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Ukraine-India Bilateral Trade
15 January 2024 09:00

In the period of January-September 2023 the volume of bilateral trade amounted to 1.79 billion USD. Export of goods from Ukraine – 0.45 billion USD, import of goods from India – 1,34 billion USD. The negative trade balance for Ukraine amounted to 0,89 billion USD.

The top commodities exported from Ukraine to India were fats and oils of vegetable origin (242 million USD), hard coal, anthracite (31.9 million USD), other goods (27 million USD). Main Indian commodities imported to Ukraine were mineral fuels, petroleum and distillation products (610 million USD), pharmaceutical products (80 million USD), electrical machinery (12,1 million USD).

Dynamic of the development of trade between Ukraine and India (Million USD)

Indicators

2018

2019

2020

2021

2022

2023

(January-September)

Trade turnover

2,79

2,76

2,69

3,45

2,57

1,79

Export

2,17

2,02

1,97

2,49

0,88

0,45

Import

0,61

0,74

0,72

0,96

1,69

1,34

Balance 

+1,55

+1,28

+1,25

+1,53

-0,81

-0,89








Prospective directions of bilateral cooperation in the economic sphere are considered in the framework of the Ukraine-India Intergovernmental Commission on Trade, Economic, Scientific, Technical, Industrial and Cultural Cooperation, which was established under the Intergovernmental Agreement dated of 19.04.1994. Its last, 6th Session was held on February 5-6, 2018 in Kyiv.

The sectoral ministries and departments of Ukraine and India cooperate in the framework of bilateral working groups. Recently the Two Sides held the 2nd Session of the Joint Working Group on Healthcare and Pharmaceuticals (January 21-22, 2016, Kyiv), the 1st Session of the Joint Working Group on Space Cooperation (February 16, 2016, Kyiv), the 3rd  and 4th Sessions of the Joint Working Group on Trade and Economic Cooperation respectively on May 5-6 2016 in Kyiv and on April 2, 2019 in New Delhi. 

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