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 airport industry.
With 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 airport industry?
Not including trade between the two nations, within the drinks manufacturing sector, around 0.1% of global imports of Machinery and mechanical appliances; passenger boarding bridges, of a kind used in airports comes from Ukraine.
Looking at global exports to Russia, the most-traded commodities are Machinery and mechanical appliances; passenger boarding bridges, of a kind used in airports (12.1%).
That’s followed by Vehicles; electrical, self-propelled, (not fitted with lifting or handling equipment), of the type used for short distance transport of goods in factories, warehouses, dock areas or airports (2.2%), and Vehicles; (not electrical), self-propelled, without handling equipment, used for short distance transport of goods in factories, airports and such, and tractors of the type used on railway station platforms(0.9%).
Which countries' airport industry could be most affected by the war?
When it comes to the airport industry, the country that has the largest proportion of imports from Ukraine is Qatar (1.3% of the country’s airport industry imports worldwide).
That's followed by United Arab Emirates (0.5%).
From Russia, the countries that import the most are Qatar (12.4%), Armenia (12.4%), and Belarus (7.3%).