Net trade in goods in Ukraine
Ukraine: Net trade in goods was -32.99 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods in Ukraine, 1994–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods in Ukraine stood at -32.99 billion BoP, current US$. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 8.6% on the previous year and down 362.9% over ten years.
Over the whole period, net trade in goods in Ukraine peaked at 2.74 billion BoP, current US$ in 2004 and was at its lowest, -32.99 billion BoP, current US$, in 2024.
Ukraine ranks 189th of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods in Ukraine, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1994 | -2.48 billion BoP, current US$ | — |
| 1995 | -2.36 billion BoP, current US$ | -5.0% |
| 1996 | -4.12 billion BoP, current US$ | +74.7% |
| 1997 | -4.20 billion BoP, current US$ | +2.0% |
| 1998 | -3.14 billion BoP, current US$ | -25.4% |
| 1999 | -321.00 million BoP, current US$ | -89.8% |
| 2000 | -126.00 million BoP, current US$ | -60.7% |
| 2001 | -667.00 million BoP, current US$ | +429.4% |
| 2002 | -102.00 million BoP, current US$ | -84.7% |
| 2003 | -118.00 million BoP, current US$ | +15.7% |
| 2004 | 2.74 billion BoP, current US$ | -2423.7% |
| 2005 | -2.19 billion BoP, current US$ | -180.0% |
| 2006 | -6.05 billion BoP, current US$ | +175.7% |
| 2007 | -11.59 billion BoP, current US$ | +91.6% |
| 2008 | -17.45 billion BoP, current US$ | +50.6% |
| 2009 | -5.34 billion BoP, current US$ | -69.4% |
| 2010 | -9.60 billion BoP, current US$ | +79.6% |
| 2011 | -18.03 billion BoP, current US$ | +87.9% |
| 2012 | -21.85 billion BoP, current US$ | +21.2% |
| 2013 | -22.13 billion BoP, current US$ | +1.3% |
| 2014 | -7.13 billion BoP, current US$ | -67.8% |
| 2015 | -3.46 billion BoP, current US$ | -51.5% |
| 2016 | -6.94 billion BoP, current US$ | +100.9% |
| 2017 | -9.66 billion BoP, current US$ | +39.2% |
| 2018 | -12.71 billion BoP, current US$ | +31.6% |
| 2019 | -14.26 billion BoP, current US$ | +12.2% |
| 2020 | -7.80 billion BoP, current US$ | -45.3% |
| 2021 | -8.22 billion BoP, current US$ | +5.4% |
| 2022 | -15.30 billion BoP, current US$ | +86.2% |
| 2023 | -30.39 billion BoP, current US$ | +98.6% |
| 2024 | -32.99 billion BoP, current US$ | +8.6% |
Ukraine compared with similar countries
- Ukraine's -32.99 billion BoP, current US$ is below the median for upper middle income countries, which is -544.73 million BoP, current US$, 60.6× the median. (57 countries reporting)
- Ukraine's -32.99 billion BoP, current US$ is below the median for Europe & Central Asia, which is -3.80 billion BoP, current US$, 8.7× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods in Ukraine changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +2423.7% | -118.00 million BoP, current US$ | 2.74 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -2.77 billion BoP, current US$ | -4.20 billion BoP, current US$ | -321.00 million BoP, current US$ | 6 |
| 2000s | -4.09 billion BoP, current US$ | -17.45 billion BoP, current US$ | 2.74 billion BoP, current US$ | 10 |
| 2010s | -12.58 billion BoP, current US$ | -22.13 billion BoP, current US$ | -3.46 billion BoP, current US$ | 10 |
| 2020s | -18.94 billion BoP, current US$ | -32.99 billion BoP, current US$ | -7.80 billion BoP, current US$ | 5 |
Countries ranked near Ukraine
- 186 Israel -26.10 billion BoP, current US$ compare
- 187 Portugal -27.64 billion BoP, current US$ compare
- 188 Pakistan -31.09 billion BoP, current US$ compare
- 190 Morocco -33.46 billion BoP, current US$ compare
- 191 Romania -36.70 billion BoP, current US$ compare
- 192 Greece -38.58 billion BoP, current US$ compare
More economy & growth data for Ukraine
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.93 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.2 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 305.00 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0016 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 8.06 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.02 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -12.12 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0211 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 106.13 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 30.81 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods in Ukraine?
- Net trade in goods in Ukraine was -32.99 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Ukraine?
- The highest recorded value was 2.74 billion BoP, current US$ in 2004.
- What is the lowest net trade in goods recorded in Ukraine?
- The lowest recorded value was -32.99 billion BoP, current US$ in 2024.
- How does Ukraine rank for net trade in goods?
- Ukraine ranks 189th out of 200 countries with data for 2024.
- Is net trade in goods rising or falling in Ukraine?
- Over the last ten years it is down 362.9%. The long-run trend across the full record is volatile.
- Where does this Ukraine data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.