2022
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GDP
$161BCURRENT US$
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2012-2022
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GDP GROWTH
-12.1%CURRENT US$
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2022
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 GDP
$2.24TCURRENT US$
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2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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GDP PC 
$4,534CURRENT US$
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2012-2022
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GDP PC GROWTH
13.2%CURRENT US$
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2022
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GDP PC
$15,345CURRENT US$
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2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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About

Ukraine-Russia In 2022, Ukraine exported $493M to Russia. The main products that Ukraine exported to Russia are Aluminium Oxide ($141M), Hot-Rolled Iron ($62.5M), and Flat Flat-Rolled Steel ($33.6M). During the last 26 years the exports of Ukraine to Russia have decreased at an annualized rate of 8.96%, from $5.66B in 1996 to $493M in 2022.

In 2020, Ukraine exported services to Russia worth $2.62B, with Transportation ($2.43B), Other business services ($89.6M), and Royalties and license fees ($42.9M) being the largest in terms of value.

Russia-Ukraine In 2022, Russia exported $1.39B to Ukraine. The main products that Russia exported to Ukraine were Refined Petroleum ($518M), Coal Briquettes ($360M), and Coke ($65.9M). During the last 26 years the exports of Russia to Ukraine have decreased at an annualized rate of 6.35%, from $7.66B in 1996 to $1.39B in 2022.

In 2020, Russia exported services to Ukraine worth $630M, with Travel ($456M), Other business services ($67.3M), and Transportation ($34.7M) being the largest in terms of value.

Comparison In 2022,  Ukraine ranked 43 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ukraine exported $493M to Russia. The main products exported from Ukraine to Russia were Aluminium Oxide ($141M), Hot-Rolled Iron ($62.5M), and Flat Flat-Rolled Steel ($33.6M). During the last 26 years the exports of Ukraine to Russia have decreased at an annualized rate of 8.96%, from $5.66B in 1996 to $493M in 2022.

In 2022, Russia exported $1.39B to Ukraine. The main products exported from Russia to Ukraine were Refined Petroleum ($518M), Coal Briquettes ($360M), and Coke ($65.9M). During the last 26 years the exports of Russia to Ukraine have decreased at an annualized rate of 6.35%, from $7.66B in 1996 to $1.39B in 2022.

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

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

Latest Data

Trade between Ukraine (Flag) and Russia (Flag)

Ukraine Exports

Russia Exports

Market Competitiveness

Color
Ukraine
Top Destination
Poland$6.7B
Russia
Top Destination
China$101B

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

In 2021, countries that imported more from Ukraine than Russia were Austria ($833M), Saudi Arabia ($430M), and Iraq ($293M).

In 2021, countries that imported more from Russia than Ukraine were China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Ukraine - Russia

Flow
Scale

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

During 2022, Ukraine had a large net trade with Russia in the exports of Chemical Products ($162M), Metals ($150M), and Machines ($75.7M).

During 2022, Russia had a large net trade with Ukraine in the exports of Mineral Products ($1.01B), Metals ($108M), and Machines ($72.3M).

Service Trade

Bilateral Service Trade

In 2020, Ukraine exported services to Russia worth $2.62B, with Transportation ($2.43B), Other business services ($89.6M), and Royalties and license fees ($42.9M) being the largest in terms of value.

In 2020, Russia exported services to Ukraine worth $630M, with Travel ($456M), Other business services ($67.3M), and Transportation ($34.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ukraine (Flag) to Russia (Flag) (2020)

Services Exports from Russia (Flag) to Ukraine (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ukraine has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Ukraine.

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

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