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The turnover of trade in agricultural products between Ukraine and the EU amounted to $ 4.6 billion

Published Aug 7, 2020

Tridge summary

In January-June 2020, the turnover of trade in agricultural goods between Ukraine and the European Union decreased by 5.1% to 4.6 billion dollars. US, of which $ 3.0 billion. The United States accounted for exports, and $ 1.6 billion. USA - for import, said Deputy Director of the National Research Center "Institute of Agrarian Economics", Corresponding Member of NAAS Mykola Pugachev.

Original content

At the same time, he noted, the decrease in exports and increase in imports led to a corresponding decrease in the positive balance for Ukraine to 1.4 billion dollars. USA. Six countries remain the largest trading partners for Ukraine in the EU - the Netherlands, Poland, Spain, Italy, Germany and France. Their total share is about 75% of the turnover of mutual trade in agricultural goods, said the expert. According to him, the main volumes of supplies to the European Union are provided by Ukraine at the expense of grain (USD 1,088 million) and oilseeds (USD 145 million), oils and fats (USD 957 million), residues and waste from the food industry. million USD). Mykola Pugachev noted that there is no clear commodity structure in imports to Ukraine from European countries. Tobacco products (USD 130 million), animal feed products (USD 106 million), alcoholic beverages (USD 130 million), various food products, including extracts from coffee, tea, sauces ($ 150 million) and dairy ...
Source: AgroReview
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