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Ministry of Agrarian Policy and Food.
Ukraine will be able to export 20 million tonnes of agricultural products by the end of this year. Commercial director of the Spike Brokers brokerage company, Oleksandr Solovei, said that for six months of the current marketing year, an average of up to four million tons of agricultural products will be shipped monthly. "Today's pace of shipment by all transport types tells us that exports will be in sufficient quantity. It is even possible to reach the mark of 20 million tons by the end of 2023," the expert noted. At the same time, an increasingly important factor for the Ukrainian agricultural producer is the need to plan sales for more than six months in the direction of the European market, as since the Russian invasion, 60-70% of Ukrainian agricultural exports are exported to or transit through the EU.
Ukraine increased natural sunflower oil exports by 40%, but revenue fell.In January-September, Ukraine increased the export of sunflower oil by 40.3% compared to the corresponding period last year, up to 4.09 million tons. In monetary terms, exports decreased by 5.8% to $3.72B. According to the State Customs Service, the main export destinations were made to Turkey, with 18.44% of supplies in monetary terms, Romania (16.59%), and China (12.15 %). As for imports, the largest item in this segment remained the import of palm oil. However, the volume of export decreased by 21.6% and revenue by 32.5%: 64,410 tons were delivered to Ukraine per $82.46M.
Ukrainian sugar will be allowed to enter Hungary after Budapest amends food ban. Hungary will import Ukrainian sugar again after amending its list of prohibited Ukrainian agricultural products, the Hungarian government said in a resolution on Oct. 9.
Ukraine ranks second among honey suppliers in EU in 2022 Ukraine’s share of honey imports to the EU in 2022 was 24%, which allowed it to take second place among exporting countries, Beehive reported on Facebook, citing Eurostat data and the European Federation of Honey Packers and Distributors (F.E.E.D.M.)
5.2.2 Current account dynamics
Ukraine’s current account switched to a deficit of $0.758bn in September 2023 from a surplus of $1.688bn in the corresponding month of the previous year, as the goods & services gap expanded to $2.849bn from $685bn amid a sharp drop in exports since Russia's invasion, and the secondary income surplus shrank to $2.035bn from $2.517bn. Also, the primary income surplus narrowed to $0.772bn from $1.016bn in September 2022.
43 UKRAINE Country Report November 2023 www.intellinews.com