Ukraine in 2018 exported grain for $7.2 billion, hitting the record, the press service of the Institute of Agrarian Economics national research center has reported.
According to the Institute of Agrarian Economics, grain exports in kind fell by 0.4% in 2018 compared with 2018, to 41.7 million tonnes, and the record revenue is linked to growth of grain prices.
The volume of wheat and barley exports in 2018 fell compared with 2017 to 16.4 million tonnes and 3.6 million tonnes respectively.
At the same time, according to the institute, in 2018, corn exports exceeded the figure for 2017 by 10%, amounting to 21.4 million tonnes. Export of rye also increased fourfold, but its volumes still remain insignificant – about 100,000 tonnes.
According to the Institute of Agrarian Economics, the countries of Asia, Europe and Africa remain the largest buyers of Ukrainian grain. Egypt is the leader with a share of 9.2%, but in 2018 it reduced purchases of Ukrainian grain to $666 million (a fall of 20%).
Spain ranked second for the second year in a row (8.9%), which in 2018 increased the volume of grain purchases to $643 million (a rise of 35%). The top buyers of Ukrainian grain are the following: the Netherlands ($556 million), China ($552 million), Indonesia ($487 million), Saudi Arabia ($449 million), Italy ($336 million), Philippines ($316 million), Tunisia ($290 million), Morocco ($263 million), and Libya ($248 million). In total, these 11 countries formed two thirds of the value of all purchases of grain products, the Institute of Agrarian Economics reported.