Ukraine imports almost a quarter more dairy products than it exports

Published 2024년 9월 11일

Tridge summary

Between January and August of 2024, Ukraine experienced a 7.9% increase in dairy product foreign trade volume compared to the previous year, totaling $307 million. Despite this growth, the country faced a negative trade balance of $32.6 million due to higher import volumes. Dairy product exports rose by 8.3% to $137.3 million, although there was a 25% decrease in butter and milk fat exports, which was less pronounced in value terms due to price increases. Import volumes also grew by 7.6% to $170 million. However, exports still trail behind imports by 24%, leading to concerns about the sustainability of this trade dynamic.

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

Original content

During January-August 2024, the volume of foreign trade in dairy products increased to $307 million, which is 7.9% higher than last year's figure of $285 million. This was reported by the Union of Dairy Enterprises of Ukraine. The negative balance in dairy products trade 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). The export of butter and milk fat decreased by 25% in natural terms. The decrease in value terms was only 9% due to the increase in the prices of these products in 2024. Import volumes in January-August 2024 reached $170 million, which is 7.6% more than in January-August 2023 ($158 million). Import dynamics: There is a significant decrease in ...

Source: Agropolit