Ukraine imports almost a quarter more dairy products than it exports

Published 2024년 9월 12일

Tridge summary

In 2024, the trade deficit in dairy products grew to -$32.6 million, an increase of $1.4 million from the previous year. From January to August 2024, dairy exports rose by 8.3% to $137.3 million compared to the same period in 2023. However, exports of butter and milk fat dropped by 25% in volume, with only a 9% decrease in value due to higher prices. During the same period, import volumes increased by 7.6% to $170 million, resulting in imports exceeding exports by 24% despite the growth in exports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The negative balance in the trade in dairy products increased and reached -$32.6 million, which is $1.4 million more than last year (-$31.2 million). The volume of exports of dairy products in January-August 2024 amounted to $137.3 million, which is 8.3% more than in the same period of 2023 ($126.7 million). Exports of butter and milk fat decreased by 25% in real terms. The decrease in value terms was only 9% due to rising prices for these products in 2024. Import volumes in January-August 2024 reached $170 million, which is 7.6% more than in January-August 2023 ...

Source: MilkUA