of Mineral Products ($1.02B), Chemical Products ($271M), and Machines ($118M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine India+$38.3MNitrogenous Fertilizers
Top Product Potential India Ukraine+$68.6MPackaged Medicaments

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

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

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