According to resources, the total export to Ukraine from India reached an estimated revenue of more than $721 Million by the year 2021.
Trade agreements have also been signed between both countries in order to support exports.
Pharmaceuticals, Machines, and Reactors are the major exported products from India to Ukraine at the present moment.
According to resources, the E-commerce market in Ukraine has reached $7.2 Billion in 2021 with a growth rate of 18.86% and is expected to reach approx $12 Billion by 2025.
The main reason behind the eCommerce growth is the Internet penetration rate in Ukraine which is 67.6% at the present moment.
So, itβs a good scope for Indian exporters and sellers to grab the Ukraine market whether through offline channels or online selling platforms & marketplaces in Ukraine.
Useful resources