Ukraine boosts revenue from meat exports by 1.5 times in nine months

Ukrainian enterprises exported meat products worth US$397 million January through September 2017, which was 1.5 times up year-over-year (y-o-y), according to the press service of the National Scientific Center "Institute of Agrarian Economics."

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"In January-September of 2017, meat exports increased by almost 1.5 times against the corresponding period of 2016, from $271 million to $397 million," the press service said in a statement.

If Russia was the major importer of Ukrainian meat and by-products in 2015, then the bulk of meat exports in 2017 was shipped to the European and Asian countries.

Read alsoUkraine sees reduction in pork, beef output since year's startOver the period under review, the share of Egypt in Ukrainian meat exports was the largest, that is 17.1%. It is followed by the Netherlands (14.3%), Iraq (8.8%), Belarus (8.4%), and Azerbaijan (7.6%). Hong Kong, Germany, Georgia and Kazakhstan remain the major importers of the Ukrainian meat.

As UNIAN reported earlier, Ukraine exported agricultural products worth $13.07 billion in the nine months of 2017, which was 24.3% up y-o-y.

The ministry predicts Ukraine's farm produce exports could grow by 15-20% in 2017 against 2016.

Exports of Ukrainian farm produce rose by 4.5% in 2016 from 2015, to $15.5 billion, the ministry said. Grain crops, vegetable oil, oilseeds, soybeans, sugar, and meat were traditional export-oriented staples. Among key markets were the Asian countries (45.9% of exports, worth $7 billion), the European Union (27.5% of exports, $4.2 billion), Africa (15.7% of exports, $2.4 billion), the CIS countries (7.7% of exports, $1.2 billion), and the United States (0.9% of exports, $45 million).

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