In 2022, for the first time, Romania bought the most Ukrainian oilseeds and Poland purchased vegetable oil

Published Mar 2, 2023

Tridge summary

In 2022, Ukrainian agricultural exports saw a significant increase, with a 54% rise in seeds and oilseeds exports reaching nearly $3.8 billion, driven by higher deliveries of rapeseed, soybeans, and sunflower. The main markets were Asia and Europe, with the European Union purchasing over three-quarters of the oilseed supplies. There was a shift in the top buyers, with Romania, Turkey, and Poland becoming the leading importers of Ukrainian oilseeds, while Germany's share decreased. Despite a decrease, sunflower oil remained a key export, with Poland becoming the top buyer, surpassing India. Together, Poland, Turkey, Romania, and other countries contributed over 75% of the value of Ukrainian oil exports.

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

Original content

In the commodity structure of Ukrainian agricultural exports, crop products traditionally predominate. The main products in it, in addition to grains, are oilseeds, vegetable oil and products of their processing. According to the State Customs Service of Ukraine, in 2022, the value of exports of seeds and oilseeds amounted to almost 3.8 billion dollars. USA. This is 54% more than in 2021, said the Deputy Director of the National Scientific Center "Institute of Agrarian Economics". Quantitative volumes of deliveries of the main commodity items of the products of this group to foreign markets in total increased approximately twice. The export of rapeseed in physical terms increased from 2.7 million tons in 2021 to 3.1 million tons in 2022, and soybeans, respectively, by 0.9 million to 0.9 million dollars. the growth in sunflower exports has become multiple - from 0.08 million tons in 2021 to 2.8 million tons in 2022, the scientist informed. According to him, the main buyers of ...

Source: Oilworld