Ukrainian agricultural exports to EU grow by quarter

Friday, July 1, 2016 - 13:52 (EEST) Section: Latest news

Exports of agricultural products from Ukraine to the European Union in January-May 2016 increased by 24% year-over-year (y-o-y) to $1.8 billion, while the total volume of agricultural products export was worth $5.7 billion, according to Deputy Agrarian Policy and Food Minister Vladyslava Rutytska.
”Exports of agricultural sector`s output account for 41.8% of total exports, making up $5.7 billion. Ukrainian exporters have already shipped to the EU agricultural products worth a total of $1.796 billion. Exports during the period under review rose by 23.9% compared with the previous year,” Rutytska wrote on Facebook.
The deputy minister noted that revenue from the export of Ukrainian agricultural products to the EU grew by 2.4% compared to the previous year, while foreign trade turnover was up by 4.3%.
Asian countries accounted for 43.6% of total exports in January-May 2016, with exports revenue from shipments in this area amounting to $2.5 billion.
As UNIAN reported earlier, exports of Ukraine`s agricultural products in 2015 amounted to $14.6 billion, while imports renewed the country`s record at $11.1 billion. At this, 45% of exports went to Asian countries, 28.2% – to the EU, 13.6% – to Africa, and 10% – to the CIS countries.
Grains were the core of the commodity structure of Ukrainian agricultural exports with 16% of total shipments abroad, while fats and oils comprised 9%, and oil crops – 4%.