Over 8 months of 2017 export of Ukrainian agro-products increased by 25%

For 8 months of 2017, the export of Ukrainian agro- and food products increased by $2.3 billion, or 24.5%, compared to the same period in 2016 and amounted to almost $11.5 billion.

This is reported by Olga Trofimtseva, Ukrainian Agrarian Policy and Food Deputy Minister for European Integration.

"In this period, Ukraine basically exported the following groups of products: sunflower, safflower or cottonseed oil with a share of 26.25% of total agro-export, corn — 20.34%, wheat and wheat blend — 12.87%, poultry — 2, 29% and others," the Deputy Minister noted.

According to her, the top five key buyers of Ukrainian agro-products for this period are India, which exported goods worth $1.3 billion, Egypt — $986.1 million, the Netherlands — $762.8 million, Spain — $731.6 million and China — $631.8 million.

"The EU countries occupy the second place in the regional structure of our agricultural exports. At the same time, our exports to the European market increased by 37.3%, or by $988 million over the reporting period, and amounted to $3.6 billion," noted Olga Trofimtseva.

She added that in the overall structure of foreign trade turnover of agricultural products, the EU share amounts to 35.2%.

"It is interesting to note the increase in exports to the EU countries of processed products such as vegetable oil, export of which increased by 19.7% and reached $1.01 billion. We also observe growth in poultry meat and co-products — $80.3 million with the increase of 80.7%," the Deputy Minister noted.

She also added that these topical statistics provide an opportunity to forecast an increase in the annual cost of Ukrainian exports of agrarian and food products by 15-20%.