UKRAINE INCREASES EXPORTS OF AGRICULTURAL PRODUCTS BY 24.5% IN JAN-AUG – MINISTRY

Business news from Ukraine

UKRAINE INCREASES EXPORTS OF AGRICULTURAL PRODUCTS BY 24.5% IN JAN-AUG – MINISTRY

11 Oct , 2017  

KYIV. Oct 11 (Interfax-Ukraine) – Exports of Ukrainian agricultural products in January-August 2017 grew by 24.5% year-over-year, to $11.475 billion, the Agricultural Policy and Food Ministry has reported.
“Over the period Ukraine mainly exported the following group of goods: sunflower oil, safflower oil and cottonseed oil with the share of 26.25% of total agricultural products export, corn – 20.34%, wheat and wheat mixture – 12.87%, poultry – 2.29% and other goods,” Deputy Agricultural Policy and Food Minister for European Integration Olha Trofimtseva said.
She said that the top key buyers of Ukrainian agricultural products over the period includes India, where goods for $1.3 billion were exported, Egypt – $986.1 million, the Netherlands – $762.8 million, Spain – $731.6 million and China – $631.8 million.
“The EU countries are second in the regional structure of our agricultural exports. Our exports to the European market expanded by 37.3% or $988 million over the reporting period, to $3.6 billion,” she said.
Trofimtseva said that the share of EU of the total foreign trade flow of agricultural products is 35.2%.
Agrarian products for $2.8 billion were imported to Ukraine in January-August 2017.
“The statistics allow us to predict the increase in the annual cost of Ukrainian exports of agrarian products and food by 15-20%,” she said.