Ukraine among top 5 largest exporters of agricultural products to EU
Ukraine entered the top five countries that exported agricultural products to the EU between November 2017 and October 2018.
The European Commission published the relevant data in the report “Monitoring EU Agri-Food Trade: Development until October 2018.“
“Agri-food imports from third countries in the 12-months period between November 2017 and October 2018 accounted for EUR 115.2 billion… The most important origins for EU agri-food imports over the past 12 months (EUR billion) remain Brazil (12.0) and the USA (11.5), followed by China, Argentina, Ukraine, Switzerland, Turkey and Indonesia, each accounting for between EUR 4.4 and 5.5 billion,” the report says.
At the same time, the volume of Ukrainian imports to the EU between November 2017 and October 2018 decreased slightly compared to the same period of 2016-2017, from EUR 5.390 billion to EUR 5.123 billion, with an absolute decline in agricultural supplies to the EU in the amount of EUR 226 million (-4.9%).
At the same time, Ukraine ranked first in terms of growth in agricultural imports from the EU countries.
“Major gains in annual values (EUR million) have been achieved in agri-food exports to Ukraine (+272; +16%), Japan (+269; +4%), Singapore (+227; +10%) and Algeria (+142; +6%). The USA remains by far the largest market for EU agri-food exports, although a slight decrease was recorded over the past 12 months (-116; -0.5%),” the report notes.