Ukraine's agriculture commodities export kept record-high in 2020

Published 2021년 7월 5일

Tridge summary

Despite the COVID-19 pandemic, Ukraine managed to sustain high positions in the world rankings of exporters of certain agri-food products in 2020, leading in export volumes of oilseed meal and cake, millet, barley, honey, and rapeseed. The country also saw a record 6.86 million tonnes of sunflower oil shipments. Domestic exporters made a remarkable leap up in honey exports, becoming the second-largest supplier behind China. However, changes in European statistics due to the UK's exit from the EU resulted in Ukraine moving from its traditional third place to the fourth in suppliers of agri-food products to the Union. Despite a decline in rapeseed exports, Ukraine managed to stay the second-largest supplier, and there is potential for the country to consolidate and strengthen its position in target foreign markets in 2021.

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

Original content

In the calendar year (CY) 2020, Ukraine, despite extensive international trade restrictions associated with the COVID-19 pandemic, the coronavirus pandemic, not only managed to sustain high positions in the world rankings of exporters of certain agri-food products, but also took the lead in export volumes of oilseed meal and cake, millet, barley, honey, rapeseed, and other agricultural products, the National Scientific Center Institute of Agrarian Economics reports. According to Bohdan Dukhnytskyi, senior research associate of the Agricultural Production Economy and International Integration Department of the Institute, Ukraine traditionally leads in the exports of sunflower oil. Last CY, shipment of the product reached a record 6.86 mln t. Besides, by increasing sales of oilseed meal and cake (produced mainly from sunflower) from 4.96 mln t in 2019 to 5.52 mln t (+11%) in 2020, Ukraine became the top exporter of these products on the international market. "Ukraine also topped the ...

Source: Latifundist