Ukraine in 2021 increased the export of rapeseed by 67.8%
Ukraine in 2021 increased the export of rapeseed seeds in monetary terms by 67.8% compared to 2020 – to $ 1.69 billion, but reduced soybeans by 12%, to $ 0.61 billion, follows from the generalized statistics released on the website of the State Customs Service (GTS).
Total exports of products from group No. 12 of the Ukrainian classification of goods for foreign economic activity (UKT VED) “Seeds and fruits of oil plants; other seeds, fruits and grains; technical or medicinal plants; straw and fodder” last year increased by 32.2% compared from 2020 – up to $ 2.44 billion.
During this period, Ukraine also exported flax seeds for $ 17.4 million (an increase of 2.3 times), oilseeds for sowing by $ 14.8 million (-16.6%), oilseeds for medicine and perfumery for $ 20.6 million. (+ 12.3%). The largest part of the revenue in this group of goods was generated by the export of rapeseed (69.3%) and soybeans (25%).
In 2021, Ukraine increased imports of goods from the UKT FEA group No. 12 by 16% compared to 2020 – up to $ 450 million. Including imports of sunflower seeds amounted to $ 244 million (-40%), rapeseed – $ 71.2 million (growth 2 times), oil seeds for sowing – $ 58.9 million (+ 7.6%), peanuts – $ 41.1 million (+ 5.6%).
Thus, over the past year, Ukraine’s positive balance from trade in goods of group No. 12 amounted to $ 1.99 billion, which is 36.5% more than in 2020.
Trade-in these goods in 2021 became the sixth destination for Ukraine in terms of foreign exchange earnings after trading in ferrous metals (total sales of $ 13.96 billion), cereals ($ 12.35 billion), ore ($ 7.13 billion), vegetable oils and fats, animal origin ($ 7.05 billion), electrical equipment and machinery ($ 3.09 billion).
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