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Pricing

2022
Flag → Flag
Exports $1.71BRnk 7 / 191
2022
Flag → Flag
Top Product $328MSeed Oils
2022
Flag → Flag
Exports $1.42BRnk 57 / 221
2022
Flag → Flag
Top Product $76.7MProcessed Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
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GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC $4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186
2022
Flag
GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Ukraine-Italy Trade: In 2022, Ukraine exported $1.71B to Italy. The main products that Ukraine exported to Italy were Seed Oils ($328M), Corn ($327M), and Semi-Finished Iron ($147M). Over the past 5 years the exports of Ukraine to Italy have decreased at an annualized rate of 7.75%, from $2.57B in 2017 to $1.71B in 2022.

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

Italy-Ukraine Trade: In 2022, Italy exported $1.42B to Ukraine. The main products that Italy exported to Ukraine were Processed Tobacco ($76.7M), Non-Knit Women's Suits ($38.6M), and Wine ($38.2M). Over the past 5 years the exports of Italy to Ukraine have decreased at an annualized rate of 2.46%,  from $1.61B in 2017 to $1.42B in 2022.

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 2022,  Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ukraine exported $1.71B to Italy. The main products exported from Ukraine to Italy were Seed Oils ($328M), Corn ($327M), and Semi-Finished Iron ($147M). During the last 5 years the exports of Ukraine to Italy have decreased at an annualized rate of 7.75%, from $2.57B in 2017 to $1.71B in 2022.

In 2017, Italy exported $1.42B to Ukraine. The main products exported from Italy to Ukraine were Processed Tobacco ($76.7M), Non-Knit Women's Suits ($38.6M), and Wine ($38.2M). During the last 5 years the exports of Italy to Ukraine have decreased at an annualized rate of 2.46%, from $1.61B in 2022 to $1.42B in 2017.

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

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

Latest Data

Trade between Ukraine (Flag) and Italy (Flag)

Ukraine Exports

Italy Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$6.7B
Italy
Top DestinationGermany$78.5B

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 2022, countries that imported more from Ukraine than Italy included Moldova ($929M), Ethiopia ($289M), and Yemen ($108M).

In 2022, countries that imported more from Italy than Ukraine included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Ukraine - Italy

Flow
Scale

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

During 2022, Ukraine had a large net trade with Italy in the exports of Vegetable Products ($525M), Metals ($424M), and Animal and Vegetable Bi-Products ($328M).

During 2017, Italy had a large net trade with Ukraine in the exports of Machines ($406M), Foodstuffs ($226M), and Chemical Products ($153M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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