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Exports of agricultural goods from Ukraine reach $2.8 in January-February 2018

India became the primary destination for agricultural and food products made in Ukraine.
18:23, 16 April 2018

hydraulicparts.info

The total foreign trade turnover of agricultural goods in Ukraine between January and February 2018 was estimated at $3.7 million, of which $2.8 billion was made up by agrarian and food products produced in Ukraine and sold abroad.

Related: Three quarters of Ukrainians oppose abolition of moratorium on sale of agricultural land - poll

In the first two months of the current year, exports of Ukrainian agrarian commodities grew by $102.1 million against the same period of 2017 and reached a $2.8 million threshold. The traditional staples of Ukrainian exports still include grain crops, which accounted for 35.3%, vegetable oil (24.1%), and oilseed (12%), the Deputy Minister of Agrarian Policy and Food of Ukraine Olha Trofimtseva said, the press service of the ministry informed, UNIAN reports.

According to the Deputy Minister, over the aforementioned period, considerable expansion was exhibited in exports of poultry meat ($29 million), eggs ($11.4 million), butter ($20 million), chocolate ($7.5 million), and grape wines ($6.1 million).

Related: Ukrainian Agribusiness Club suggests drones, elevator equipment to be declared reimbursable

“In particular, exports of goods from Ukraine to member states of the European Union over the period under review skyrocketed by 28.1%, or by $224.7 million, and reached $1.025 billion. This means that the European Union was the primary country of destination for Ukrainian agricultural and food products with 36.5%,” Olha Trofimtseva added.

The deputy minister also mentioned that India became a major importer of agricultural and food products over the two months of 2018, as the country purchased a total of $335.9 million worth of Ukrainian food products and commodities.

Related: Lithuanian company announces its plans to enter the Ukrainian agricultural market

The Top 5 leaders also included Spain with $201.1 million, the Netherlands ($199.3 million), Egypt ($189.6 million), and Italy ($185.6 million). The total revenue from exports of Ukrainian agrarian products in 2017 rose by 16.3% against 2016, to over $17.9 billion. The major products of Ukrainian agri-exports in 2017 were grain crops, accounting for 36.2% of the export structure, vegetable oils (25.1%), and oilseeds (11.3%.).

 

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