Business news from Ukraine

Business news from Ukraine

Ukraine became third largest supplier of agricultural products to EU in 2023

28 December , 2023  

In 2023, Ukraine became the third largest supplier of agricultural products to the EU and increased its share of agricultural imports by 11% in January-September compared to 2022, the Polish publication farmer.pl reported, citing a report by the European Commission.

“Ukraine remains one of the three largest suppliers of agricultural products to the EU, according to the European Commission’s report on international trade. In the period from January to September this year, the European Union increased imports of agricultural products from Ukraine by 11% compared to 2022,” the publication wrote.

According to the report, the value of Ukrainian exports of agricultural products to the EU in the period from January to September 2023 reached EUR8.75 billion.

“Imports from Ukraine showed the largest increase in the period from January to September compared to 2022 (+891 million euros, or +11%), mainly due to an increase in grain imports,” the European Commission report says.

The biggest jump in these imports was recorded between January and June this year. Since June, imports have remained below the level of 2022, and in September they almost returned to the level of 2021, the EC said.

According to the results of the reporting period, Ukraine became the third largest exporter of agricultural products to the EU – after Brazil and the UK.

At the same time, Ukraine ranks 14th among the recipients of agricultural products from the European Union. From January to September of this year, Ukraine imported products from the EU for EUR 2.5 billion, which is 19% more than in the same period last year, farmer.pl noted.

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