The turnover of trade in agricultural products between Ukraine and the EU reached $ 8.4 billion

Published 2021년 11월 25일

Tridge summary

Ukraine has seen a positive balance in its agricultural trade with the European Union, with domestic exports increasing by $ 0.8 billion more than procurement from EU member states, leading to a balance of $ 2.4 billion. The Netherlands, Poland, Germany, Italy, Spain, and France are the main trading partners, accounting for 71% of the turnover of mutual trade in agricultural goods. Domestic exporters have fully utilized duty-free export quotas for supplies to the EU of several agricultural products. The increase in agricultural exports is due to higher prices in the global market for grain and oilseeds and expectations of a good harvest.

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Original content

This was announced by a senior researcher at the Department of Economics of Agricultural Production and International Integration of the National Research Center "Institute of Agrarian Economics", Ph.D. Bohdan Dukhnytsky. At the same time, he noted, the positive balance for our country grew to $ 2.4 billion, as the increase in domestic exports (+ $ 0.8 billion) outpaced the increase in procurement from representatives of EU member states (+ $ 0.5 billion). The largest trading partners for Ukraine in the EU are six countries - the Netherlands, Poland, Germany, Italy, Spain and France. The combined share of these countries is about 71% of the turnover of mutual trade in agricultural goods. Obviously, the potential in this area for other countries of the group for Ukraine is far from exhausted, said Bohdan Dukhnytsky. As of mid-October, in 2021, domestic exporters have already fully used duty-free export quotas for supplies to the European Union of honey, apple and grape juice, ...

Source: Agravery