The turnover of agricultural trade between Ukraine and the EU during 9M 2017 amounted to US$ 5.8 billion

In January-September 2017, the turnover of agricultural trade between Ukraine and the European Union amounted to US$ 5.8 billion, which is 31.2% more than in the same period in 2016.

This is reported by Nikolai Pugachev, the deputy director of the National Scientific Center Institute of Agrarian Economics, NAAS corresponding member.

Positive for Ukraine balance amounts to US$ 2.6 billion, which is US$ 1 billion more than last year.

According to him, the volume of imports of agri-food products from the EU countries to Ukraine for the first 9 months of 2017 increased by 11.4% compared to 2016. In the value measure, it amounted to US$ 1.58 billion.

"The volume of Ukrainian agro-food export to the EU countries only for 9 months of 2017 has already reached the level of the whole 2016 and amounted to US$ 4.2 billion. The largest trade partners for Ukraine in the EU are 6 countries: the Netherlands, Spain, Poland, Italy, Germany and France. Their cumulative share is about 75%," Nikolai Pugachev commented.

Grains and oilseeds form the biggest volumes of supplies, as well as sunflower oil and oilcake.

Ukraine imports from the EU grain, oilseeds, cocoa beans and chocolate, various food products, alcohol and alcoholic beverages, processing waste and tobacco products.

Earlier it was reported that in July additional trade preferences were agreed for Ukraine by the European Union for the period of 3 years.