The value of oilseeds exports from Ukraine reduced in 2018

The value of oilseeds exports from Ukraine, by the data of the State Fiscal Service, amounted to USD 1.9 billion in 2018, 6 pct less than in 2017. This is reported by Nikolai Pugachev, the deputy director of the National Scientific Center Institute of Agrarian Economics, NAAS corresponding member.

He commented on the volume of oilseeds supplies, noting their decline by 7.5 pct to 4.8 million tons. Asia, Europe and Africa remain the key importers of oilseeds and vegetable oils.

“2018 was marked by strengthening of the European Union's position in oilseeds import. The main importers in the indicated period are Germany (17.6%), Turkey (16.5%), Belgium (14.9%), France (6.7%), Belarus (6.6%) and the Netherlands (5.2%). There were also supplies delivered to Poland, Iran and Italy,” Nikolai Pugachev said.

In 2018, Ukraine's export earnings stood at 78 pct.

As previously reported, foreign trade turnover of agricultural products between Ukraine and the EU in 2018 increased by 11.4 pct and exceeded USD 9 billion, of which USD 6.3 billion accounted for exports.

The new infographic guide Agribusiness of Ukraine 2017/18 is available by the link.