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

Published 2021년 11월 25일

Tridge summary

The trade in agricultural goods between Ukraine and the European Union experienced a 20% increase in the first nine months of 2021, reaching a value of $8.4 billion, according to Bohdan Dukhnytsky, a senior researcher at the National Research Center 'Institute of Agrarian Economics'. This surge is attributed to a rise in domestic exports, which exceeded the increase in imports from the EU by $0.8 billion and $0.5 billion, respectively. The Netherlands, Poland, Germany, Italy, Spain, and France are the primary trading partners. Many duty-free export quotas for products like honey, apple and grape juice, barley groats and flour, canned tomatoes, processed starch, quarterly eggs, and poultry have already been fully utilized this year. The growth is largely due to higher global prices for cereals, oilseeds, and the anticipation of a good harvest.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In January-September 2021, the turnover of trade in agricultural goods between Ukraine and the European Union increased compared to last year's figures for the corresponding period by 20% and reached $ 8.4 billion. 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 increased 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 total share of these countries is about 71% of the turnover of mutual trade in agricultural goods. Obviously, the potential in this area for the rest of the grouping countries ...
Source: Agrobusiness

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