In March, Ukraine reduced agricultural exports by 4 times

Published 2022년 4월 5일

Tridge summary

In March 2022, Ukraine saw a significant decrease in exports, exporting only 25% of the volume exported in February, with corn and sunflower oil being the main exports. The country exported 1.1 million tons of corn, 309 thousand tons of wheat, 118 thousand tons of sunflower oil, and 40 thousand tons of soybeans, totaling 5.97 million tons worth $2.7 billion. On the other hand, imports were also greatly affected by the Russian invasion, with a decrease of 67% in import volume and value compared to February. The country is currently facing challenges in exporting grain and sunflower oil due to its ports being blocked, and is seeking free navigation for foreign ships in the Black Sea. Additionally, a foreign dry cargo ship was damaged by Russian shelling in Mariupol, resulting in an injury and a fire on board.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Ministry of Economy, in March 2022 Ukraine exported 1.1 million tons of corn, 309 thousand tons of wheat, 118 thousand tons of sunflower oil and 40 thousand tons of soybeans, which is 4 times less than was exported in February this year. The agency noted that corn and sunflower oil (along with ores and ferroalloys) were the main items of Ukrainian exports in March. In March, Ukraine exported 5.97 million tons of products worth $ 2.7 billion, while in February, 13.1 million tons of products worth $ 5.3 billion were exported, the Ministry of Economy said. At the same time, the Russian invasion caused significant losses to Ukraine's imports. Thus, if in February Ukraine imported 5 million tons of goods worth $ 5.9 billion, in March - only 1.6 million tons worth $ 1.8 billion. The most important import positions for Ukraine now are natural gas, oil, oil products and coal. Exports of grain and sunflower oil were carried out by loading on previously submitted ships, but ...
Source: Graintrade

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.