Ukraine boosts agri-exports by almost a quarter, to $15.6 bln

At the same time, agricultural imports reached $3.9 billion, which is 10% y-o-y. REUTERS

REUTERS

Exports of Ukrainian agricultural products in January-September 2019 increased by 22% against the same period last year and amounted to $15.6 billion, the press service of the Ukrainian Club of Agricultural Business Association said.

“Over the nine months of this year, exports of agricultural products from Ukraine amounted to $15.6 billion, which is 22% more than in the same period last year,” the report says.

The press service noted that agri-imports over the reporting period reached $3.9 billion, which is 10% more year-on-year.

According to the Association, in January-September 2019, the share of agri-food products in the structure of total exports of goods from Ukraine amounted to 42.1% compared to 37.1% last year, while the share of agricultural products in the structure of imports amounted to 9.6%, which meets last year’s performance.

“In general, the foreign trade balance of agricultural products of Ukraine amounted to $11.7 billion, which indicates that Ukraine is a net exporter of these products,” the press service said.

In the commodity structure of exports, deliveries of crop products increased the most – by 36%, or $2.4 billion. It is noted that an increase in exports of these products was mainly due to an increase in corn exports by 61%. Exports of finished food products were up 12%.

The press service added that in the commodity structure of imports of agricultural products, purchases of livestock products increased by 14% due to imports of cheese and frozen fish. Imports of crop products climbed 11% y-o-y due to the purchase of fruit and onions.

Imports of finished food products increased by 9% due to purchases of raw tobacco and pastries.

As UNIAN reported earlier, foreign trade in agricultural products in 2018 increased by $1.7 billion to $24.3 billion. In particular, the export of Ukrainian agricultural products amounted to a record $18.8 billion, and imports – to $5.5 billion.

(C)UNIAN 2019

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One comment

  • Wow, the picture of the old truck and the relatively small tractor takes me back to the 70s.
    Obviously Ukraine will benefit from land reform and foreign investment.
    If they have boosted exports by one quarter, imagine what can be done with modern and most importantly, responsible farming methods.

    Liked by 1 person

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