Business news from Ukraine

Ukrainian agrarians provided country with over $20 billion in foreign currency earnings

4 January , 2023  

Ukraine last year exported, according to preliminary data, agricultural products worth at least $20 billion, which is about half as much as in 2021, Ukrainian Minister of Agrarian Policy and Food Nikolay Solsky said on the air of the national telethon on Wednesday.
He also stressed that this is still a very significant amount, especially taking into account the Russian Federation’s aggression and other circumstances under which Ukraine has performed external deliveries.
Solsky noted that in 2021 most of the foreign exchange earnings went to the Ukrainian agribusiness sector, while in 2022, infrastructure and logistics companies, including foreign ones, received a significant portion of the margin from crop exports.
“The ships that go with Ukrainian grain, insurance services and everything else, because of military risks and the conditions in which we live, have gone up significantly. But it is still the No. 1 item in foreign exchange earnings of the country, and there is a good chance that next year the situation will be similar,” the minister stressed in a video interview.
As reported, according to preliminary data Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka last year Ukraine exported 99.8 million tons of products and goods of all kinds totaling $ 44.1 billion, which is respectively 38.4% and 35% less than in 2021.
Most of the revenue was received from the export of agricultural products – corn at $5.94 billion (+1% compared to 2021), sunflower oil at $5.46 billion (- 14.4%), wheat – $2.6 billion (-44.7%), rapeseed – $1.54 billion (-8.6%), sunflower seeds – $1.26 billion (33 times growth), soybean – $862 million (+43%), poultry – $852 million (+19%).