According to the State Statistics Service of Ukraine in 2021 the total trade turnover between Ukraine and Israel amounted to 1.367 bln USD and increased, compared to 2020, by 34% (in 2020 –907.3 m USD). Exports amounted to 1.1 bln. USD and increased by 36% (in 2020 – 710.2 ln USD), and imports - 265.2 m USD and increased by 26% (in 2020 – USD 197.1 m USD). The positive for Ukraine balance of foreign trade in goods and services amounted to 837 m USD.
Trade in goods
The volume of trade in goods in 2021 amounted to 956.1 m USD. nd increased, compared to 2020, by 23% (in 2020 –734.5 m USD). Exports amounted to 731.1 m USD and increased by 29% (in 2020 –563.5 m USD). Imports also increased by 24% and amounted to 225 m USD (in 2020 – 171 m USD). The positive for Ukraine balance of foreign trade in goods in 2021 amounted to 506 m USD.
The main export commodity groups from Ukraine to Israel in 2021 were: grain crops (38% of total exports); ferrous metals (23% of total exports); food industry residues and waste (7% of total exports); fats and oils of animal or vegetable origin (6% of total exports); wood and wood products (4% of total exports); alcoholic and soft drinks and vinegar (2% of total exports); nuclear reactors, boilers, machinery (2% of total exports), ferrous metal products (2% of total exports).
The structure of Israeli exports of goods to Ukraine: various chemical products (29% of total exports); mineral fuel, oil and products of their refining (18% of total exports); оptical, cinematographic apparatus (10% of total exports); plastics, polymeric materials (7% of total exports); electric machines (6% of total exports); edible fruits and nuts (4% of total exports); pharmaceutical products (3% of total exports); nuclear reactors, boilers (3% of total exports); products of vegetable processing (2% of total exports); products of inorganic chemistry (2% of total exports); fertilizers (4% of total exports); tanning extracts (2% of total exports).
Trade in services
The volume of trade in services in 2021 amounted to 411.4 m USD and increased, compared to 2020, by 58% (in 2020 – 172.8 m USD). The growth was due to an increase of 60% in exports of services, which amounted to 371.2 m USD (in 2020 –146.7 m USD). Imports amounted to 40.2 m USD and increased by 35% (in 2020 –26.1 m USD). The positive for Ukraine balance of foreign trade in services amounted to 331 m USD.. The main types of services from Ukraine to Israel in 2021 were: services in the field of telecommunications, computer and information
services (63% of total exports); transport services (32% of total exports); travel-related services (3% of total exports); business services (2% of total exports).
The main types of services from Israel in Ukraine in 2021 were: transport services (58% of total exports); royalties and other services related to the use of intellectual property (13% of total exports); services in the field of telecommunications, computer and information services (15% of total exports); business services (3% of total exports); travel-related services (3%, of total exports); state and government services (3% of total exports).
Investment cooperation
According to the National Bank of Ukraine, direct Israeli investments (balances on direct investment instruments) in the economy of Ukraine as of 31.12.2021 amounted to 100.2 m USD.
The main areas of application of equity instruments for Israeli investments in Ukraine by type of economic activity were: information and telecommunications (14.7 m USD); real estate transactions (7.8 m USD); industry (3.8 m USD); processing industry (3.7 m USD); arts, sports, entertainment and recreation (2.9 m USD); wholesale and retail trade (2.7 m USD).