In 2017, the foreign trade turnover in agricultural and food products between Ukraine and European countries rose by 30.8% or by $1.9 billion to reach $8.1 billion. Ukraine’s Deputy Minister of Agrarian Policy and Food Olha Trofimtseva said, as reported by the ministry’s press service.
“In my opinion, the indicators show that the Deep and Comprehensive Free Trade Agreement between Ukraine and the European Union is operating effectively and produces benefits for our country’s agricultural sector. Additionally, the expansion of exports to the European Union member states is a sign of the successful reorientation of the majority of our agrarian exporters to new markets after the shrinkage of trade with Russia,” the official said.
According to Trofimtseva, the major staples of Ukrainian exports of agricultural products to the European Union in 2017 were grain crops ($1.7 billion), vegetable ($1.4 billion), and oilseeds ($1.1 billion).
The deputy minister pointed out that the list of Ukraine’s five largest trade partners within the European Union consists of the Netherlands (18%), Spain (14.3%), Poland (13.2%), Italy (12%) and Germany (10.5%). The total revenue from the exports of Ukrainian agrarian products in 2017 increased by 16.3% against 2016 and reached $17.9 billion.