In 2024, Ukraine's agri-food sector contributed $24.6 billion to the total $41.6 billion in exports, accounting for 59% of total exports. This export activity supports national reserves and stabilizes the hryvnia exchange rate, impacting inflation control. Despite wartime challenges, Ukrainian agricultural exports increased by 12.5% from 2023, equating to $2.7 billion.
High-value-added sectors like meat products saw an 18% increase, surpassing $1 billion in exports. Dairy, eggs, and honey grew by 22%, reaching $0.5 billion, while vegetables and processed products increased by 53%, also reaching $0.5 billion. This suggests potential for growth beyond traditional grains and oilseeds.
Of 24 agri-food categories, 20 experienced export growth, indicating sustainable sector expansion. This growth hints at future prominence for currently niche sectors, potentially altering the export landscape in 5-10 years.
In 2024, the EU accounted for 52% of agricultural exports, a 4.8 percentage point decrease from 2023, as new markets were explored. Key markets include the Middle East ($3.5 billion), Africa ($2.6 billion), Southeast Asia ($2.2 billion), and Asia ($1.8 billion), where Ukrainian products address food security concerns.
Ukraine's agri-food sector shows resilience and strategic growth, expanding export markets and high-value-added products while contributing to global food security. This positions Ukraine for continued transformation and international cooperation.
Source: Interfax-Ukraine
