For 9 months of 2021 Ukraine increased export revenue of the agricultural sector by 17%
For 9 months of 2021, Ukraine generated $ 17.7 billion in export earnings from the sale of agricultural products, 17% higher than the same indicator last year. At the same time, the share of the agro-industrial sector in total Ukrainian exports for the specified period amounted to 36%.
62% of the generated revenue comes from the sale of 3 main items: sunflower oil, corn and wheat. It is these positions that have grown significantly in value over the past year and have attracted large revenues. This is followed by rapeseed, barley, cake from the production of sunflower oil and chicken.
The main countries-buyers of Ukrainian agricultural products were China, which provided 16% of exports from Ukraine for a total of $ 2.9 billion, India – 8% ($ 1.4 billion) and the Netherlands – 7% ($ 1.2 billion). In total, they generated 31% of Ukrainian export earnings from the sale of agricultural products for 9 months of 2021. China and India are the world's largest importers of food products, as they have significant population growth rates and significant demand for such products.
Aggregate shipments of agricultural products to the EU countries for 9 months of 2021 account for 30% of all export earnings. At the same time, the largest importing countries of Ukrainian agricultural products were:
- Netherlands – 7% ($ 1.2 billion),
- Poland – 4% ($ 0.7 billion),
- Spain – 4% ($ 0.6 billion),
- Germany – 3% ($ 0.5 billion),
- Italy – 2% ($ 0.4 billion).