In 2022, the volume of bilateral trade in goods and services between Ukraine and Canada totalled $367.2 million, down 34.9%. Exports amounted to $194.2 million, down 30.9%, while imports decreased by 38.8% to $172.9 million. The balance of trade in goods and services is positive for Ukraine and amounts to $21.3 million.

In 2022, trade in goods between Ukraine and Canada decreased by 35.3% to $272.3 million. Exports of Ukrainian goods decreased by 34% to $105.7 million, while imports of Canadian goods decreased by 36.1% to $166.6 million. The negative balance was $60.8 million.

The structure of Ukrainian exports to Canada was dominated by supplies of ferrous metals (34.7%); fats and oils (14.3%); vehicles (7.9%); and copper (6.2%).

The overall structure of imports from Canada to Ukraine was dominated by deliveries of: fish and crustaceans (19.3%); vehicles (15.8%); equipment (11%); pharmaceutical products (7.9%); and aircraft (6.9%).

In 2022, the volume of bilateral trade in services between Ukraine

and Canada totalled $94.8 million, down 33.7%. Exports amounted to $88.5 million, down 26.8%, while imports decreased by 71.3% to $6.4 million. The balance of trade in goods is positive for Ukraine and amounts to $82.1 million.

As of 31.12.2021, Canada has invested $72.9 million in Ukraine's economy.

There is the Free Trade Agreement between Ukraine and Canada which entered into force on August 1, 2017. Its provisions are being expanded to services and investment.

The Canadian-Ukrainian Chamber of Commerce also contributes to the development of bilateral trade relations.

*updated every 6 and 12 months based on information by the State Statistics Service of Ukraine http://www.ukrstat.gov.ua/ and National Bank of Ukraine https://bank.gov.ua/. For any additional information please contact the Embassy of Ukraine in Canada [email protected]