Ukraine: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Ukraine

Trade balance as percent of GDP

 Latest value -16.79
 Year 2022
 Measure percent
 Data availability 1989 - 2022
 Average -2.48
 Min - Max -16.79 - 7.41
 Source The World Bank
For that indicator, we provide data for Ukraine from 1989 to 2022. The average value for Ukraine during that period was -2.48 percent with a minimum of -16.79 percent in 2022 and a maximum of 7.41 percent in 2004. The latest value from 2022 is -16.79 percent. For comparison, the world average in 2022 based on 148 countries is -4.42 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Ukraine - Trade balance, percent of GDP - recent values

Historical chart
Ukraine - Trade balance, percent of GDP - historical chart - 1989-2022




The trade balance for Ukraine and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).


 Related indicators Latest value Reference Measure
 Terms of trade 128.24 2021 percent
 Trade openness 87.71 2022 percent
 Exports, percent of GDP 35.46 2022 percent
 Exports, billion dollars 56.91 2022 billion U.S. dollars
 Growth of exports -42.40 2022 percent
 Imports, percent of GDP 52.25 2022 percent
 Imports, billion dollars 83.86 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.23 2022 percent
 Foreign Direct Investment, billion dollars 0.37 2022 billion U.S. dollars
 Portfolio investment inflows, equities -11.00 2022 million dollars (current)
 Current account, percent of GDP 4.99 2022 percent
 Current account, in dollars 7.97 2022 billion U.S. dollars
 Trade balance, percent of GDP -16.79 2022 percent
 Trade balance, in dollars -25.74 2022 billion U.S. dollars
 Reserves 28.51 2022 billion U.S. dollars
 Remittances, percent of GDP 10.41 2022 percent
 Remittances 3,940.00 2022 million U.S. dollars
 Net errors and omissions -264.00 2022 million USD
 External debt 82.51 2022 percent
 Short-term external debt 11.05 2022 percent
 Short-term debt to reserves 54.13 2022 percent
 Foreign exchange reserves 39.72 9/2023 billion
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