The value of Ukraine’s agri-food exports to the European Union increased by 27%, or EUR 1.2 billion, to EUR 5.52 billion in 2017. Together with Indonesia, it is the most significant increase of EU imports from a third country, according to the latest monthly trade report published by the European Commission on February 19.
Main origins for EU agri-food imports over the past 12 months are Brazil (EUR 11.8 billion), the USA (EUR 11.0 billion), Argentina (EUR 5.7 billion), followed by Ukraine, China, Indonesia, Switzerland and Turkey, each accounting for between EUR 4.5 and 5.5 billion. Shipments from the EU to Ukraine increased by more than EUR 200 million in the last twelve-month period. In general, the value of EU agri-food exports reached EUR 137.9 billion in 2017, corresponding to a sustained increase by 5.1% in value terms compared to 2016. Major gains in annual values have been achieved in agri-food exports to the USA (+6%), Russia (+16%) and several Asian markets: Japan (+11%), China (+5%), Hong Kong (+10%) and South Korea (+13%).
The sectors of wine, pet food and spirits and liqueurs performed very well in terms of exports over the last 12 months. On the other hand, wheat and other cereals and pig meat exports decreased. EU agri-food imports also increased but at a slower pace than exports meaning that the trade balance for agri-food products remains positive with an export surplus at EUR 20.5 billion.