Ukraine increases export of agricultural products by over 14% – Mylovanov

Ukraine increases export of agricultural products by over 14% – Mylovanov

In January 2020, Ukraine increased the export of agricultural and food products by 14.3% compared to January 2019, according to Minister of Economic Development, Trade and Agriculture of Ukraine Tymofiy Mylovanov.

"Our export of agricultural products is growing ... In January 2020, Ukraine exported to the foreign markets agricultural and food industry products worth USD 2 billion, which is 14.3% more than in January 2019," Mylovanov wrote on Facebook.

The minister noted that the share of agricultural products and food industry products in the total export of Ukrainian goods made up 47.7%.

According to Mylovanov, the main share of agricultural exports includes grain crops, fats and oils; prepared edible fats; waxes (48% and 22.9% of the total export volume of agricultural and food products, respectively).

During the reporting period, Egypt became the leader in the import of Ukrainian crops (44.4% of wheat exports and 15% of corn exports).

Sunflower oil was mainly imported by India (25.1% of the total oil export), the Netherlands (13.9%), and China (13.9%).

Mylovanov said that the Government planned to allocate UAH 455 million for the current year and the next three ones in order to support exporters and increase the export potential of Ukraine.


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