COMMODITY STRUCTURE OF EXPORT AND IMPORT OF AGRICULTURAL AND FOOD PRODUCTS

Abstract

In the article we analyze the state of development of the domestic agrarian sector of the economy and the tendency of the formation of export batches of products. The current pace of development of the agrarian sector shows that the production of agricultural products is growing faster than the growth of domestic demand, which necessitates the search for new trading partners. This provides an opportunity for expanding foreign markets, receiving currency revenues into the country's economy. We analyzed the commodity structure of the export and import of agricultural and food products. The top 10 agro-food export and import products for 2018 are identified. We have investigated the specifics of trade in agrarian products with the countries of the European Union. We found that the main products of Ukrainian agroexport, which were put on the EU market are cereals and oilseeds. Growth of exports to the EU countries also occurred due to an increase in the supply of niche, processed and prepared food products. As a result of our research, we analyzed the current state of agricultural markets and found that global trends in food consumption (population growth) and non-food use of oilseeds (feed and biodiesel), causes the problem of internal satisfaction of individual needs in many countries of the world, causes significant investments in this branch in Ukraine.