The turnover of trade in agricultural products between Ukraine and the EU amounted to $ 4.6 billion

Published 2020년 8월 6일

Tridge summary

The trade in agricultural goods between Ukraine and the European Union saw a decrease of 5.1% in the first half of 2020, amounting to $4.6 billion. The United States was the largest export market, with imports and exports totaling $3.0 billion and $1.6 billion respectively, leading to a positive balance of $1.4 billion. The six leading EU trading partners for Ukraine, accounting for 75% of the trade turnover, include the Netherlands, Poland, Spain, Italy, Germany, and France. Ukraine's exports to the EU were primarily grain, oilseeds, oils and fats, and food waste, while imports were diverse with tobacco products, animal feed, alcoholic beverages, and various food products. Domestic exporters in Ukraine have utilized the annual quotas for several products, but it is expected that significant changes in trade volumes may occur in the latter half of the year due to new harvest seasons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In January-June 2020, the turnover of trade in agricultural goods between Ukraine and the European Union decreased by 5.1% to 4.6 billion dollars. US, of which $ 3.0 billion. The United States accounted for exports, and $ 1.6 billion. USA - for import, said Deputy Director of the National Research Center "Institute of Agrarian Economics", Corresponding Member of NAAS Mykola Pugachev. At the same time, he noted, the decrease in exports and increase in imports led to a corresponding decrease in the positive balance for Ukraine to 1.4 billion dollars. USA. Six countries remain the largest trading partners for Ukraine in the EU - the Netherlands, Poland, Spain, Italy, Germany and France. Their total share is about 75% of the turnover of mutual trade in agricultural goods, said the expert. According to him, the main volumes of supplies to the European Union are provided by Ukraine at the expense of grain (USD 1,088 million) and oilseeds (USD 145 million), oils and fats (USD 957 ...
Source: AgroReview

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