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Ukraine’s exports of agricultural goods to EU increase by 37% in 2017
19:16, 5 February 2018
Ukraine’s exports of agricultural goods to EU increase by 37% in 2017

Most of the exports were grain crops, vegetable oils and oilseeds.

19:16, 5 February 2018

AFP

Exports of Ukrainian agricultural and food products to European countries in 2017 increased by over 37%, or by $1.6 billion, to $5.8 billion, UNIAN reports.

Related: Quotas and Ukraine's exports to the EU: Who won and who lost?

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.

Related: Poroshenko says exports to EU steadily grows

“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.

Related: Ukraine sees exports of poultry rise by 29%, pork by 2.8 times in Jan-July

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).

Related: Ukrainian exports: Challenge for the next 5 years

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.

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