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India’s bilateral trade turnover was US$ 2.68 billion in 2017-18 (India’s exports were USD 330.10 million and imports were USD 2355.97 million). Pharmaceuticals account for majority of Indian exports to Ukraine. (India is the third largest exporter of pharmaceutical products to Ukraine, after Germany and France, in value terms). A number of Indian companies like Ranbaxy, Dr. Reddy’s Laboratories, Sun Group etc. have their representative offices in Ukraine. Representatives of major pharmaceutical companies have set up an ‘Indian Pharmaceutical Manufacturers’ Association in Ukraine. The trade figures for the last 5 years are as follows:

Values in US $ Millions

S.No. Year 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018
1 EXPORT 481.25 348.91 259.11 310.16 330.10
2 Growth -27.50 -25.74 19.70 6.43
3 India's Total Export 314,405.30 310,338.48 262,291.09 275,852.43 303,526.16
4 %Growth -1.29 -15.48 5.17 10.03
5 %Share 0.15 0.11 0.10 0.11 0.11
6 IMPORT 1 804,75 2,238.99 1,751.10 2,481.47 2,355.97
7 %Growth 24.06 -21.79 41.71 -5.06
8 India's Total Import 450 199,79 448,033.41 381,007.76 384,357.03 465,580.99
9 %Growth -0.48 -14.96 0.88 21.13
10 %Share 0.4 0.5 0.46 0.65 0.71
11 TOTAL TRADE 2 286,01 2,587.89 2,010.21 2,791.63 2,686.07
12 %Growth 13.21 -22.32 38.87 -3.78
13 India's Total Trade 764 605,09 758,371.89 643,298.84 660,209.46 769,107.15
14 %Growth -0.82 -15.17 2.63 16.49
15 %Share 0.30 0.34 0.31 0.42 0.35
16 TRADE BALANCE
17 India's Trade Balance -135 794,49 -137,694.93 -118,716.67 -108,504.60 -162,054.83

[Source: Department of Commerce, Ministry of Commerce and Industry, New Delhi]

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