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Ukraine – Trade Balance

Name: Ukraine Trade Balance
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services in current US dollars. Positive values indicate a trade surplus; negative values indicate a deficit. · World Bank

$-36.1B +$1.8B from 2023 G20 rank: 4th · all-time high: $5.0B (2004)

Ukraine's trade balance was $-36.1B in 2024, an increase of +$1.8B from $-37.9B in 2023. This ranked 4th in the G20. The all-time high was $5.0B in 2004.

APA

Ukraine Trade Balance. HistorySaid. Retrieved March 12, 2026, from https://historysaid.com/ukraine/trade-balance

BibTeX

@misc{historysaid_ukraine_trade-balance,
  title = {Ukraine Trade Balance},
  url = {https://historysaid.com/ukraine/trade-balance},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Ukraine Trade Balance – Historical Data
Year	Value	Change	Rank
2027* trend	$-72.5B	–	–
2026* trend	$-62.2B	–	–
2025* trend	$-52.0B	–	–
2024	$-36.1B	+$1.8B	4th
2023	$-37.9B	−$11.2B	7th
2022	$-26.7B	−$24.1B	13th
2021	$-2.6B	−$269.6M	42nd
2020	$-2.4B	+$10.0B	47th
2019	$-12.4B	−$958.3M	13th
2018	$-11.4B	−$2.7B	14th
2017	$-8.7B	−$2.3B	18th
2016	$-6.5B	−$4.1B	19th
2015	$-2.4B	+$2.3B	58th
2014	$-4.7B	+$11.0B	28th
2013	$-15.6B	−$1.3B	13th
2012	$-14.3B	−$4.2B	13th
2011	$-10.1B	−$6.2B	18th
2010	$-4.0B	−$2.0B	31st
2009	$-2.0B	+$12.4B	50th
2008	$-14.4B	−$6.3B	15th
2007	$-8.1B	−$5.1B	18th
2006	$-3.1B	−$3.8B	30th
2005	$724.5M	−$4.3B	121st
2004	$5.0B	+$3.7B	137th
2003	$1.3B	−$566.8M	129th
2002	$1.9B	+$1.3B	131st
2001	$539.3M	−$1.0B	119th
2000	$1.6B	−$150.1M	125th
1999	$1.7B	+$2.7B	130th
1998	$-952.4M	+$581.7M	47th
1997	$-1.5B	−$396.6M	29th
1996	$-1.1B	+$349.0M	36th
1995	$-1.5B	+$177.4M	28th
1994	$-1.7B	−$1.5B	19th
1993	$-205.4M	−$1.7B	69th
1992	$1.5B	−$209.4M	122nd
1991	$1.7B	+$2.6B	120th
1990	$-877.3M	−$823.4M	31st
1989	$-53.9M	–	71st

Show all years (1989–2024)

* Linear trend extrapolation from last 5 data points

Detected Pattern▾

Fiscal Dominance Trap

Government debt exceeding 80% of GDP with real interest rates negative and inflation above 10%. Monetary policy effectiveness impaired by fiscal pressures.

Inflation 20.2% Real rate -12.1%

This pattern occurred 329 times in G20 history, 239 successful

Angola 2024

Inflation

28.2%

Real rate

-4.2%

Argentina 2024

Inflation

219.9%

Real rate

-47.4%

Egypt, Arab Republic of 2024

Inflation

28.3%

Real rate

-7.0%

South Sudan 2024

Inflation

91.4%

Real rate

-26.9%

Angola 2023

Inflation

13.6%

Real rate

-0.9%

Argentina 2023

Inflation

133.5%

Real rate

-17.3%

HistorySaid – pattern alert

Ukraine matched the Fiscal Dominance Trap pattern in 2022. Historically, 73% of countries showing this pattern (239 out of 329) saw trade balance improve within 24 months. View full analysis →