In 2015, Ukraine cut food import rate by 41.5 percent
13:30, 17 February 2016

In 2015, Ukraine cut food import rate by 41.5 percent

The reasons were low consumer purchasing power due to the national currency devaluation

13:30, 17 February 2016

112 Agency

“In 2015, Ukraine imported food worth of USD 3.8 billion in total; that’s 41.5 percent less than in 2014, when import of agricultural products totaled 6.4 billion dollars”, said Mykola Pugachov, Doctor of Economics, Deputy Director at the Institute of Agrarian Policy (UNIAN).

EU’s largest food suppliers to Ukraine are Germany, Poland, France, Italy and Spain, which provided 29 percent of the overall amount of agricultural supplies to Ukraine in 2015.

Asian countries, in particular, Turkey, China, India and Indonesia somehow strengthened their positions: their share of annual food supplies to Ukraine made 20.3 percent last year, while in 2014 it was 19.1 percent.   

Meanwhile, the share of CIS member countries lowered from 12 percent (2014) to 9 (2015), mainly due to mutual trade restrictions between Ukraine and Russia. In 2015, Russia provided 7 percent of Ukraine’s agrarian import. “Last year, Russia lost its leading position of main exporter of agricultural products to Ukraine, giving it up to Germany and Poland”, Pugachov said. 

Previously, 112 International reported that Ukraine's export of agricultural products to Russia totals about 2 percent.

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