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28
February
2023

Proceeds from export of Ukrainian grain to Romania in 2022 up by almost 700 times due to war – IAE

KYIV. Feb 28 (Interfax-Ukraine) – Last year, Romania became the largest importer of Ukrainian grain crops with a share of 13.6% of the total cost of supplies of this commodity group, in just a year this country increased its import volumes 690 times compared to 2021, to $1.24 billion from $1.8 million.

As reported on the website of the Institute of Agrarian Economics (IAE) on Tuesday, due to Russian aggression in Ukraine and restrictions on maritime exports of agricultural products through the Black Sea ports, Romania became the largest buyer of Ukrainian grain, although in 2021 it was not even included in the top 20 of its importers.

According to the institution, in 2022 China lost its leadership to it, since 2020 it has confidently held the lead in the top ten largest grain importers from Ukraine. In total, China accounted for 12.1% of Ukrainian grain exports in 2022.

In addition, in 2022, Turkey shifted to fourth place in the list of main consumers of Ukrainian grain with a share of 9.6%, losing third place to Spain, which share increased to 10.8%.

According to the IAE, the list of major importers of domestic grains also includes Poland (with a share of 7%), Egypt (5.9%), Italy (4.4%), Hungary (4.4%), the Netherlands (3.7% ), and South Korea (2.1%).

Together, the above ten countries formed about 74% of the value of all grain purchases in Ukraine in 2022.

“Over the past decade, Ukraine has significantly increased the volume of grain exports. Last year, 38.5 million tonnes of domestic grain were exported to foreign markets. This is 42% more than in 2012, although 32% less than in the record-breaking 2019,” deputy director of the IAE Mykola Puhachev is quoted in the message.

According to the Institute, the total proceeds from the export of Ukrainian grain last year reached $9.1 billion. In terms of crops, 25 million tonnes of corn were exported (1% more than in 2021), 11.2 million tonnes of wheat (44% less), 2.1 million tonnes of barley (41% less) and 53,000 tonnes of rye (61% less).