The volume rose by over 25% compared to the same period last year, amounting to an additional 9.9 million tons. The total value of these exports increased by $1.4 billion.
Export Volumes and Values
According to the State Customs Service, Ukraine exported 48.9 million tons of agricultural products worth $10.5 billion in the first three quarters of 2024.
Reasons Behind the Export Increase
The primary factor contributing to this growth is the restoration of maritime communication. Currently, 89% of Ukraine's total agricultural exports are conducted via sea transport.
- Maritime Transport: Enabled the substantial increase in export capacity.
- Land Transport: Exporters prefer rail over road, with only 2% of goods moved by road transport.
"Thanks to renewed maritime routes, we've significantly boosted our export volumes," stated a representative from the State Customs Service.
Top Exported Agricultural Products
Grain Crops
- Volume: 42.3 million tons
- Value: $7.1 billion
Grain remains the key export commodity, maintaining Ukraine's position as a major grain supplier globally.
Oil Seeds and Fruits
- Volume: 5 million tons
- Value: $2.2 billion
Seeds and fruits of oil plants constitute another significant portion of agricultural exports.
Import Dynamics
The import scenario shows a different pattern:
- Total Imports: 978,800 tons of agricultural products worth $1.7 billion.
- Transport Methods: 80% by road, 18% by sea, and 2% by rail.
This trend is largely due to imports predominantly coming from European countries.
Major Imported Products
- Edible Fruits and Nuts:
- Volume: 468,000 tons
- Value: $563.8 million
- Vegetables:
- Volume: 194,200 tons
- Value: $246.6 million
- Oilseeds:
- Volume: 50,200 tons
- Value: $346.5 million
Overall Trade Balance
From January to September 2024:
- Total Imports: $51.2 billion
- Total Exports: $30.7 billion
- Trade Turnover: $81.9 billion
