Key Highlights:
Export Statistics: Agro-food products accounted for 64% of Ukraine's total exports in the first six months of 2024. This was reported by the Institute of Agrarian Economics.
Major Markets: The primary markets for Ukrainian agricultural products remain the European Union, Asia, and Africa, collectively representing nearly 94% of the export value.
- European Union: EU countries were the largest market, purchasing over 50% of Ukrainian agro-food exports worth $6,285 million, a 4% increase from the previous year.
- Asia: Exports to Asia amounted to $3,909 million, representing a 9% decrease from the same period in 2023. Asia's share was over 31% of the total agro-food exports.
- Africa: Exports to Africa reached $1,475 million, a 1.7 times increase from the previous year, accounting for 12% of total agro-food exports.
Top Importing Countries:
- Spain: Leading importer, purchasing $1,518 million worth of agricultural products, holding a 12% share.
- China: Second-largest importer with $946 million in purchases, accounting for approximately 8%.
- Turkey: Third place, importing $926 million worth of products, more than 7% of the total export value.
- Other significant importers included Egypt ($910 million), the Netherlands ($831 million), Poland ($733 million), Italy ($632 million), Romania ($582 million), Germany ($471 million), and India ($351 million).
Key Export Products:
- Grain Crops: $5,264 million
- Oils and Fats: $3,079 million
- Oil Crops: $1,061 million
- Residues and Waste of Food Industry: $821 million
- Meat and Offal: $505 million
- These products collectively made up 86% of Ukraine's agro-food export revenue.
Conclusion
The substantial contribution of agro-food products to Ukraine's exports underscores the agricultural sector's critical role in the nation's economy. With significant markets in the EU, Asia, and Africa, and leading importers like Spain and China, Ukraine continues to strengthen its position in the global agricultural market.
