Ukraine: Export of pork for 10 months brought $6.2 million

Published 2024년 12월 2일

Tridge summary

Between January and October of 2024, Ukraine saw a positive trade balance in pork exports, with the country earning $6.2 million from exporting 2.6 thousand tons of pork to the UAE, Bahrain, and Malaysia. The country's pork imports have decreased significantly by 5.7 times compared to the same period in the previous year, amounting to 2.1 thousand tons, primarily imported from Canada, Denmark, and Spain. The Association 'Swine Farmers of Ukraine' is currently working on negotiations to expand export markets to South Korea, Singapore, and Vietnam. The low pork import activity indicates that 2024 might set a record low for pork imports.

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

Original content

In January-October 2024, Ukraine exported 2.6 thousand tons of pork worth $6.2 million. And with such results, foreign trade exceeds imports of this meat. This is evidenced by the data of the State Customs Service. Most domestic pork was supplied to the UAE (74.9%), Bahrain (8%) and Malaysia (4.4%) during the 10-month period. Significant export gains are hindered by limited geography, noted the Association "Swine Farmers of Ukraine" (ASU). Negotiations of experts of the State Production and Consumer Service regarding the coordination of relevant bilateral veterinary certificates with a number of countries, including South Korea, Singapore, and Vietnam, are ongoing. Imports of pork during January-October 2024 decreased by 5.7 times compared to the same period last year, to 2.1 thousand. tons In monetary terms, $5.5 million was spent on imports for 10 months of this year, which is 5.3 times less than for the same period in 2023. During the 10 months of 2024, pork was imported mainly ...

Source: Agrotimes