Corn and sunflower oil will be the leaders in agricultural exports from Ukraine in 2022

Published 2023년 1월 4일

Tridge summary

In 2022, despite the war, Ukraine exported 99.8 million tons of goods worth $44.1 billion, with corn and sunflower oil being the leading exports. Despite a decrease in volume and value compared to 2021, corn exports increased by 1%, and sunflower seed exports saw a significant increase due to oil extraction plants reaching capacity. Wheat and poultry meat exports also declined, but revenue increased. The European Union was the largest recipient of Ukraine's exports, receiving 63% of the total, with Poland, Romania, and Hungary being the top recipients. Turkey and China were the largest non-EU markets, but exports to both countries saw significant decreases. Import volume decreased by almost half, but the value decreased by only 19.6%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last year, during the war, Ukrainian business exported 99.8 million tons of goods worth $44.1 billion, Deputy Minister of Economy — Trade Representative of Ukraine Taras Kachka said on his Facebook page. “Under normal conditions, trade indicators could appear catastrophic, because the value of exports is 35% lower than in 2021. And physical volumes have decreased by 38.4%,” he clarified. Among goods, the leader in terms of money (and volume) is corn. Exports amounted to 24.99 million tons worth $5.94 billion. Although by 1%, this is more than in 2021, which is a sensation against the background of all indicators, according to the deputy minister. “Sunflower oil is the second place in terms of export value: $5.46 billion. Reduction compared to 2021 in money -14.4%, and in volume -16.3% (4.29 million tons). At the same time, it should be taken into account that sunflower seeds made it into the top 10. We exported 2.7 million tons worth $1.255 billion. This is 33 times more than last ...

Source: UkrAgroConsult