The development strategy of the Ukrainian economy envisages the stimulation of sectors with high added value, primarily processing enterprises.
Deputy Minister of Economy Nadia Bihun made this statement at an economic forum, as reported by the Ministry of Economy’s press service.
“When forming the strategy for the development of the real sector of the economy, we need to focus on stimulating sectors with high added value. An important sector here is processing… That is why we are trying to increase the share of processing in the GDP structure from the current 10% to at least 20%,” she said.
As an example, the Deputy Minister explained that if we simply sell wheat, then out of the hypothetical $300 per ton of this product, the added value will be only $90. If we process it into flour, the added value increases to $220. If we produce a more complex product like gluten, the additional value will be $550.
The same applies to other products. For instance, if the added value in a cubic meter of wood is only $26, it increases to $190 when turned into plywood, and in case of making fitted furniture, it reaches $290, added Bihiun. She noted that in the context of complicated export logistics, new solutions need to be sought, among which the main focus should be on increasing the added value per unit of exported product.
Source: AgroPortal