Ukraine is among the top three exporters of agricultural products to the EU: leaders and dynamics

Ukraine continues to confidently occupy the third place among the key suppliers of agri-food products to the European Union market, second only to Brazil and Great Britain. This is evidenced by the data of the analytical report of the European Commission, which evaluates the trade in agricultural goods for the first six months of 2024.

According to the report, the share of Ukraine in the import of agricultural products to the EU in the first half of 2024 increased by 2% or 124 million euros compared to the same period last year. Such an increase demonstrates the stable growth of the Ukrainian agricultural sector, which continues to be an important player on the European market.

In general, the import of agro-food products to the EU during this period amounted to 13 billion euros. In addition to Ukraine, among the countries with the largest increase in exports to the EU, it is worth noting Côte d'Ivoire, which increased its exports by 951 million euros (+46%), which is mostly due to the increase in cocoa prices. Imports from Nigeria also increased significantly, adding 473 million euros (+132%).

Tunisia also showed a significant increase in exports to the EU by 107%, largely due to increased olive oil supplies. This product, in particular, remains a key factor in the growth of imports from this region.

However, not all countries were able to maintain their positions on the European market. Thus, the import of agricultural products from Australia decreased by 843 million euros (-46%), which is due to a decrease in rapeseed volumes. Brazil, despite maintaining its leading position, also experienced a decrease in exports by 634 million euros (-7%).

As for the exports of the EU itself, in the first six months of 2024 it reached 116.4 billion euros, which is 1% more than in the same period of 2023. The European Union recorded the largest increase in exports to the USA, in particular due to higher prices for olives and olive oil, which added 1 billion euros (+8%).

Exports to China, on the other hand, fell by 9% (-€689 million) due to reduced supplies of staples such as pork, dairy products and grains.