In 9 months, the turnover of trade in agricultural products between Ukraine and Asian countries exceeded 10 billion dollars
Ukraine
Published Dec 1, 2021
Tridge summary
In January-September 2021, the turnover of trade in agri-food products between Ukraine and Asia increased compared to last year's figures for the corresponding period by 20% and reached $ 10.0 billion. USA, informed the Deputy Director of the National Research Center "Institute of Agrarian Economics", Academician of NAAS Mykola Pugachev. At the same time, he noted, the positive trade balance for our country was increased to $ 8.0 billion. USA.
Original content
This was due to the growth of domestic exports (+1.5 billion US dollars), which exceeded the growth of imports from countries in the Asian region (+0.1 billion US dollars). China, India, Turkey, Indonesia, Saudi Arabia, Iran, Iraq, Pakistan and Israel are the main trading partners for Ukraine in Asia in the context of exports this year. In total, these countries accumulate more than 4/5 of the value of our sales in this region. As food suppliers, the largest purchasers are domestic importers in Turkey, Indonesia, China and India, which account for 76% of all Asian imports. As Asia is the largest market for Ukrainian agri-food products, the commodity structure of our exports in this region fully reflects the general one. It is represented mainly by cereals and oilseeds, oil, food processing residues and meat products. Instead, Ukraine imports mainly exotic fruits, palm oil, oilseeds, tea and coffee from Asian countries. According to the forecasts of scientists from the Institute of ...
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