Exports of Ukrainian agricultural products to European Union countries in 2021 increased in monetary terms by 33% compared to 2020, reaching $8.3 billion due to an increase in the supply of agricultural products in foreign markets and its rising prices, according to a publication on the website of the Ukrainian Club of Agro-industry (UCAB) on Wednesday.
According to UCAB, the peak months for Ukraine’s agricultural exports to the EU were December ($1 billion), October ($0.98 billion) and November ($0.97 billion). dollars). The lowest export rates were recorded in July ($0.48 billion), April ($0.49 billion) and March ($0.5 billion).
In 2021, nine duty-free export quotas to the EU were also fully utilized, namely for honey, cereals, flour, starch, processed starch, processed tomatoes, grape and apple, chicken eggs, poultry meat (parts) and processed grain products.
“Compared to 2020, the situation has changed with the use of quotas for the supply of sugar and maize to the EU, or rather with their incomplete use. As for sugar, last year the quota was used up to 87% due to a shortage in the domestic market of this product. At the same time, the corn quota was only used at 5% due to the increased demand for this type of grain and the availability of more attractive export channels for Ukrainian farmers,” said UCAB, citing its analyst Svitlana Lytvyn.
In addition, UCAB stated that as of January 18, 2022, Ukraine has fully used the first quarter quotas for the export of eggs and poultry meat to the EU, as well as the annual quota for poultry meat. export of honey.
As noted, Ukraine in 2020, under a Free Trade Area Agreement (FTA) with the EU, fully utilized 11 quotas for duty-free export of agricultural products, while in 2019, there were 12.
AGRICULTURAL PRODUCTS, EXPORT, UKRAINE, USA