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Ukraine

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
1.9
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
1.68
1.19
0.5

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of May 1, 2025, the tariff situation for Ukraine is primarily defined by the recent actions taken by the United States: US Tariffs on Ukraine: On April 2, 2025, the United States announced a 10% tariff on all imports from Ukraine, which took effect on April 5, 2025.   This 10% is a baseline "reciprocal tariff" applied to most countries.   However, steel and aluminum products from Ukraine are subject to a 25% tariff, as these were already under existing duties. This is a reinstatement of previous Section 232 tariffs, as earlier exemptions for certain countries, including Ukraine, have been removed.   Notably, Russia and Belarus were excluded from these new tariffs, as the US stated that existing sanctions preclude meaningful trade.   Ukraine's Response: The Ukrainian government has indicated it will not respond by imposing retaliatory tariffs on American imports. Their focus is on supporting Ukrainian businesses affected by the new US levies.   Impact on Ukraine: While a 10% tariff is lower than what some other trading partners face (e.g., the EU at 20%, China at 125% total), it still presents a challenge for Ukrainian exporters to the US. In 2024, Ukraine's exports to the US were valued at $874 million, with significant portions being pig iron ($363 million) and pipes ($112 million). These metal products already face the higher 25% tariff. The new 10% tariff will primarily affect smaller Ukrainian producers exporting a diverse range of goods to the US. The Ukrainian government is planning support programs for businesses to mitigate the impact, especially for smaller companies.   US-Ukraine Minerals Deal: Separately, on April 30, 2025, the US and Ukraine signed a deal granting Washington access to Ukraine's critical minerals and other natural resources. Ukraine hopes this will secure long-term US support. This deal focuses on investment and resource extraction rather than tariffs on existing trade.   EU-Ukraine Trade: The European Union has granted Ukraine full trade liberalization since June 2022 through Autonomous Trade Measures (ATMs), suspending import duties and quotas to support Ukraine's economy during the war. These measures are set to expire on June 5, 2025.   Discussions are ongoing within the EU regarding the future trade regime with Ukraine, with some member states advocating for a return to pre-war tariff quotas or the implementation of safeguards for agricultural products to protect their own markets.   Ukraine is urging the EU to maintain open access for its goods to help rebuild its economy.   In summary, Ukraine now faces new tariffs on most of its exports to the United States. While the Ukrainian government is not retaliating, it is seeking ways to support its affected businesses. Simultaneously, the future of Ukraine's largely tariff-free trade relationship with the European Union is under discussion as the current temporary measures are set to expire.

US Negotiation Strategy

Based on the most recent data from 2024, the top imports to the US from Ukraine by value are: Iron and steel ($438.77 Million) Articles of iron or steel ($124.41 Million) Electrical, electronic equipment ($85.46 Million) Animal, vegetable fats and oils, cleavage products ($80.19 Million) Vegetable, fruit, nut food preparations ($54.86 Million) Here's a breakdown of US states and companies that can manufacture similar goods: Iron and Steel & Articles of Iron or Steel: States: Pennsylvania, Ohio, Indiana, Illinois, Michigan, Alabama, West Virginia. These states have a long history of steel production and manufacturing of various iron and steel products. Companies: U.S. Steel (Pennsylvania, Illinois, Indiana): Produces a wide range of steel products, including bars, plates, and pipes. Nucor (South Carolina, Nebraska, Texas): A major steel producer with electric arc furnace technology, manufacturing various steel products.   ArcelorMittal USA (Indiana, Ohio, Illinois): Part of a global steel giant, with significant production in the US. Commercial Metals Company (CMC) (Texas, Alabama, Oklahoma): Manufactures steel and metal products, including rebar and wire rod.   TimkenSteel (Ohio): Specializes in high-performance alloy steel products, including seamless mechanical tubing and specialty bar.   Electrical, Electronic Equipment: States: California, Texas, Massachusetts, North Carolina, Arizona, Oregon. These states are hubs for technology and electronics manufacturing. Companies: Apple (California): While primarily known for design, Apple does have some manufacturing in the US, particularly for high-end products, and contracts extensively with US-based component suppliers.   Intel (Arizona, Oregon, New Mexico): A leading manufacturer of semiconductor chips.   Texas Instruments (Texas): Designs and manufactures semiconductors and various integrated circuits. General Electric (GE) (Various states, including Massachusetts, South Carolina): Produces a wide array of electrical equipment, from power generation to appliances. Rockwell Automation (Wisconsin): Manufactures industrial automation and control systems.   Animal, Vegetable Fats and Oils, Cleavage Products: States: Iowa, Illinois, Nebraska, Indiana, Kansas, North Carolina. These are major agricultural states with significant processing industries for fats and oils. Companies: Cargill (Minnesota): A global agricultural and food processing company involved in producing vegetable oils and animal fats. Archer Daniels Midland (ADM) (Illinois): Processes agricultural commodities and manufactures vegetable oils and other food ingredients. Bunge North America (Missouri): Operates in oilseed processing and the production of vegetable oils and fats.   Darling Ingredients (Texas): Processes animal by-products into various products, including animal fats.   Smithfield Foods (Virginia, North Carolina, Iowa): A major pork producer that also processes animal fats. Vegetable, Fruit, Nut Food Preparations: States: California, Washington, Oregon, Florida, Michigan. These states have significant fruit, vegetable, and nut agricultural sectors and processing facilities. Companies: Del Monte Foods (California): Processes and distributes canned fruits, vegetables, and other food products. Welch's (Massachusetts, Pennsylvania, Michigan): Known for grape juices and fruit spreads. Dole Food Company (California, North Carolina): Produces and distributes fresh and packaged fruits and vegetables.   Conagra Brands (Illinois): A large food company with a wide range of prepared food products, including those with fruits and vegetables. JM Smucker Company (Ohio): Produces fruit spreads, jams, and other food preparations.   It's important to note that while these US states and companies can manufacture similar types of goods to Ukraine's top exports, the specific products, qualities, and quantities may differ. Additionally, global supply chains often involve the import of raw materials or intermediate goods for final production in the US. The recent tariffs and trade developments could further influence these dynamics.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

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Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

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theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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