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Ukraine has a well-developed industrial base and rich farmlands. The country also has quite a lot of mineral resources which are drawn on for both local use and exportation.
The main exports from Ukraine are ferrous and nonferrous Metals / Steel,Coal, chemicals, machinery, fuel and petroleum products, transport equipment and food products such as Barley, Corn, Wheat, Oil Seed, Sunflower Oil.
More than 60% of the exports goes to other former Soviet Republics countries with Russia, Kazakhstan and Belarus being the most important. Others include Turkey and China. This page provides the latest reported value for - Ukraine Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ukraine Exports - actual data, historical chart and calendar of releases - was last updated on August of 2018.
Currently the country's gross domestic product is an estimated 121.4 billion. Some 64.29 billion was made from Ukrainian exports last year alone.
Currently Ukraine’s main export partners are Russia, Germany, Turkey, Italy and the USA.
As things stand, Ukraine is seeing a lot of financial gain from exports. The country has immense agricultural, mineral and industrial resources which it continues to draw on and profit from. Despite suffering eight years of economic decline, Ukraine has emerged as a country of immense economical importance. Since the turn of the century the country's economic growth averaged 7.4% a year, The high rate of poverty has begun to drop as personal incomes continue to rise. Ukraine's currency has remained fairly stable all in all, the country’s economy has improved in leaps and bounds. Ukraine is now recognized as having the potential to become a major European economy.
Ukrainian exports have certainly helped the country’s economy to stabilize over the past few years. Besides the country’s major exports mentioned above, the country is involved in many spheres of commerce. Crop farming, timber harvesting, coal, ironstone, complex ore and mineral deposit mining are major contributors to the country’s GDP. Grain, sugar and sunflower seeds are the main agricultural yields. Besides metals and oil products the country is also involved in producing coke, fertilizer, airplanes, turbines, metallurgical equipment, diesel locomotives and tractors.
Due to currency declining value in Ukraine in the recent years, most top exporting companies in the US & Europe finding a golden opportunity to buy Ukrainian high quality products and maximizing their bottom numbers.
Contact us now, we can help you to get your hands on the products you need at the lowest price. Take advantage of the low Ukrainian currency value. Buy more, Pay less, maximize your profits.
LARGEST BUYERS OF UKRAINIAN GRAIN – EGYPT, CHINA, SPAIN, INDONESIA, THE NETHERLANDS 20 JULY , 2018
Exports of grain crops in the 2017/2018 marketing year (July 2017 through June 2018) totaled 39.4 million tonnes and amounted to $6.4 billion, according to the State Fiscal Service of Ukraine. The largest buyers of Ukrainian grain in this period were Egypt ($ 724 million, with a share of 11.4%), China ($594 million, 9.3%), Spain ($459 million, 7.2%), Indonesia ($375 million, 5.9%) and the Netherlands ($348 million, 5.5%).
In particular, Ukraine exported 17.8 million tonnes of maize worth $2.86 billion (China’s share was 16.4%, Egypt accounted for 13.6%, and the Netherlands for 12.2%). Exports of wheat totaled 17.2 million tonnes worth $2.83 billion (Indonesia with 13.3%, Egypt with 11.8%, and Bangladesh with8.7%); while exports of barley stood at 4.3 million tonnes worth $0.64 billion (Saudi Arabia with 41.2%, China with 19.3%, and Libya with 6.6%).
As noted, 99% of all grain was shipped by sea (39 million tonnes). The ports of Chornomorsk (formerly Illichivsk) accounted for 22% of all grain shipments by sea, the port of Odesa accounted for 19%, Yuzhny for 19%, and Mykolaiv for 18%. At the same time, 306,000 tonnes (0.8%) was exported by rail and almost 80,000 tonnes (0.2%) by road.
Ukraine in the 2016/2017 marketing year exported 43.8 million tonnes of grain, the Ukrainian Ministry of Agrarian Policy and Food earlier reported.