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What goods dominated Ukraine’s exports at the beginning of the year?

Ukraine has a significant imbalance between exports and imports, how does this affect the dollar exchange rate?

Обсяг українського експорту до ЄС 2024 року зріс на майже 6%.

During the first five months of the year, the main volume of commodity exports was occupied by products of plant origin – 34.5%. Inexpensive metals (ferrous and non-ferrous) lost significant volume during the war; now, they are the third largest category, with a share of 10.6%. However, fats and oil exports increased considerably, with their share at 15.9%.

Of the main export products, mineral products (54.9%), ready-made food products (27%), and products of animal origin (14.4%) increased in volume the most so far this year. Exports, in general, increased by 1.7%. At the same time, the volume of exports of plant products fell by 1.7%, wood – by 13.8%, and machinery and equipment – ​​by 51.2%.

The top three importers of our products are Poland, China, and Spain. Spain became the leader after its imports of Ukrainian goods increased by 187% during the year. The primary exported goods to Poland, China, and Spain are fats and oils, food industry waste, ores, slags, and ferrous metals.

 

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