China imported agricultural products from Ukraine for 1 billion dollars

2017-04-12 12:05:59
Machine translation
China imported agricultural products from Ukraine for 1 billion dollars

China imports Ukrainian sunflower oil, wheat, and soybeans, but domestic beef is considered the most promising product.

 

over the last 5 years, Ukraine 12 times increased exports of agricultural products in China – from 85.7 million dollars in 2012 to 1,024 billion in 2016. The share of Chinese shipments in total exports rose from 0.5% to 6.7%.

 

most of all, in 2016, China buying Ukrainian sunflower oil (24% of total exports), wheat (18%), corn (17%), soy (6%).

 

China is among countries whose development is caused by growth of incomes of the population, primarily middle class. For such dynamics of development is characterized by changing consumer preferences and the shift from consumption of cheap grain cereals and protein products (meat and milk).

 

the Main suppliers of meat in China is Brazil (30%), Uruguay (27%) and Australia (19%). However, the recent scandal with poor quality beef and chicken from Brazil possible reduction in the supply of goods from this country, which will open prospects for entering the Chinese market Australia, India and Ukraine.