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Ukraine exported grain for $7,2 billion in 2018

41,7 tons of the Ukrainian grain were exported last year. This is 0,4% less than in 2017
18:28, 13 February 2019

eurointegration.com

Ukraine exported grain for $7,2 billion in 2018 and it is a record for the state as Mykola Puhachov, the Deputy Director of the National Science Center “Agrarian Economy Institute,” reported.

41,7 tons of the Ukrainian grain were exported last year. This number surpasses the rate of 2010 thrice and it is 0,4% less than in 2017.

Particularly, the corn export made 21,4 million tons and it is 10% more than in 2017 (19,4 million tons) and 5,2 times more than in 2010.

The export volume of wheat exceeded the rates of 2010 in 3,3 times but decreased in comparison with 2017 and made 16,4 million tons.

Related: Ukraine reduced import of cigarettes and increased their exports in 2018

Supplies of barley abroad decreased in 2018 and made 3,6 million tons.

Despite relatively small volumes of the rye export, it increased four times in 2018 and made over 100,000 tons.

Asian countries, Europe and Africa remained to be the largest buyers of the Ukrainian grain in 2018.

Egypt is traditionally the leader in the purchase of the Ukrainian grain (since 2011). Last year, it bought for 20% of grain less than in 2017 for $666 million.

Related: Top 20 Ukrainian exporting companies - who are they?

Spain occupies the second position in top-10 consumers of the Ukrainian grain. Last year it increased the volumes of the purchase for 35% up to $643 million.

Then the Netherlands goes ($556 million), China ($552 million), Indonesia ($487 million), Saudi Arabia ($449 million), Italy ($336 million),  Philippines ($316 million), Tunisia ($290 million), Morocco ($263 million) and Libya ($248 million).

As we reported, the Ukrainian producers have filled 100% of the volume of the tariff quota for the duty-free export of the number of the goods to the EU and almost completely filled some other quota. 

Related: Ukraine exported goods for $31 million in 2018, - official

Moreover, Nibulon, one of Ukraine’s largest grain traders, based in Mykolaiv, seeks to implement a long-term investment program in Egypt worth $2 billion.

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