Ukraine increased the export of poultry meat and by-products by 7.7% to 359,540 tonnes in January-October 2020 compared to the same period in 2019, the State Customs Service said.
According to its data, the export of these products decreased in monetary terms by 2.3% to $468.53 million.
At the same time, the import of poultry meat and by-products decreased by 16.3% to 90,920 tonnes in 10 months this year, in monetary terms by 12.3%, to $37.96 million.
According to the State Customs Service, pork export increased by 29.1% to 2,310 tonnes. These products were exported for $5.09 million, which is 28.7% more than in January-October 2019.
Pork import to Ukraine increased by 16.5% to 23,820 tonnes in 10 months 2020, in monetary terms by 21.2%, to $47.26 million.
In addition, during the specified period, Ukraine reduced the export of eggs by 18.2% to 96,130 tonnes, in monetary terms by 8.4%, to $85.93 million.
Import of eggs fell by 44.5% to 2,490 tonnes in January-October 2020, in monetary terms by 50%, to $8.84 million.
As reported, Ukraine in 2019 increased the export of poultry meat and by-products by 26% to 414,500 tonnes compared to 2018, import by 0.6%, to 131,200 tonnes. Pork export increased by 28.6% to 2,300 tonnes, while import decreased by 18.8% to 23,200 tonnes.
National bank of Ukraine’s official rates as of 09/11/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of November 09
One troy ounce=31.10 grams
Prime Minister of Ukraine Denys Shmyhal has said that $1 trillion of GDP in 10 years is Ukraine’s unrealized potential.
“$1 trillion of GDP in 10 years is the unrealized potential of our country. $1 trillion was lost by all citizens of the country due to constant changes in vectors, unfinished reforms, lack of a long-term economic strategy, corruption, and poor governance,” Shmyhal said during the presentation of the country’s economic audit and vectors of economic development until 2030 in Kyiv on Friday.
Prime Minister of Ukraine Denys Shmyhal expects that the opening of a land market in the country will bring $85 billion of additional GDP in 10 years, and the average cost of land per 1 ha will increase fivefold.
“Ukraine has underutilized its land potential of $85 billion. In 29 years, free disposal of land has been limited, which means that its value has been underestimated several times. During this time, more than 5 million hectares of land have disappeared from the state. Development of irrigation and investment in agriculture has slowed down for decades, and partially stopped at all,” the prime minister said during the presentation of the Audit of the Ukrainian economy and vectors of economic development until 2030 in Kyiv on Friday.
PM: $1 trln of GDP in 10 years is unrealized potential of Ukraine.
The unrealized potential of Ukraine in the use of water resources is estimated at $12 billion, while the potential of using forest resources is at $40 billion, Prime Minister Denys Shmyhal has said.
“We had to expand the area of our forests and use wood mainly for the development of our own furniture production. Only a change in the guidelines for the export of raw materials to the production of our own products will give the country at least $40 billion in 10 years,” the prime minister said during the presentation of the audit of the Ukrainian economy and vectors of economic development until 2030 in Kyiv on Friday.
According to Shmyhal, water resources have $12 billion of underutilized potential.
“Ukraine has ignored the development of hydropower for years. We use only half of this potential. We use the potential of aquaculture, the development of fisheries. We use only a quarter. Irrigation is developed less than 20% of what it should be. For example, an effective irrigation system in the southern regions of Ukraine would give an opportunity to increase harvests by 2.5-3 times and this is also an untapped potential that will give the country additional GDP,” the prime minister said.
Ukrainian PM predicts growth in cost of farmland fivefold in 10 years, $85 bln of extra GDP.
