Ukraine Exports 54.4% of the World's Sunflower Seed Oil
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Russia's invasion of Ukraine has the potential to disrupt food supplies. Besides being one of the world's largest wheat producers, Ukraine also dominates sunflowerseed oil exports.
According to Tridge data, Ukraine's sunflowerseed oil exports reached US$4.71 billion in 2020. This accounts for 54.4% of total world exports.
Russia, the country invading Ukraine, had export values of US$1.63 billion, representing 18.8% of total world exports.
Other countries have market shares below 10%. Netherlands' exports were recorded at US$485.3 million, Bulgaria at US$293.1 million, and Argentina at US$272.66 million.
India was the main destination for Ukraine's sunflowerseed oil exports. In 2020, Ukraine exported US$1.44 billion worth of oil to India.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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