US-Ukraine Business Council
UKRAINE'S TOP EXPORT AND IMPORTS

UKRAINE'S TOP EXPORT AND IMPORTSEnergy Supplies Makes Russia Largest among Ukrainian Trade Partners Major trade deficits with the United States and Russia in 2007
By Daniel Workman, Suite101.com
Vancouver, British Columbia, Canada, April 7, 2008

UKRAINE'S TOP EXPORT AND IMPORTS
Energy Supplies Makes Russia Largest among Ukrainian Trade Partners Major trade deficits with the United States and Russia in 2007

By Daniel Workman, Suite101.com, Vancouver, British Columbia, Canada, Apr 7, 2008
 
Rich in agricultural and industrial resources, this Southeastern European Republic [Ukraine] is encumbered by recent trade deficits with the United States and Russia.

In 2007, Ukraine exported some US$47 billion worth of goods led by ferrous and non-ferrous metals, fuel and petroleum products, chemicals, machinery and transport equipment as well as food commodities. Topping the list of trade partners for Ukrainian exports were Russia (21.3% of total exports), Turkey (7.1%), Italy (6.4%) and the United States (4.1%).

Ukrainian imports last year were valued at $54.3 billion. Leading suppliers of Ukrainian imports included Russia (28.2% of total imports), Germany (11.7%), Poland (7.6%), China (7%) and Turkmanistan (5.7%).

Partly due to its dependence on Russian oil and gas exports, Ukraine’s overall trade deficit was $7.6 billion in 2007. The Ukrainian trade balance with Russia amounted to a $5.3 billion deficit.

UKRAINE -U.S. TRADE 
A closer look at Ukraine trade statistics with the United States reveal that Ukraine experienced a $121 billion trade deficit with its American trade partner in 2007, a dramatic reversal from an $884 billion surplus in 2006.

UKRAINIAN EXPORTS TO U.S. 
With a population of 47 million, Ukraine exported US$1.2 billion worth of merchandise to the United States in 2007, down 25.6% from 2006 and up 365% in 4 years.

(1)   Semi-finished iron and steel mill products …US$537.3 million (44% of Ukraine to U.S. exports, down 28% from 2006)
(2)   Fertilizers, pesticides and insecticides … $153.4 million (12.6%, down 43.9%)
(3)   Raw steelmaking and ferroalloying materials … $106.1 million (8.7%, up 58.7%)
(4)   Non-military spacecraft and parts … $59.9 million (4.9%, down 1.7%)
(5)   Fuel oil … $51.1 million (4.2%, down 40.9%)
(6)   Drilling and oil field equipment … $45 million (3.7%, down 45.8%)
(7)   Non-farm tractors and parts … $22.1 million (1.8%, up 10.8%)
(8)   Cotton apparel and household goods … $21.7 million (1.8%, up 155.1%)
(9)   Finished iron and steel products … $21.5 million (1.8%, up 7.3%)
(10) Railway transportation equipment … $17 million (1.4%, down 38.6%).

FASTEST-GROWING UKRAINIAN EXPORTS TO U.S. .
Below are selected American imports from Ukraine in 2007 with the highest percentage sales increases from 2006.

(1)   Synthetic rubbers, wood, cork, gums and resins … US$4.9 million (up 4352% from 2006)
(2)   Household goods like clocks … $6.5 million (up 4184%)
(3)   Medicinal, dental and pharmaceutical preparations … $1.5 million (up 2798%)
(4)   Vegetables and preparations … $4.7 million (up 763%)
(5)   Abrasives, belting, boxes and glass … $13.9 million (up 249%).

UKRAINIAN IMPORTS FROM U.S. 
Ukrainian imports from the U.S. rose 77.4% to $1.3 billion in 2007, up 482% since 2003.
Of American exports to Ukraine in 2007, the following product categories had the highest values.

(1)    Agricultural machinery … US$256.4 million (19.1% of Ukraine from U.S. imports, up 127.3% from 2006)
(2)    New and used passenger cars … $163.3 million (12.2%, up 65.8%)
(3)    Unmanufactured tobacco … $96.4 million (7.2%, up 140.7%)
(4)    Meat and poultry … $85.6 million (6.4%, up 71.3%)
(5)    Metallurgical grade coal … $71.9 million (5.4%, up 1034%)
(6)    Fish and shellfish … $66.8 million (5%, up 52%)
(7)    Materials handling equipment … $42.9 million (3.2%, up 166.3%)
(8)    Other industrial machines … $34.3 million (2.6%, up 123.6%)
(9)    Civilian aircraft … $33.5 million (2.5%, down 11.7%)
(10)  Industrial engines … $32.5 million (2.4%, up 121.4%).

FASTEST-GROWING UKRAINIAN IMPORTS FROM U.S. .
Below are selected American exports to Ukraine in 2007 with the highest percentage sales increases from 2006.

(1)   Aluminum … US$6.1 million (up 4239% from 2006)
(2)   Metallurgical grade coal … $71.9 million (up 1034%)
(3)   Other non-ferrous metals … $12.2 million (up 529.1%)
(4)   Specialized mining … $12.8 million (up 526.2%)
(5)   Passenger car bodies and chassis … $16.6 million (up 434%).

Sources for this Article: For a list of source materials complete with links to the most current information on country-specific GDP, trade partners, imports and exports, visit the Richest Research Sources panel at the top right of the World’s Richest Countries website, http://www.worldsrichestcountries.com/index.html. That site is a reference toolkit developed specifically for international trade researchers.

LINK: http://import-export.suite101.com/article.cfm/ukraines_top_exports_imports#ixzz0QI1Fz3N9

 

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