During the medieval era, the region was famous for its cultural diversities like the expansion of early Slavic in the middle age then its transformation into East Slavic under the Kievan Rus increasing its historical significance. The nation covers a land surface of 603,550 square kilometers with borders in countries like Russia, Belarus, Poland, Slovakia, Hungary, Romania, and Moldova in all four directions.
The country has a continental climate due to its location in the mid-latitudes; the cold semi-arid temperature of the region increases the fertility of the soil and caters the economic growth. The presence of terrestrial ecoregions including Central European Mixed Forests and East European Forest Steppe along with coniferous and deciduous forests promotes biodiversity. The combined contribution of agriculture and manufacturing industries together has recorded a GDP of 180.3 billion US dollars with a total import and export value of 86.5 billion US dollars and 68 billion US dollars in 2023.
A vulnerable production rate leads to an increased amount of imported products for promoting the industrial sector to a huge extent. A variety of products ranging from mineral fuels for power industries to pharmaceuticals for medical sectors are imported from countries across the globe to promote the economy of the nation. As per the Ukraine Import Data, the top 10 imports of the nation with its trade values are discussed below,
• (HS code-27) Mineral Fuels – The import trade value of mineral fuels in 2023 is 15 billion US dollars.
• (HS code-84) Machinery– The import trade value of machinery in 2023 is 13 billion US dollars.
• (HS code-85)Electrical machinery and equipment– The import trade value of electrical machinery in 2023 is 9 billion US dollars.
• (HS code-87) Vehicles– The import trade value of vehicles in 2023 is 7 billion US dollars.
• (HS code-29) Pharmaceuticals– The import trade value of pharmaceuticals in 2023 is 4 billion US dollars.
• (HS code-07) Vegetable products– The import trade value of vegetable products in 2023 is 4 billion US dollars.
• (HS code-95) Plastic and Plastic Products– The import trade value of plastic products in 2023 is 3 billion US dollars.
• (HS code-72) Iron and steel– The import trade value of iron in 2023 is 2.5 billion US dollars.
• (HS code-29) Organic chemicals– The import trade value of Organic chemicals in 2023 is 2 billion US dollars.
• (HS code-90) Optical and medical instruments– The import trade value of optical and medical instruments in 2023 is 1 billion US dollars.
Import trade destinations are a significant contributor to the country’s expanding economy; the top 10 import trade partners of the nation as per the Ukraine Customs Data are discussed below,
• Russia – The Import trade revenue of Russia in 2023 is 20 billion US dollars.
• China – The Import trade revenue of China in 2023 is 15 billion US dollars.
• Germany – The Import trade revenue of Germany in 2023 is 12 billion US dollars.
• Poland – The Import trade revenue of Poland in 2023 is 8 billion US dollars.
• Italy – The Import trade revenue of Italy in 2023 is 7 billion US dollars.
• Great Britain – The Import trade revenue of Britain in 2023 is 6 billion US dollars.
• Turkey – The Import trade revenue of Turkey in 2023 is 5 billion US dollars.
• Kazakhstan –The Import trade revenue of Kazakhstan in 2023 is 4 billion US dollars.
• Slovakia – The Import trade revenue of Slovakia in 2023 is 3 billion US dollars.
• Hungary – The Import trade revenue of Hungary in 2023 is 2 billion US dollars.
Exports of the nation are for increasing the economic revenue to serve the country in emerging as a global trader. To match the level of demands of the modern world the industries of Ukraine have been continuously evolving its production categories. The top 10 exports of the nation as per the Ukraine Export Data are discussed below,
• (HS code-72) Iron and steel – The export trade value of iron and steel in 2023 is 14 billion US dollars.
• (HS code–11) Cereals– The export trade value of cereals in 2023 is 9 billion US dollars.
• (HS code-15) Sunflower oil– The export trade value of sunflower oil in 2023 is 7 billion US dollars.
• (HS code-72) Ferroalloys– The export trade value of Ferroalloys in 2023 is 6 billion US dollars.
• (HS code-84) Machinery– The export trade value of machinery in 2023 is 5 billion US dollars.
• (HS code-85) Electrical equipment– The export trade value of electrical equipment in 2023 is 4 billion US dollars.
• (HS code-07) Fruits and vegetables– The export trade value of fruits and vegetables in 2023 is 3 billion US dollars.
• (HS code-44) Wood products– The export trade value of wood products in 2023 is 2 billion US dollars.
• (HS code-27) Mineral fuels– The export trade value of mineral fuels in 2023 is 1.5 billion US dollars.
• (HS code-29) Chemicals– The export trade value of chemicals in 2023 is 1 billion US dollars.
The relentless production rate due to the increased government investments has led to a huge number of exports. The top 10 export destinations as per the Export Trade Data of Ukraine with its annual revenues are below,
• Russia – The export trade revenue of Russia in 2023 is 19 billion US dollars.
• China– The export trade revenue of China in 2023 is 8 billion US dollars.
• Poland– The export trade revenue of Poland in 2023 is 6 billion US dollars.
• Turkey– The export trade revenue of Turkey in 2023 – is 5 billion US dollars.
• Italy– The export trade revenue of Italy 2023 is 4 billion US dollars.
• Germany– The export trade revenue of Germany in 2023 is 4 billion US dollars.
• United States– The export trade revenue of 2023 – 3 billion US dollars.
• India– The export trade revenue of India in 2023 is 2 billion US dollars.
• Egypt– The export trade revenue of Egypt in 2023 is 2 billion US dollars.
• United Kingdom– The export trade revenue of the United Kingdom in 2023 is 1 billion US dollars.
Que. What is the GDP of Ukraine in 2023?
Ans. The GDP of Ukraine in 2023 is 180.3 billion US dollars.
Que. What is the top exported product of Ukraine?
Ans. The top exported product of Ukraine in 2023 is Iron and steel worth 14 billion US dollars.
Que. Name the top trade partner of Ukraine in 2023.
Ans. The top trade partner of Ukraine in 2023 is Russia.
Que. Where can you get the detailed trade statistics of Ukraine 2023?
Ans. At Import Globals, you can get the detailed trade statistics of Ukraine 2023.