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.
- Semi-finished iron and steel mill products …US$537.3 million (44% of Ukraine to U.S. exports, down 28% from 2006)
- Fertilizers, pesticides and insecticides … $153.4 million (12.6%, down 43.9%)
- Raw steelmaking and ferroalloying materials … $106.1 million (8.7%, up 58.7%)
- Non-military spacecraft and parts … $59.9 million (4.9%, down 1.7%)
- Fuel oil … $51.1 million (4.2%, down 40.9%)
- Drilling and oil field equipment … $45 million (3.7%, down 45.8%)
- Non-farm tractors and parts … $22.1 million (1.8%, up 10.8%)
- Cotton apparel and household goods … $21.7 million (1.8%, up 155.1%)
- Finished iron and steel products … $21.5 million (1.8%, up 7.3%)
- 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.
- Synthetic rubbers, wood, cork, gums and resins … US$4.9 million (up 4352% from 2006)
- Household goods like clocks … $6.5 million (up 4184%)
- Medicinal, dental and pharmaceutical preparations … $1.5 million (up 2798%)
- Vegetables and preparations … $4.7 million (up 763%)
- 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.
- Agricultural machinery … US$256.4 million (19.1% of Ukraine from U.S. imports, up 127.3% from 2006)
- New and used passenger cars … $163.3 million (12.2%, up 65.8%)
- Unmanufactured tobacco … $96.4 million (7.2%, up 140.7%)
- Meat and poultry … $85.6 million (6.4%, up 71.3%)
- Metallurgical grade coal … $71.9 million (5.4%, up 1034%)
- Fish and shellfish … $66.8 million (5%, up 52%)
- Materials handling equipment … $42.9 million (3.2%, up 166.3%)
- Other industrial machines … $34.3 million (2.6%, up 123.6%)
- Civilian aircraft … $33.5 million (2.5%, down 11.7%)
- 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.
- Aluminum … US$6.1 million (up 4239% from 2006)
- Metallurgical grade coal … $71.9 million (up 1034%)
- Other non-ferrous metals … $12.2 million (up 529.1%)
- Specialized mining … $12.8 million (up 526.2%)
- Passenger car bodies and chassis … $16.6 million (up 434%).
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
Daniel Workman - A senior business and finance writer who also does French translations, notably international trade and insurance materials.
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