Situation of China's pesticides trade with Ukraine and Russia
Since the outbreak of the Russia-Ukraine conflict, the international trade and agricultural production were affected. As the price of the crude oil surged, the high cost of producing some major intermediates has pushed up the production cost of pesticide. In Ukraine, crop yield has been hit hard, affecting the country's demand for China's pesticides; with evaluation on factors like safety and profitability, Chinese enterprises are thinking to slow down pesticide exports to Russia.
China has been an active partner of Ukraine and Russia in trading of pesticides for years. In 2021, China's total trades with Ukraine and Russia saw a yearly increase, up by 29.7% and 35.9%, respectively. Regarding to imports from Ukraine, iron ore and agricultural products topped the list by value, while for imports from Russia, energy products led.
In this report, CCM will do analysis of China's pesticides trade with Ukraine and Russia from the following aspects:
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