BUSINESS NEWS

FEEDING THE WORLD: Ukraine establishes new agricultural export record in 2018

The Business Week/UkraineInvest
Monday, 28 January 2019 15:57

Ukrainian agricultural exports grew 5% or USD 880 million year-on-year in 2018 to reach USD 18.8 billion, which is a new record for the country.

The two largest growth markets for Ukrainian agricultural exports were Asia and Europe, reflecting the broadening export horizons of Ukrainian agribusinesses in recent years since the 2014 Euromaidan Revolution and the closure of Russian markets to most Ukrainian exports.

For the second consecutive year, Ukraine’s biggest single agricultural export market in 2018 was India, accounting for USD 1.8 billion or just under ten percent of all exports.

Behind India in the top five were China (USD 1.2 billion), the Netherlands (USD 1.2 billion), Spain (USD 1.04 billion) and Egypt (USD 888 million).

Ukraine’s key agricultural exports in 2018 were grains, accounting for 38% of overall volumes, and vegetable oil (23%).

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