Business news from Ukraine

Business news from Ukraine

Ukraine’s agricultural sector earned $24.5 bln in 2024, setting second historical record

2 January , 2025  

In 2024, the Ukrainian agricultural sector set a second historical record of $24.5 billion in foreign exchange earnings from the export of agricultural products, Minister of Agrarian Policy and Food Vitaliy Koval said in an interview with Ukrainian Radio.

“To summarize the 24th year, it brought us the second best result in terms of foreign exchange earnings from exports. We set the second historical record – the country received $24.5 billion from the export of agricultural products. This is a good indicator,” he said.

The Minister recalled that the best year in terms of foreign exchange earnings from agricultural exports was 2021, when the agricultural sector earned $27.7 billion due to a good harvest.

Koval noted that compared to 2023, the agricultural sector’s foreign exchange earnings from exports increased by more than $2 billion.

“I think 2024 was a year of resilience for the entire agricultural sector. Ukrainian agrarians withstood, persevered and proved to be the best. The fact that we harvested a good crop, 75 million tons of grains and oilseeds, despite the mined land and hostilities is a good result, given that the year was dry and we had to admit the loss of yields. But in general, Ukraine has not only resisted, but also increased its agricultural power,” the Minister of Agrarian Policy summarized.