Ukraine recorded a trade deficit of 3064.30 USD Million in May of 2025. This dataset provides the latest reported value for - Ukraine Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Since 2013, the value of Ukrainian exports to Russia has significantly decreased, dropping to zero in 2023. To compare, at the beginning of the observed period, it was measured at around 13.5 billion U.S. dollars. In 2024, the number reached 21 billion U.S. dollars.

Ukraine's total Exports in 2024 were valued at US$41.73 Billion, according to the United Nations COMTRADE database on international trade. Ukraine's main export partners were: Poland, Spain and Germany. The top three export commodities were: Cereals; Animal, vegetable fats and oils, cleavage products and Oil seed, oleagic fruits, grain, seed, fruits. Total Imports were valued at US$70.77 Billion. In 2024, Ukraine had a trade deficit of US$29.04 Billion.

Ukraine's largest partner by the share of merchandise trade revenue was China. In 2024, the share of China in the total goods trade turnover amounted to ** percent. Poland and Germany ranked second and third, with shares of **** percent and *** percent, respectively.

Key information about Ukraine's Trade Balance

• Ukraine's Trade Balance recorded a deficit of 3.8 USD bn in Dec 2024, compared with a deficit of 2.5 USD bn in the previous month
• Ukraine's Trade Balance data is updated monthly, available from Jan 1998 to Dec 2024, with an averaged value of -406.7 USD mn
• The data reached an all-time high of 9.6 USD bn in Sep 2002 and a record low of -9.2 USD bn in Oct 2002

CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports. The State Statistics Service of Ukraine provides year-to-date Total Exports and Total Imports in USD. Trade Balance prior to June 2001 is sourced from the International Monetary Fund.

Further information about Ukraine's Trade Balance

• In the latest reports, Ukraine's Total Exports reached 3.3 USD bn in Dec 2024, an increase of 13.7% YoY (year-on-year)
• Total Imports recorded 7.1 USD bn in Dec 2024, an increase of 13.7% YoY (year-on-year)

Ukraine Terms of Trade Index: Quantative data was reported at 83.100 Same Mth PY=100 in Sep 2018. This records a decrease from the previous number of 95.100 Same Mth PY=100 for Aug 2018. Ukraine Terms of Trade Index: Quantative data is updated monthly, averaging 101.100 Same Mth PY=100 from Jan 2013 (Median) to Sep 2018, with 69 observations. The data reached an all-time high of 157.700 Same Mth PY=100 in Aug 2014 and a record low of 77.600 Same Mth PY=100 in Dec 2016. Ukraine Terms of Trade Index: Quantative data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.JA015: Merchandise Trade.

Access Ukraine export and import statistics, uncover valuable trade insights, and connect with reliable import data providers to support your business decisions.

Trade (% of GDP) in Ukraine was reported at 77.75 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ukraine - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Historical chart and dataset showing Ukraine trade balance by year from 1989 to 2023.

Annual U.S. exports to Ukraine reached over *** billion U.S. dollars in 2022, having declined by ** percent from the previous year. The merchandise trade balance, calculated as the difference between the U.S. exports to and imports from Ukraine, was negative in 2022 for the first time since 2008.

With most European Union (EU) countries, Ukraine had a negative trade balance, or trade deficit. The highest trade deficit was recorded for Germany, at ************* U.S. dollars, in 2023. Ukraine's highest trade surplus was with Romania, as the value of exports to that country exceeded the value of imports from it by around *** billion U.S. dollars.

Exports: EU 27E: Ukraine: Beverages and Tobacco data was reported at 0.045 EUR bn in Feb 2025. This records an increase from the previous number of 0.036 EUR bn for Jan 2025. Exports: EU 27E: Ukraine: Beverages and Tobacco data is updated monthly, averaging 0.016 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 0.077 EUR bn in Oct 2020 and a record low of 0.002 EUR bn in Mar 2022. Exports: EU 27E: Ukraine: Beverages and Tobacco data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA049: Eurostat: Trade Statistics: By SITC: European Union: Ukraine.

Ukraine Exports of cereals was US$9.42 Billion during 2024, according to the United Nations COMTRADE database on international trade. Ukraine Exports of cereals - data, historical chart and statistics - was last updated on August of 2025.

Ukraine UA: Import Unit Value Index data was reported at 228.970 2000=100 in 2016. This records a decrease from the previous number of 237.521 2000=100 for 2015. Ukraine UA: Import Unit Value Index data is updated yearly, averaging 169.233 2000=100 from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 269.074 2000=100 in 2013 and a record low of 93.146 2000=100 in 2002. Ukraine UA: Import Unit Value Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ukraine – Table UA.World Bank.WDI: Trade Index. Import unit value indices come from UNCTAD's trade database. Unit value indices are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD’s estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, interna¬tional and national sources, and UNCTAD secretariat estimates.; ; United Nations Conference on Trade and Development, Handbook of Statistics and data files. (http://unctadstat.unctad.org); ;

Poland's trade with Ukraine has increased significantly in recent times. In 2024, trade turnover between the countries reached a record high, with a trade surplus of *** billion euros.

Ukraine Exports to Canada was US$152.14 Million during 2024, according to the United Nations COMTRADE database on international trade. Ukraine Exports to Canada - data, historical chart and statistics - was last updated on August of 2025.

Price Index: Exports: Watches and Their Parts data was reported at 188.906 Same Mth PY=100 in Feb 2025. This records an increase from the previous number of 90.277 Same Mth PY=100 for Jan 2025. Price Index: Exports: Watches and Their Parts data is updated monthly, averaging 860.000 Same Mth PY=100 from Jan 2013 (Median) to Feb 2025, with 146 observations. The data reached an all-time high of 2,472.000 Same Mth PY=100 in Nov 2017 and a record low of 46.715 Same Mth PY=100 in Sep 2022. Price Index: Exports: Watches and Their Parts data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.JA015: Merchandise Trade. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

Poland Exports to Ukraine was US$14.23 Billion during 2024, according to the United Nations COMTRADE database on international trade. Poland Exports to Ukraine - data, historical chart and statistics - was last updated on August of 2025.

Ukraine Imports from Russia was US$1.71 Million during 2024, according to the United Nations COMTRADE database on international trade. Ukraine Imports from Russia - data, historical chart and statistics - was last updated on July of 2025.

Price Index: Exports: Soap, Washing and Cleaning Preparations data was reported at 95.540 Same Mth PY=100 in Feb 2025. This records an increase from the previous number of 79.155 Same Mth PY=100 for Jan 2025. Price Index: Exports: Soap, Washing and Cleaning Preparations data is updated monthly, averaging 876.500 Same Mth PY=100 from Jan 2013 (Median) to Feb 2025, with 146 observations. The data reached an all-time high of 1,220.000 Same Mth PY=100 in Mar 2017 and a record low of 79.155 Same Mth PY=100 in Jan 2025. Price Index: Exports: Soap, Washing and Cleaning Preparations data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.JA015: Merchandise Trade. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.