Ukraine

Ukraine ranked No. 69 in total trade value through April with a total of $1.01 billion. Exports totaled $635.89 million and Imports totaled $374.23 million, a surplus of $261.66 million.

U.S. trade with Ukraine rose to $768.89 million through March

Ukraine’s trade with the United States rose to $768.89 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.04 percent below its total trade during the same time period last year. U.S. exports to Ukraine decreased 16.62 percent while U.S. imports from Ukraine fell 23.33 percent. The U.S. surplus with Ukraine was $244.39 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Norfolk/Mobile/Charleston; No. 2 Port of Newark; No. 3 Port of New Orleans; No. 4 Port of New York; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Norfolk/Mobile/Charleston No. 2 Port of Houston No. 3 Port of Baltimore, Md. No. 4 Port of New York and No. 5 Port of Newark. In the current time period, the top five accounted for 47.34 percent of Ukraine’s U.S. trade.

Among those top five:

  • Trade with No. 1 Norfolk/Mobile/Charleston fell 24.6 percent to $107.87 million.
    Exports fell 24.6 percent to $107.87 million. There were no imports.
  • Trade with No. 2 Port of Newark fell 4.13 percent to $65.16 million.
    Exports rose 31.35 percent to $40.15 million. Imports fell 33.14 percent to $25.01 million.
  • Trade with No. 3 Port of New Orleans rose 286.54 percent to $65.09 million.
    Exports rose 127.28 percent to $7.76 million. Imports rose 327.06 percent to $57.33 million.
  • Trade with No. 4 Port of New York fell 24.05 percent to $64.03 million.
    Exports fell 24.1 percent to $63.67 million. Imports fell 15.14 percent to $360,937.
  • Trade with No. 5 Port of Houston fell 34.35 percent to $61.83 million.
    Exports rose 48.2 percent to $45.66 million. Imports fell 74.48 percent to $16.18 million.

Ukraine ranked No. 70 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 $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Ukraine by value through March were the categories of Passenger vehicles; Coal, briquettes; Plastics; Frozen fish; and Cranes, derricks, industrial-use vehicles, respectively. They accounted for 65.87 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 Soybeans –– accounted for 63.16 percent of all inbound shipments.

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

  • Passenger vehicles rose 68.06 percent compared to last year to $171.38 million.
  • Coal, briquettes fell 16.24 percent compared to last year to $131.09 million.
  • Plastics rose 65.7 percent compared to last year to $11.28 million.
  • Frozen fish rose 45.33 percent compared to last year to $10.14 million.
  • Cranes, derricks, industrial-use vehicles fell 10.42 percent compared to last year to $9.85 million.

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

  • Pig iron fell 2.32 percent compared to last year to $116.44 million.
  • Sunflower, safflow, cottonseed oil rose 152.38 percent compared to last year to $20.43 million.
  • Seamless iron tubes and pipes fell 74.01 percent compared to last year to $11.47 million.
  • Cell phones, related equipment rose 31.17 percent compared to last year to $9.26 million.
  • Soybeans fell 33.14 percent compared to last year to $8.04 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.