Ucraïna: Visió econòmica i política
Ukraine is a very open economy, with a share of foreign trade in the country's GDP of 88% in 2022 (World Bank). Ukraine is the world's fifth-largest exporter of grains and one of the main exporters of iron and steel. In 2022, the main exported products were maze and corn (13.5%), sunflower (12.4% - the country being the n.1 exporter worldwide), iron ores (6.6%), and wheat and meslin (6%); whereas imports were led by petroleum oils (15.7%), vehicles (5.3%), petroleum gas (3.8%), medicaments (2.8%), and coal (2.1% - data Comtrade).
Foreign trade has been hardly hit by the conflict with Russia, which has traditionally been a major supplier of oil and gas, accounting for almost a quarter of the country's total imports. Ukraine is seeking to develop its trade relations with the member states of the European Union, with a view to emancipating from Russia. The EU and Ukraine have provisionally applied their Deep and Comprehensive Free Trade Agreement (CCFTA) since January 2016. Furthermore, prior to the war, maritime transport had served as the primary export route for Ukrainian commodities, accounting for both value and volume. However, with the onset of the war, there was a shift, and road and rail transport saw increased importance, therefore Ukraine's land border crossings with EU countries, predominantly Poland, emerged as the primary routes for Ukrainian exports. In 2022, China accounted for 15.7% of Ukraine's imports, followed by Poland (9.9%), Germany (8.3%), Turkey (6.1%), and the United States (3.9%). Ukraine's main customers were Poland (15.1%), Romania (8.8%), Turkey (6.6%), Hungary and Germany (5.1% each - data Comtrade).
According to WTO data, Ukraine exported USD 44.3 billion and imported USD 55.2 billion worth of goods in 2022 (-34.1% and -24.1%, respectively); whereas exports of services declined by 12.4% to USD 16.16 billion and imports almost doubled to USD 27.1 billion. Therefore, the deficit of the external balance on goods and services widened to 16.8% of GDP in 2022, from 1.3% one year earlier (World Bank). The latest governmental estimates show that, in 2023, the value of exports fell by 18.7% y-o-y (to USD 35.8 billion). In contrast, imports in monetary terms increased to USD 62.2 billion.
Foreign Trade Values | 2019 | 2020 | 2021 | 2022 | 2023 |
Imports of Goods (million USD) | 60,800 | 54,337 | 72,843 | 55,294 | 63,527 |
Exports of Goods (million USD) | 50,054 | 49,192 | 68,073 | 44,134 | 36,040 |
Imports of Services (million USD) | 15,715 | 11,164 | 14,420 | 27,703 | 25,189 |
Exports of Services (million USD) | 17,465 | 15,564 | 18,391 | 16,618 | 16,401 |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2018 | 2019 | 2020 | 2021 | 2022 |
Foreign Trade (in % of GDP) | 99.2 | 90.5 | 79.2 | 82.7 | 87.7 |
Trade Balance (million USD) | -12,714 | -14,261 | -6,778 | -6,642 | -14,652 |
Trade Balance (Including Service) (million USD) | -11,378 | -12,511 | -2,378 | -2,671 | -25,662 |
Imports of Goods and Services (Annual % Change) | 2.8 | 5.7 | -6.4 | 14.2 | -18.5 |
Exports of Goods and Services (Annual % Change) | -1.4 | 7.3 | -5.8 | -8.6 | -42.4 |
Imports of Goods and Services (in % of GDP) | 54.0 | 49.3 | 40.3 | 42.0 | 52.3 |
Exports of Goods and Services (in % of GDP) | 45.2 | 41.2 | 38.8 | 40.7 | 35.5 |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2023 | 2024 (e) | 2025 (e) | 2026 (e) | 2027 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | -16.1 | 18.5 | 2.6 | 15.8 | 7.0 |
Volume of imports of goods and services (Annual % change) | 21.1 | 11.0 | 9.2 | 9.3 | 10.0 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2023 |
Poland | 13.2% |
Romania | 10.4% |
China | 6.7% |
Türkiye | 6.5% |
Germany | 5.6% |
Spain | 5.5% |
Netherlands | 4.1% |
Hungary | 3.3% |
Egypt | 3.0% |
Slovakia | 3.0% |
Czech Republic | 2.8% |
Bulgaria | 2.5% |
Moldova | 2.3% |
Lithuania | 1.7% |
Austria | 1.7% |
India | 1.5% |
United States | 1.4% |
France | 1.3% |
United Kingdom | 1.0% |
Belgium | 1.0% |
See More Countries | 57.7% |
Main Suppliers (% of Imports) |
2023 |
China | 16.4% |
Poland | 10.3% |
Germany | 8.0% |
Türkiye | 7.4% |
United States | 4.5% |
Bulgaria | 3.5% |
India | 3.0% |
Czech Republic | 2.8% |
France | 2.8% |
Slovakia | 2.6% |
Romania | 2.5% |
Hungary | 2.2% |
Greece | 2.2% |
Lithuania | 2.0% |
United Kingdom | 1.7% |
Netherlands | 1.6% |
Switzerland | 1.4% |
Japan | 1.4% |
Spain | 1.4% |
Sweden | 1.2% |
See More Countries | 53.3% |
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import-Export Flows.
15.5 bn USD of services exported in 2022 | |
48.49% | |
24.70% | |
16.38% | |
4.99% | |
Personal travelPersonal travel | 4.58% |
OtherOther | 70.31% |
Business travelBusiness travel | 0.41% |
3.09% | |
1.18% | |
0.38% | |
0.33% | |
0.33% | |
0.13% |
27.6 bn USD of services imported in 2022 | |
71.51% | |
Personal travelPersonal travel | 53.72% |
OtherOther | 19.51% |
Business travelBusiness travel | 17.78% |
10.08% | |
8.98% | |
2.71% | |
2.57% | |
2.50% | |
1.26% | |
0.21% | |
0.09% | |
0.08% |
Source: United Nations Statistics Division, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: July 2024
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