Головна Market News Exports of wheat flour since the beginning of the year amounted to...

Exports of wheat flour since the beginning of the year amounted to about $12.5 million

According to the State Fiscal Service of Ukraine, during the first two months of 2017, Ukrainian exporters supplied to the foreign markets slightly less than 60 KMT of wheat flour. The aggregate value of these supplies exceeded $ 12.54 million.

Ukraine: foreign trade indicators of wheat flour

 

Export

Import

Foreign trade balance

 

thous. $

t

thous. $

t

thous. $

t

2012

51 001

156 719

2 753

3 876

48 248

152 843

2013

71 177

214 057

2 462

3 080

68 715

210 977

2014

72 355

247 176

1 723

2 493

70 632

244 683

2015

69 093

304 015

1 250

524

67 843

303 491

2016

74 356

368 940

541

1 079

73 815

367 861

2017 Jan-Feb

12 541

59 709

87

231

12 454

59 478

Given the small volumes of imports over the same period, the balance of foreign trade in wheat flour for the first two months of 2017 was positive and amounted to $12.45 million in monetary terms.

Over the past five years, the foreign trade in wheat flour has generated revenues of about $341.7 million and shows a positive trend. If in 2012 foreign trade operations with this product provided a net income of $48.25 million, then by the end of 2016 this figure reached $73.82 million.

In turn, according to ProAgro, the key importers of wheat flour of Ukrainian production in 2016 were the countries of Asia, in particular China and Korea, which in 2016 accounted for more than 31% of the total exports of such products. On the third place by the value of imports is neighboring Moldova (8.2%). It should be noted that the geography of export of wheat flour of Ukrainian production is very wide.

Export of wheat flour of Ukrainian origin: key importers

Country

Volume of exports, KMT

% in total exports

Avg. price, $/t

China

83,5

22,6%

200

Korea

31,5

8,5%

208

Israel

30,3

8,2%

201

Palestine

28,7

7,8%

197

Moldova

28,3

7,6%

219

Panama

26,9

7,3%

187

Angola

21,3

5,8%

198

Libya

18,3

5,0%

222

UAE

16,2

4,4%

193

Somali

15,5

4,2%

193

Other

69,2

18,7%

202

Total

369,7

100,0%

202

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