Ukraine this year earned $ 1.4 billion less from grain exports than a year earlier

Ukraine

Published Jul 18, 2023

Tridge summary

Ukraine exported more grain in the 2022-2023 marketing year compared to the previous period, but earned less by $1.4 billion, according to Minister of Economy, Yulia Sviridenko. Sunflower oil was the leading export, with Turkey, Romania, China, India, and Poland being the top buyers. Wheat was exported to 65 countries, with Turkey, Romania, Spain, Bangladesh, and Poland being the main buyers. Ukrainian corn was purchased by 58 countries, with China, Romania, Spain, Egypt, and Italy being the top buyers. Overall, exports of grains, oilseeds, vegetable oils, and meal from Ukraine increased by 10% compared to the previous year.

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Original content

Ukraine exported more grain in the 2022-2023 marketing year than in the previous period, but earned less by $1.4 billion, said Minister of Economy of Ukraine Yulia Sviridenko. “Although Ukraine exported more grain in the 2022-2023 marketing year, it earned less than in the previous period — $20.7 billion versus $22.1 billion in 2021-2022,” she said in an interview with the Ukrainian version of Forbes magazine. According to the minister, sunflower oil became the leader in exports, it was bought by 131 countries of the world. Among them, Turkey (19.3%), Romania (12.1%), China (11.9%), India (7.2%) and Poland (7.2%) bought the most oil. According to the head of the department, Ukraine exported wheat to 65 countries. "The top 5 countries where Ukrainian wheat is exported include Turkey (21%), Romania (15.8%), Spain (14%), Bangladesh (6.2%) and Poland (5.5%)", - Sviridenko cited the figures. According to her, Ukraine sold more than 1 million tons of wheat to Bangladesh in a year. ...

Source: Kvedomosti