Business news from Ukraine

Business news from Ukraine

Ukraine reached pre-war level of agricultural exports of $24.5 bln in 2024

4 January , 2025  

In 2024, Ukraine reached the pre-war level of exports of $24.5 billion, accounting for 59% of total exports, the second historical record after 2021, when the country supplied $27.7 billion worth of agricultural products to foreign markets, Minister of Agrarian Policy and Food Vitaliy Koval said on Telegram.

The Minister clarified that in total, Ukraine exported 78.3 million tons of agricultural products in 2024. At the same time, sunflower oil accounted for the largest share (21%), with almost 6 million tons exported for $5.1 billion. Corn was in second place, accounting for 21% of agricultural exports with 29.6 million tons worth $5 billion, and wheat was in third place, with 15%, 20.6 million tons worth $3.7 billion.

Among the leaders, Koval named rapeseed – 7% (3.8 million tons for $1.8 billion), soybeans – 5% (3.4 million tons for $1.3 billion), cake and residues obtained during the extraction of vegetable fats and vegetable oils – 4% (4.7 million tons for $1 billion).

The share of meat and edible poultry products reached 4%. These products amounted to 447 thousand tons worth $958 million. Barley (3.3 million tons worth $557 million) and sugar (746 thousand tons worth $418 million) accounted for 2% each, the Minister of Agrarian Policy summarized.