Ukraine has increased oil exports by a third

Published Nov 18, 2021

Tridge summary

From January to September 2021, Ukraine saw a 36% increase in oilseed exports compared to the same period in the previous year, totaling $1.409 billion. Rapeseed was the highest contributor, with $1.063 billion in revenue, followed by soybeans bringing in $293 million. The European Union, particularly Germany, remained the primary importer, accounting for over 60% of exports. Additionally, vegetable oil exports increased by 18% year-on-year to $4.674 billion, largely due to oil exports, which increased by $0.6 billion to $4.3 billion compared to the same period in 2020.

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Original content

In January-September 2021, Ukraine exported oilseeds totaling $ 1.409 billion, which is 36% more than in the same period a year earlier. This fact was emphasized by Bohdan Dukhnytskyi, a senior researcher at the Department of Economics of Agricultural Production and International Integration of the NSC "Institute of Agrarian Economics", the press service of the center reported. "According to the results of the first nine months of this year, the leading position in terms of exports of this group is rapeseed - 1.7 million tons worth $ 1.063 billion. Export sales of 0.5 million tons of soybeans brought domestic agricultural producers revenue of $ 293 million," said the expert. A characteristic feature of January-September 2021, Dukhnytsky called the preservation of the influence of the European vector in domestic exports of oilseeds - in general, EU member states purchased in Ukraine more than 60% of the products of this group. "Germany continues to hold the leading position in the ...

Source: AllRetail.ua