Who does Ukraine celebrate: it became known which country buys the most of our agricultural products
During the first nine months of 2021, China became the largest buyer of Ukrainian agricultural products, and the total volume of trade in agricultural products between Ukrainian and Asian countries increased by 20%. About this informs agrotrend.
Ukraine can increase its trade surplus to $ 8 billion, primarily due to an increase in domestic exports of $ 1.5 billion, while imports of agricultural products from Asian countries to Ukraine grew by only $ 0.1 billion.
The main collections of Ukrainian agricultural products this year were China, India, Turkey, Indonesia, Saudi Arabia, Iran, Iraq, Pakistan and Israel, the total share of which in the export of domestic agricultural products to Asia was 80%.
Asia is the region’s largest market for agricultural products in Ukraine, the commodity structure of exports to this generally corresponds to the general. Ukraine exports grain and oilseeds, vegetable oils, food and meat processing residues to Asian countries, and imports palm oil, oilseeds, tea, coffee, and exotic fruits.
According to experts from the Institute of Agrarian Economics, in 2021 exports of agricultural products from Ukraine to Asia may exceed the last record $ 10.9 billion, which confirms that there is a steady increase in light agricultural products in this direction over the past 10 years. Moreover, Ukraine is not yet fully using the total potential of the Asian market to export its goods, although the demand for food in the region is actively continuing.
increase, in the first nine months of 2021, agricultural exports brought Ukraine $ 18 billion, which is $ 2.6 billion, or 17% more than in the same period last year.
As you know, the sale of agricultural products in another country in 2020 brought Ukraine $ 22 billion, which is 45% of all exports of Ukraine.
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