Ukrainian farm machinery exports shrink by 10% in 2019

Exports of Ukrainian-made agricultural machinery in 2019 shrank by almost 10% from 2018, say experts with the National Scientific Center "Institute of Agrarian Economics".

"Ukraine's export opportunities with regard to the main types of agricultural equipment are traditionally significantly lower than import ones. However, supplies from foreign countries in 2019 declined critically, that is, by 9.4%, to merely US$37.6 million," the Center's press service said on its website on April 21.

It is noted that exports of Ukrainian tractors had declined the most, by 60%, to US$3.3 million against US$7.4 million in 2018.

Read alsoUkraine boosts agri-exports to US$5.7 bln in three months

Last year, Belarus was the major buyer of Ukrainian tractors, having paid US$1.1 million, which accounted for 33.3% of Ukraine's total tractor sales.

Next come Romania (US$0.9 million/27.3%), Moldova (US$0.5 million/15.2%), Cuba (US$0.4 million/12.1%), and Israel (US$0.2 million/6.0%).

Exports of seeding machines were most profitable for Ukrainian manufacturers in the past year, having brought US$10.3 million in revenue.