On November 1, 2019, the United States and Ukraine held the ninth meeting of the United States-Ukraine Trade and Investment Council, see here.
U.S.-Ukraine Trade Facts
In 2019, Ukraine GDP was an estimated $150.4 billion (current market exchange rates); real GDP was up by an estimated 3.2%; and the population was 42 million. (Source: IMF)
Ukraine is currently our 67th largest goods trading partner with $3.7 billion in total (two way) goods trade during 2019. Goods exports totaled $2.4 billion; goods imports totaled $1.3 billion. The U.S. goods trade surplus with Ukraine was $1.1 billion in 2019.
According to the Department of Commerce, U.S. exports of goods to Ukraine supported an estimated 5 thousand jobs in 2015 (latest data available).
Exports
- Ukraine was the United States' 59th largest goods export market in 2019.
- U.S. goods exports to Ukraine in 2019 were $2.4 billion, down 5.3% ($132 million) from 2018 but up 165.5% from 2009.
- The top export categories (2-digit HS) in 2019 were: mineral fuels ($722 million), vehicles ($671 million), machinery ($187 million), aircraft ($86 million), and fish and seafood (frozen fish, not fillets) ($78 million).
- U.S. total exports of agricultural products to Ukraine totaled $129 million in 2019. Leading domestic export categories include: planting seeds ($53 million), prepared food ($35 million), tree nuts ($15 million), tobacco ($9 million), and dog & cat food ($2 million).
Imports
- Ukraine was the United States' 71st largest supplier of goods imports in 2019.
- U.S. goods imports from Ukraine totaled $1.3 billion in 2019, down 4.2% ($56 million) from 2018, but up 161.9% from 2009.
- The top import categories (2-digit HS) in 2019 were: iron and steel ($567 million), iron and steel products ($170 million), electrical machinery ($99 million), preserved food (fruit and vegetable juices) ($46 million), and miscellaneous textile articles ($32 million).
- U.S. total imports of agricultural products from Ukraine totaled $143 million in 2019. Leading categories include: fruit & vegetable juices ($48 million), other vegetable oils ($31 million), snack foods ($12 million), other dairy products ($2 million), and processed fruit & vegetables ($918 thousand).
Trade Balance
- The U.S. goods trade surplus with Ukraine was $1.1 billion in 2019, a 6.7% decrease ($76 million) over 2018.
Investment
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U.S. foreign direct investment (FDI) in Ukraine (stock) was $596 million in 2019, a 12.0% increase from 2018. There is no information on the distribution of U.S. FDI in Ukraine.
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No data on Ukraine's FDI in the U.S. are available. There is no information on the distribution of Ukraine FDI in the U.S.