Business news from Ukraine

Ukraine sees 28% rise in agricultural products exports in H1 2017 – ministry

16 August , 2017  

KYIV. Aug 16 (Interfax-Ukraine) – Exports of Ukrainian agricultural products grew by 28% in January-June 2017 year-over-year, to $8.7 billion.

According to a press release of the Agricultural Policy and Food Ministry of Ukraine, in H1 2017 exports of all types of agricultural products rose.

Animals and animal products for $492.5 million were supplied to foreign markets (55% up compared with H1 2016), crops for $4.3 billion (24.5%), including grain crops for $3.3 billion (22.7%), fats and oil for $2.5 billion (27%) and finished food for $1.4 billion (33.6%).

Agricultural products for $1.97 billion were imported to Ukraine in H1 2017, and this was 12% more than a year ago.

Animals and animal products for $311.7 million were supplied to the Ukrainian market (1.3% up compared with H1 2016), fats and oil for $119.8 million (6.6% up) and finished food for $798.1 million (2% up), crops for $742.1 million (a decline of 0.7% year-over-year), including grain crops for $113.2 million (decline of 2.5%).

In general, in H1 2017 the surplus of foreign trade with agricultural products of $6.7 billion was recorded. The share of exports of agricultural products of total Ukrainian exports over the period was 42.1%, the ministry said.