Business news from Ukraine

Business news from Ukraine

Ukraine’s agricultural exports in March reached $2.1 bln – 58% of country’s total exports

9 April , 2025  

In March, Ukraine’s agricultural exports totaled 5.4 million tons worth $2.1 billion, with the share of agricultural products accounting for 58% of the country’s total exports of $3.6 billion, with corn and sunflower oil being the key items, the Minister of Agrarian Policy and Food reported on Telegram.

According to the report, the top 5 categories of Ukrainian agricultural exports include corn – $514 million (2.4 million tons), sunflower oil – $503 million (441 thousand tons), wheat – $254 million (1.1 million tons), soybeans – $150 million (370 thousand tons), and poultry meat – $95 million (41 thousand tons).

The minister emphasized that compared to last year’s March, the value of exports increased by $87 million (+4%). This became possible due to the continued strong position of more marginal products (sunflower oil, soybeans, poultry) in the export structure and the overall growth of prices for agricultural products.

“The agricultural sector remains the backbone of the Ukrainian economy, providing more than half of the country’s foreign exchange earnings in times of war. Our producers continue to demonstrate competitiveness in the global market, and the Ministry is consistently working to diversify markets and expand the export potential of the processing industry,” Koval said.

According to him, the average export prices for basic commodities in March 2025 per ton were as follows: corn – $215, sunflower oil – $1,141, wheat – $225, soybeans – $407, poultry – $2,300. This price environment on world markets contributed to an increase in the value of Ukrainian agricultural exports.

At the same time, there has been an increase in exports of certain types of processed foods. In particular, exports of bakery products increased by 24% compared to March 2014 to $29.5 million (+$7.7 million), butter – by 254% to $9.87 million (+$7.3 million), and cheese – by 32% to $5.3 million (+$1.4 million).

The main trading partners in March were Turkey ($270.8 mln), Italy ($171.1 mln), Spain ($170.4 mln), Egypt ($162.4 mln) and the Netherlands ($121.6 mln).