Ukraine (UKR) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Ukraine-Italy Trade: In 2023, Ukraine exported $1.82B to Italy. The main products that Ukraine exported to Italy were Corn ($527M), Seed Oils ($271M), and Wheat ($132M). Over the past 5 years the exports of Ukraine to Italy have decreased at an annualized rate of 10.3%, from $3.14B in 2018 to $1.82B in 2023.

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

Italy-Ukraine Trade: In 2023, Italy exported $2.13B to Ukraine. The main products that Italy exported to Ukraine were Processed Tobacco ($188M), Packaged Medicaments ($90.4M), and Refined Petroleum ($79.1M). Over the past 5 years the exports of Italy to Ukraine have increased at an annualized rate of 0.49%, from $2.08B in 2018 to $2.13B in 2023.

In 2002, Italy exported services to Ukraine worth $56.6M, with Travel ($30.4M), Other business services ($17.8M), and Transportation ($8.39M) 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ukraine exported $1.82B to Italy. The main products exported from Ukraine to Italy were Corn ($527M), Seed Oils ($271M), and Wheat ($132M). During the last 5 years the exports of Ukraine to Italy have decreased at an annualized rate of 10.3%, from $3.14B in 2018 to $1.82B in 2023.

In 2018, Italy exported $2.13B to Ukraine. The main products exported from Italy to Ukraine were Processed Tobacco ($188M), Packaged Medicaments ($90.4M), and Refined Petroleum ($79.1M). During the last 5 years the exports of Italy to Ukraine have increased at an annualized rate of 0.49%, from $2.08B in 2023 to $2.13B in 2018.

Exports from Ukraine () to Italy () (2023)

Exports from Italy () to Ukraine () (2023)

Latest Data

Trade between Ukraine () and Italy ()

Ukraine Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ukraine
Top DestinationPoland$4.83B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Ukraine than Italy included Moldova ($1.13B), Nepal ($23.9M), and Tuvalu ($73.7k).

In 2023, countries that imported more from Italy than Ukraine included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

Difference in imports from Italy () and Ukraine () (2023)

Comparative Advantage Ukraine - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ukraine had a large net trade with Italy in the exports of Vegetable Products ($793M), Metals ($282M), and Animal and Vegetable Bi-Products ($271M).

During 2018, Italy had a large net trade with Ukraine in the exports of Machines ($599M), Foodstuffs ($400M), and Chemical Products ($291M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ukraine Italy+$52.4MWheat

Top Product Potential Italy Ukraine+$29MPackaged 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ukraine () to Italy () (2023)

Exports from Italy () to Ukraine () (2023)

Latest Data

Trade between Ukraine () and Italy ()

Ukraine Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Ukraine () (2023)

Comparative Advantage Ukraine - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ukraine () and Italy () (2023)

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