Ukrainian agricultural exports to EU grew by 38%

Investing in Ukraine agriculture: krainian agricultural exports to EU grew by 38%

Over the first eleven months of 2017, #Ukrainian #agricultural #companies #exported 38.2% more agricultural #products to the #EU #countries compared to the same period of the previous year. In 2017, the main exports to the EU included #cereals, #vegetable #oils, and oil #seeds. The #Netherlands, #Spain, #Poland, #Italy and #Germany were among the largest #European #export #partners of #Ukraine.

Visit our website if you are interested in #doing business in Ukraine or looking for new #investment opportunities

In January-November 2017, exports of Ukrainian agricultural products to the EU countries grew by 38.2% compared to the same period in 2016, as stated in the press release of the Ukrainian Ministry of Agrarian Policy and Food published on its website. According to the Ministry, agricultural exports to the EU amounted to USD 5.2 billion.

According to the press release of the Ministry, during this period Ukraine has mainly exported cereals (USD 1.4 billion), vegetable oils (USD 1.3 billion), and oilseeds (USD 0.9 billion).

In addition, Ukraine observed an increase in exports of such products as malt extracts, flour products, groats (by USD 31.7 million), baked goods, confectionery (by USD 15.4 million), butter (by USD 12.4 million), casein (by USD 11.9 million), chocolate and other cocoa-containing products (by USD 7.9 million).

The top 5 export partners of Ukraine among EU countries, where foods were imported over the first 11 months of 2017, were the Netherlands (share of 18.4% of total agricultural exports), Spain (14.4%), Poland (13.3%), Italy (11.8%), and Germany (10.3%).

By contrast, in 2016, there was a small increase in Ukrainian agricultural exports to the EU. For example, their number for the full year 2016 amounted to only USD 4.2 billion.

Another positive sign is the increase in the number of Ukrainian companies selling their products to the EU. Around 13,000 Ukrainian companies already export their goods to the countries of the European Union, which is 40 percent more than on the date of entry into force of the Free Trade Agreement between Ukraine and the EU. This shows that more and more Ukrainian companies enter the EU market.

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