Experts predict an increase in Ukrainian food exports to China

Published 2021년 5월 20일

Tridge summary

An online workshop by the Chamber of Commerce and Industry of Ukraine highlighted the growing opportunities for Ukrainian food exports to China, driven by demographic changes and increasing income levels in China. Despite a negative trade balance, the bilateral trade between Ukraine and China reached $15.4 billion in 2020. Ukrainian products, including oil, have found a strong market in China due to their quality and high prices. However, Ukrainian producers are working to reduce the sugar content in products to better cater to Chinese preferences.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China's needs in food imports will increase several times in the near future, which should benefit Ukrainian producers and exporters. This was announced during the online workshop "Food Market of China. New unique tools and opportunities to work with China in 2021 for Ukrainian exporters and importers. Practical cases and advice ", conducted by the Chamber of Commerce and Industry of Ukraine, said the president of the" Ukrainian-Chinese Friendship Society "Oleh Sytnyk, Ukrinform reports. According to the expert, such calculations are based not only on demographic forecasts, but also associated with a rapid increase in income of Chinese households. More and more people in China can afford quality European food. "Ukrainian goods, which are already represented on the Chinese market, have found a positive response from consumers. For example, almost every Chinese housewife knows what Ukrainian oil is. This is already a top there and a guarantee of quality. The same applies to many ...
Source: Agrobusiness

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