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The United States is working to deepen its trade and investment relationship with Ukraine to support Ukraine’s efforts to restore vitality and prosperity to the economy, despite its many challenges. In May, 2015, USTR and Ukraine’s Ministry of Economic Development and Trade convened the fifth meeting of the U.S.-Ukraine Trade and Investment Council to discuss steps to enhance economic opportunities to the benefit of both countries as well as steps to enhance the business environment in Ukraine. The United States and Ukraine maintain a regular dialogue through the Trade Experts Group to advance work on these issues.
Ukraine is in the final stages of completing its negotiations to join the WTO’s Agreement on Government Procurement. That step will give Ukrainian companies access to the government procurement market covered by the GPA estimated at more than $1.7 trillion annually. In addition, Ukraine is working to implement the provisions of the WTO’s Trade Facilitation Agreement. Implementation of this Agreement will simplify and expedite border procedures and support the government’s efforts to fight corruption. Finally, because Ukraine is a beneficiary country under the U.S. Generalized System of Preferences (GSP) Program, Ukrainian exporters and U.S. importers can take advantage of the duty-free treatment for about 3,500 products from Ukraine and 121 other countries (a presentation on expanding exports through use of GSP is available in both English and Ukrainian). More country-specific information is available here.
U.S.-Ukraine Trade Facts
Ukraine is currently our 80th largest goods trading partner with $2.2 billion in total (two way) goods trade during 2014. Goods exports totaled $1.2 billion; Goods imports totaled $0.9 billion. The U.S. goods trade surplus with Ukraine was $344 million in 2014.
Ukraine was the United States’ 75th largest goods export market in 2014.
U.S. goods exports to Ukraine in 2014 were $1.3 billion, down 33.6% ($647 million) from 2013, but up 220% from 2004.
The top export categories (2-digit HS) in 2012 were: Mineral Fuel (coal) ($353 million), Machinery ($287 million), Vehicles ($139 million), Fish and Seafood (hake, pollock) ($64 million), and Plastic ($55 million).
U.S. exports of agricultural products to Ukraine totaled $90 million in 2014. Leading categories include: planting seeds ($20 million), and egg and egg products ($14 million).
Ukraine was the United States’ 79th largest supplier of goods imports in 2014.
U.S. goods imports from Ukraine totaled $934 million billion in 2014, a 9.9% decrease ($102 million) from 2013, but up 17% from 2004.
The five largest import categories in 2014 were: Iron and Steel ($325 million), Iron and Steel Products ($110 million), Inorganic Chemicals ($87 million), Mineral Fuel (oil) ($80 million), and Special Other (returns) ($47 million). U.S. imports of agricultural products from Ukraine totaled $73 million in 2014. Leading category was: vegetable oils ($12 million).
The U.S. goods trade surplus with Ukraine was $334 million in 2012, down 61.2% ($544 million) from 2013.
U.S. foreign direct investment (FDI) in Ukraine (stock) was $931 million in 2013 (latest data available), down 0.4% from 2012.
There is no information on the distribution of U.S. FDI in Ukraine.
Ukraine FDI in the United States (stock) was not available in 2013.
*NOTE: No services trade data with Ukraine are available.