Tuesday, 15 November 2016

Ukraine agricultural exports reach $10 billion

Ukraine’s Ministry of Agriculture report that over the first nine months of 2016 the country exported $10.4 billion worth of agricultural products.

This represents around 40% of total exports highlighting the significance farming has in the re-developing Ukrainian economy and is up slightly on the same period last year when they exported $10.2 billion worth of agricultural products.

Ukraine’s State Statistics Service report that from January to September this year, the largest export sector was plant products worth $5.5 billion representing around 21% of the total exports including $4.2 billion of cereals (16% of total exports).

Fats and oils of animal or vegetable origin came in next with $2.7 billion worth of exports accounting for around 10% of total exports, finished food products worth $1.6 billion (6.2% of total exports) and $0.5 billion (2.1%) worth of live animals and animal products.

During the same period Ukraine imported $2.78 billion of agricultural products representing 10% of total imports leaving a positive balance of trade of agro products of $7.6 billion.