Trading Partner Portal: Ukraine
Overview
Trade Overview
Ukraine has a population of approximately 37.86 million as of 2024 and is the second largest country in Europe by land mass. Ukraine’s GDP was $190.74 billion according to the world bank, with real GDP growth at 2.9% and an annual average inflation of 6.5%. In 1991 when the Soviet Union dissolved, Ukraine became independent. Ukraine has been a member of the World Trade Organization (WTO) since 2008 and has since been working toward attracting foreign investment. The World Bank
U.S. – Ukraine Trade
Two-way trade in goods between the United States and Ukraine was approximately $2.87 billion in 2024. Ukraine is the United States’ 81st largest export destination with more than $1.69 billion in exports. Top exports from the United States to Ukraine include transportation equipment ($478 million), non-electrical machinery ($277 million), fabricated metals ($182 million), computer and electronic products ($175 million), and chemicals ($135 million).
Imports from the Ukraine totaled $1.18 billion in 2024. The top imports were primary metal manufacturing ($534 million), processed foods ($161 million), chemicals ($74 million), transportation equipment ($48 million), and electrical equipment, appliances & components ($39 million).
California – Ukraine Trade
In 2024, California exported around $130 million in exports. Its top three exports were computer and electronic products ($57 million), transportation equipment ($25 million), and used or secondhand merchandise ($10 million). Other exports included non-electrical machinery ($10 million), and fabricated metals products ($5 million).
California imported $53 million from Ukraine in 2024. Top imports included processed foods ($21 million), electrical equipment, appliances, & components ($11 million), non-electrical machinery ($3 million), apparel and accessories ($3 million), and fabricated metal products ($2 million).
FDI – Ukraine
The U.S. Census Bureau estimates the U.S. holds a Ukrainian population of just over $1 million as of 2020. California is home to roughly 114,146 people of Ukrainian descent. U.S. Census
FDI from the U.S. into the Ukraine totaled $257 million in 2023. In the same year, FDI from the Ukraine into the U.S. totaled -$1 million, which is unchanged from 2022. (U.S. Department of Commerce, Bureau of Economic Analysis)
U.S. – Ukrainian Trade and Investment Council
In 2008, shortly after Ukraine became a member of the WTO, the U.S. and Ukraine signed a TICA, which established the U.S.-Ukrainian Trade and Investment Council. Chaired by the USTR and the Ukrainian Ministry of Economy, the council is the primary organization for managing the trade and investment relationship between the two countries. The fourth meeting of the U.S.-Ukraine TIC was held in Washington on July 31, 2012.
Other Ukraine Facts:
#1 in Europe in proven recoverable reserves of uranium ores.
#2 in Europe and 10th in the world in titanium ore reserves.
#2 in the world for explored reserves of manganese ores (12% of the world’s reserves).
#8 in the world in coal reserves.
#1 in Europe in terms of arable land area. Ukraine can meet the food needs of 600 million people.
#1 in the world in exports of sunflowers and sunflower oil.
#4 in the world in barley production and barley exports.
#5 largest producer of corn and #4 largest exporter of corn.
#2 in Europe and #8 in the world of installed capacity of nuclear power plants.
For many more facts on Ukraine’s importance please click here. (Source: Andriy Futey, Ukrainian Congress Committee of America Ukrainian World Congress)
Useful links:
WTO Trade Profile
USTR Trade Information
U.S. Department of State Ukraine Page
CIA Factbook: Ukraine
Events
Events
Ukrainian Delegates Highlight Joint Energy Opportunities with State, March 17, 2017
November 12, 2013 – The California Chamber of Commerce hosted an official delegation from the Republic of Crimea, Ukraine. The meeting focused on the cultural, historical and commercial significance of Crimea –which is a well-developed region in Ukraine, located along the northern peninsula on the Black Sea.