Trade in agricultural products between Ukraine and the EU for the first half decreased by 5.1%

Published 2020년 8월 6일

Tridge summary

The trade of 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, as reported by the Institute of Agrarian Economics. The Netherlands, Poland, Spain, Italy, Germany, and France were the main trading partners, accounting for 75% of the trade. The main exports included grain, oilseeds, oils and fats, while imports had no clear commodity structure. Despite a decrease in the first half of the year, experts believe that the volume of trade is likely to change in the latter half of the year.

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, according to the Institute of Agrarian Economics (IAE). Of the total turnover of trade in agricultural products between Ukraine and the EU, $ 3 billion fell on exports, $ 1.6 billion - on imports. The Netherlands, Poland, Spain, Italy, Germany and France remain the largest trading partners for Ukraine in the EU. Their total share in the trade turnover of agricultural products is about 75%. In the first half of 2020, Ukraine provided the main volumes of supplies to the European Union at the expense of grain ($ 1,088 million) and oilseeds ($ 145 million), oils and fats ($ 957 million), residues and waste from the food industry ($ 227 million). Imports to Ukraine from European countries do not have a clear commodity structure, the IAE said. In January-June 2020, Ukraine purchased the most dairy products ($ 131 million), alcoholic beverages ($ ...

Source: Agropolit