Ukraine is reducing the trade deficit: sunflower oil is again among the export leaders

Source:  UkrAgroConsult
соняшникова олія
UkrAgroConsult

The deficit in trade in goods is decreasing. In the first half of September, Ukraine exported products worth $1.818 billion and imported $1.929 billion.

This was announced by the Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka on his Facebook page.

“The deficit is only $111 million. In August, this deficit amounted to $1.05 billion. Sunflower oil ($230 million), corn ($174 million), rapeseed ($166 million), and wheat ($147 million) are traditionally among the export leaders. A new record for electricity — $131 million in half a month,” he clarified.

Kachka added that in the first half of September, Ukraine exported 4.1 million tons of cargo, of which 871,000 tons were ore, 805,000 tons of corn, and 669,000 tons of wheat.

According to the types of transport, 2 million tons were shipped by sea.

“But at the same time, the cost of sea cargo is $662 million, commensurate with road cargo — $651 million. Despite the fact that the weight of these cargoes is three times smaller — 585,000 tons,” the expert adds.

The EU continues to be the main export destination: $1.24 billion out of $1.81 billion is exports, Taras Kachka added.

“That is why we need economic integration into the EU internal market, as Ursula von der Leyen spoke about. But these are all figures for only half a month. The main news is a minimum deficit of 111 million tons. This means that trade is becoming balanced,” he concluded.

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