Ukraine - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Ukraine was 39.06 as of 2020. Its highest value over the past 31 years was 60.30 in 2000, while its lowest value was 23.98 in 1992.

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1989 32.08
1990 27.66
1991 26.15
1992 23.98
1993 25.88
1994 35.39
1995 47.07
1996 45.65
1997 40.59
1998 41.89
1999 53.70
2000 60.30
2001 50.65
2002 50.12
2003 52.54
2004 58.70
2005 47.73
2006 43.22
2007 41.29
2008 43.26
2009 42.93
2010 46.46
2011 49.41
2012 47.38
2013 42.90
2014 48.59
2015 52.60
2016 49.30
2017 48.12
2018 45.24
2019 41.23
2020 39.06

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts