The Russian invasion of Ukraine has had large knock-on effects on global trade. Energy prices have spiked, and the sharp rise in wheat has prompted fears of a food crisis.
Although rising energy prices already have a knock-on effect on many industries, oil, gas and wheat aren’t the only items traded out of Russia and Ukraine. Many nearby nations will also be feeling direct supply chain disruption in other industries, including the medical industry.
In Ukraine, trade has become more difficult as supply lines have been blocked, and many industries have struggled due to bombings and a lack of labour as people have fled the country or joined the military.
Many countries and companies have also ceased trading with Russia, either due to sanctions or business choices. However, not all countries will have ceased trading.
What are the main commodities traded with Russia and Ukraine in the medical industry?
Not including trade between the two nations, within the drinks manufacturing sector, around NA% of global imports of NA comes from Ukraine.
Looking at global exports to Russia, the most-traded commodities are Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electro-medical apparatus and sight testing instruments (1.3%).
Which countries' medical industry could be most affected by the war?
When it comes to the medical industry, the country that has the largest proportion of imports from Ukraine is Tajikistan (one% of the country’s medical industry imports worldwide).
That's followed by Georgia (0.7%), and Mali(0.4%).
From Russia, the countries that import the most are Tajikistan (8.5%), Kyrgyzstan (8.1%), and Belarus (8.1%).