Agricultural products turnover between Ukraine and EU about $7.5 bln

11.11.2019 - 14:31

In January-September 2019, the agricultural products turnover between Ukraine and the European Union made up $7.5 billion, which is by 23% more compared to the relevant period in 2018, according to the National Scientific Center Institute of Agrarian Economics (IAE).

"In January-September 2019, the trade turnover of agricultural products between Ukraine and the European Union grew by 23%, to a record high $7.5 billion. The positive balance totaled $3.2 billion,” reads the report.

The top seven trade partners of Ukraine in the EU remain the same: the Netherlands, Spain, Poland, Italy, Germany, France, and Belgium. In particular, the significant share in the ranking belonged to Belgium, with which the volume of Ukraine’s mutual trade in agricultural products grew by 19% compared to the relevant period last year, up to $401 million. The total share of these seven countries makes up about 4/5 of the total agricultural products turnover.

The key export items supplied to the European Union’s markets were grain, oilseeds and sunflower oil and remnants of the processing industry.

In January-October 2019, domestic exporters fully used duty-free quotas for supplies of honey (main and additional quotas), sugar, barley and flour, processed starch, canned tomatoes, apple and grape juices, corn (main and additional quotas), wheat, poultry, and butter.

Source: Ukrinform

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