Ukrainian agricultural exports are approaching pre-war levels

Source:  UkrAgroConsult
экспорт зерно

The export of agricultural products from Ukraine amounted to 7.2 million tons in November, crossing the mark of 7 million tons for the first time since the war. This was announced by the Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka on his Facebook page.

He noted that the specified volume is “very close to pre-war January, when agricultural exports were 7.8 million tons.”

“The traditional export leaders are corn (2.5 million tons), wheat (1.76 million tons), ore (783 thousand tons – less than 1 million tons for the first time since the beginning of the year), rapeseed (529 thousand tons), sunflower oil (483,000 tons — an increase of 28,000 tons compared to October), sunflower seeds (398,000 tons), soybeans (384,000 tons),” Taras Kachka clarified.

The geography of exports remains traditional — $2.63 billion was sent to the EU. In imports, the EU is also a key supplier — $2.36 billion.

In general, exports in November remained at the same level as in October — $3.83 billion and 9.12 million tons. The changes amounted to +$25.8 million and -93 thousand tons, which is a slight change within 1 percentage point, added Taras Kachka.

Imports, according to him, increased by $228 million and reached $4.8 billion. The main factors of import growth were petroleum products, which were imported by 672,000 tons — by 111,000 tons more, as well as generators, on which Ukrainians spent $119 million — in 2.5 times more than in October.

“Among the interesting trends, imports from China continue to grow: $936 million, very close to the pre-war level,” shared Taras Kachka.

Tags: , , , , , ,

Got additional questions?
We will be happy to assist!

What You Need to Know about Black Sea Region.

The latest on what’s moving agro markets, in your inbox