Ukraine exports more agriculture

Ukraine exports more agriculture as it should given its comparative advantage. Exports of vegetable products from Ukraine (sectors 6-14 HS ) in January-February 2009 grew by 460% in comparison to the same period of the previous year. Export of cereals grew almost 10 times.

However, the overall export dropped by almost 40%. This happended because exports of iron and steel (sector 72 HS) which contributes a third to the overall export dropped 50%.

As a results the share of iron and steel in total export dropped from 35% to 29% and the share of agriculture and food grew from 13% to 25%.