page_title: Economy of Ukraine
section_title: Agriculture
hierarchical_section_title: Economy of Ukraine / Sectors / Agriculture
caption_attribution_description: Українська: Мікротеруар Малої Гори вважається найкращим на Закарпатті
context_page_description: The economy of Ukraine is an emerging free market economy. It grew rapidly from 2000 until 2008 when the Great Recession began worldwide and reached Ukraine as the 2008-2009 Ukrainian financial crisis. The economy recovered in 2010 and continued improving until 2013. From 2014 to 2015 the Ukrainian economy suffered a downturn, with the GDP in 2015 being slightly above half of its value in 2013. In 2016, the economy again started to grow. By 2018, the Ukrainian economy was growing rapidly, and reached almost 80% of its size in 2008.
  The depression during the 1990s included hyperinflation and a fall in economic output to less than half of the GDP of the preceding Ukrainian SSR. GDP growth was recorded for the first time in 2000, and continued for eight years. This growth was halted by the global financial crisis of 2008, but the Ukrainian economy recovered and achieved positive GDP growth in the first quarter of 2010. By October 2013, the Ukrainian economy lapsed into another recession. The previous summer Ukrainian exports to Russia substantially declined due to stricter border and customs control by Russia.
context_section_description: Although typically known as the industrial base of the Soviet Union, agriculture is a large part of Ukraine's economy. In 2008 the sector accounted for 8.29% of the country's GDP and by 2012 has grown to 10.43% of the GDP. Agriculture accounted for $13.98 billion value added to the economy of Ukraine in 2012, however despite being a top 10 world producer of several crops such as wheat and corn Ukraine still only ranks 24 out of 112 nations measured in terms of overall agricultural production. Ukraine is the world's largest producer of sunflower oil, a major global producer of grain and sugar, and future global player on meat and dairy markets. It is also one of the largest producers of nuts. Ukraine also produces more natural honeythan any other European country and is one of the world's largest honey producers, an estimated 1.5% of its population is involved in honey production, therefore Ukraine has the highest honey per capita production rate in the world.  Because Ukraine possesses 30% of the world's richest black soil, its agricultural industry has a huge potential. However, farmland remains the only major asset in Ukraine that is not privatized. The agricultural industry in Ukraine is already highly profitable, with 40-60% profits, but according to analysts its outputs could still rise up to fourfold. Ukraine is the world's 6th largest, 5th if not including the EU as a separate state, producer of corn in the world and the 3rd largest corn exporter in the world. In 2012 Ukraine signed a contract with China, the world's largest importer of corn, to supply China with 3 million tonnes of corn annually at market price, the deal also included a $3 billion line of credit extension from China to Ukraine.
  In 2014 Ukraine total grain crop was estimated to be record 64 million metric tons. However, in 2014 several regions have declared (themselves) independence (and are no longer under control of Ukrainian central authorities) resulting in the War in Donbass and the Crimea Crisis, hence the actual available crop yield was closer to 60.5 million metric tons. By October Ukrainian grain exports reached 11 million metric tons. Due to the decline of the metallurgy industry, Ukraine's top export in prior years, as a result of the War in Donbass agricultural products accounted for the nation's largest exported set of goods.
  In March 2020 Ukraine's parliament lifted (the previously in place) ban on the sale of farmland. The land market should be opened by 1 July 2021. 
  Ukraine also produces some wine, mostly in the South-Western regions.
caption: Vineyards in Zakarpattia Oblast.
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