In the first two months of 2026, revenues from agricultural product exports from Ukraine increased by 9.3%, despite nearly unchanged physical volumes compared to the same period last year.
This is reported by Finway
Key Markets and Export Structure
In January-February, Ukraine exported 9.95 million tons of agricultural products worth $4 billion. The physical volumes of exports remained almost at last year’s level, but the currency earnings significantly increased. Representatives of the Ministry of Economy, Environment, and Agriculture explain this by the increase in the share of value-added products, particularly rapeseed oil.
“In January-February 2026, Ukraine exported 9.95 million tons of agricultural products for a total of $4 billion. Compared to the same period in 2025, the physical volumes of exports remained nearly unchanged, while currency earnings increased by 9.3%,” noted Taras Vysotsky, Deputy Minister of Economy, Environment, and Agriculture.
Despite the challenges of wartime, Ukraine’s agricultural sector demonstrates stability in supplying products to foreign markets and increasing currency revenues. Notably, there has been growth in the export of processed products, particularly rapeseed oil. At the same time, the authorities emphasize the need for further diversification of export directions and expanding the geography of supplies.
Export Geography and Dynamics of Major Commodity Groups
The main market for Ukrainian farmers remains the countries of the European Union, which account for about 50% of total currency revenues. An additional 20% comes from countries in the Middle East and North Africa. In recent months, Turkey’s role has significantly increased, with its share in the agricultural export structure reaching 13%, and the monetary value of supplies doubling to $507 million.
Among the largest commodity positions, corn, sunflower oil, wheat, soybeans, and meat traditionally remain. Meanwhile, the export of rapeseed oil increased to $102 million, allowing this product to enter the top ten main export goods of the agricultural sector.
In January-February 2026, corn exports increased by 20% to 5.6 million tons, particularly due to a significant rise in supplies to Turkey. In contrast, wheat exports decreased by 43% to 1.2 million tons, which is related to reduced demand from EU countries due to a high harvest of this crop in 2025.
It is worth noting that since the beginning of 2026, Ukrainian ports have processed over 15 million tons of cargo, of which more than 14.7 million tons are grain crops, highlighting the resilience of the logistics infrastructure even amid war.