Ukraine

Ukraine ranked No. 67 in total trade value through May with a total of $1.24 billion. Exports totaled $767.59 million and Imports totaled $475.53 million, a surplus of $292.06 million.

U.S. trade with Ukraine rose to $1.01 billion through May

Ukraine’s trade with the United States rose to $1.01 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 23.76 percent below its total trade during the same time period last year. U.S. exports to Ukraine decreased 25.74 percent while U.S. imports from Ukraine fell 20.15 percent. The U.S. surplus with Ukraine was $261.66 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Norfolk/Mobile/Charleston; No. 2 Port of Houston; No. 3 Port of Newark; No. 4 Port of New York; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Norfolk/Mobile/Charleston; No. 2 Port of Baltimore, Md.; No. 3 Port of Houston; No. 4 Port of Newark and No. 5 Port of New York. In the current time period, the top five accounted for 44.95 percent of Ukraine’s U.S. trade.

Among those top five:

  • Trade with No. 1 Norfolk/Mobile/Charleston fell 39.84 percent to $168.34 million.
    Exports fell 39.84 percent to $168.34 million. There were no imports.
  • Trade with No. 2 Port of Houston fell 33.14 percent to $104.14 million.
    Exports rose 38.12 percent to $74.44 million. Imports fell 70.84 percent to $29.7 million.
  • Trade with No. 3 Port of Newark fell 17.7 percent to $100.51 million.
    Exports rose 1.79 percent to $58.84 million. Imports fell 35.22 percent to $41.67 million.
  • Trade with No. 4 Port of New York fell 14.69 percent to $99.51 million.
    Exports fell 16.37 percent to $95.06 million. Imports rose 49.29 percent to $4.46 million.
  • Trade with No. 5 Port of New Orleans rose 21.8 percent to $86.23 million.
    Exports rose 35.48 percent to $9.11 million. Imports rose 20.37 percent to $77.13 million.

Ukraine ranked No. 67 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 66.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Ukraine by value through May were the categories of Passenger vehicles; Coal, briquettes; Worn clothing, other worn textile articles; Frozen fish; and Plastics, respectively. They accounted for 66.85 percent of total exports to Ukraine.

The value of the top five categories of U.S. imports from Ukraine –– Pig iron; Sunflower, safflow, cottonseed oil; Seamless iron tubes and pipes; Cell phones, related equipment; and Fruit and vegetable juices, not fortified –– accounted for 66.3 percent of all inbound shipments.

Looking more closely at U.S. exports to Ukraine:

  • Passenger vehicles rose 37.24 percent compared to last year to $263.58 million.
  • Coal, briquettes fell 39.5 percent compared to last year to $204.18 million.
  • Worn clothing, other worn textile articles rose 15.37 percent compared to last year to $16.25 million.
  • Frozen fish rose 2.19 percent compared to last year to $15.46 million.
  • Plastics rose 29 percent compared to last year to $13.64 million.

Looking more closely at U.S. imports from Ukraine:

  • Pig iron rose 6.17 percent compared to last year to $230.62 million.
  • Sunflower, safflow, cottonseed oil rose 144.67 percent compared to last year to $36.14 million.
  • Seamless iron tubes and pipes fell 72.81 percent compared to last year to $21.48 million.
  • Cell phones, related equipment rose 41.19 percent compared to last year to $15.31 million.
  • Fruit and vegetable juices, not fortified fell 55.38 percent compared to last year to $11.71 million.

In the latest annual figures available, Ukraine recorded $3.65 billion in trade with the United States. Total U.S. exports to Ukraine were $ 2.35 billion and imports from Ukraine were $1.3 billion. The U.S. surplus with Ukraine was $1.06 billion.