EU: Agro trade performs well in 2022 despite challenges
Photo is illustrative in nature. From open sources.
In 2022, EU agri-food exports reached €229.8 billion, up 31% from 2021. The share of cereals increased in total EU exports. These products accounted for 7% of EU exports, with a total value of 16.9 billion euros. In line with its commitment to global food security, the EU is increasing wheat exports to emerging economies. The value of wheat exports increased by 63% year on year, reaching 11.6 billion euros. The most important destinations were Algeria (4.9 million tons), Morocco (4.1 million tons), Egypt (2.9 million tons) and Nigeria (2.5 million tons).
Export of wheat from the EU (million tons, calendar year). Source: European Commission.
One of the main elements of EU exports remains dairy products with exports of 20.4 billion euros in 2022. Pork also remained the largest export MEAT product, with an export value of EUR 13.8 billion last year, despite a 40% decline in demand in the Chinese market.
Import
In 2022, EU imports increased by 32% compared to 2021 to 172 billion euros. This is largely due to rising global prices, especially for oilseeds and coffee. The main category of imported products are oilseeds and protein crops, in 2022 the EU purchased them in the amount of 25.8 billion euros. Soybean imports reached 8.7 billion euros. Corn imports have also risen to offset a domestic decline in EU production.
Read together with it:
- Callas spoke about the EU's joy over new US sanctions against Russia.The European Union welcomes the US "signals" regarding RUSSIA, Kallas said. She called Washington's new sanctions against Rosneft and LUKOIL a "signal of strength" and agreement between Europe and the US. Moscow considers the sanctions illegal.The European Union approves the US imposition of new sanctions against Russia, European Union Foreign Minister Kaja Kallas told reporters. Kallas published ...
- Беларусь и Алтайский край намерены увеличить биржевую торговлю сельхозпродукцией23 октября, Минск. Поставки белорусской мясомолочной продукции в Алтайский край и закупки зерна и семян для аграрного сектора Беларуси определены в качестве магистральных направлений сотрудничества в сфере электронной биржевой торговли. Такая договоренность достигнута по результатам встречи представителей Белорусской универсальной товарной биржи с делегацией деловых кругов Алтайского края, которая...
- Argentine Beef Imports: Challenges for American FarmersOn Sunday , Trump announced that he was considering partial imports of Argentine beef, emphasizing that this would help a "good ally"—Argentina—while lowering domestic MEAT prices . This measure was part of a broader strategy in which his administration approved a $20 billion currency swap to support the Argentine economy. However, as the National Beef Association (NCBA) notes, such an initiative ...
- The EU imposed sanctions against Medvedev's aide and the HSE rector.The sanctions include AvtoVAZ CEO Maxim Sokolov, Medvedev aide Oleg Osipov, HSE Rector Nikita Anisimov, three children's ombudsmen, a North Korean general, and others. In total, the EU has added 21 individuals to the sanctions list .As part of its latest sanctions package, the European Union imposed restrictive measures against individuals, including AvtoVAZ CEO Maxim Sokolov, Assistant to Deputy ...
- Politico learned of a split in the EU over a new €140 billion loan to Ukraine.European countries have still not agreed on the terms of a €140 billion loan to Kyiv to cover the Ukrainian budget deficit and purchase weapons, Politico reports. As the publication notes, France , Italy , and Germany insist that Kyiv use the loan to purchase weapons from European, not American, contractors. The idea was first put forward by German Chancellor Friedrich Merz in an article for the F...
- The European Union has banned the import of motorized toys into Russia.The European Union, in its new 19th sanctions package, has banned the EXPORT of toys and models with built-in motors to RUSSIA, according to a document published in the EU journal. The ban consists of two clauses. The first applies to toys and motorized models made of plastic. The second applies to the same products made of other materials. EU countries approved the 19th sanctions package on Octob...
- The Russian Union of Travel Industry (RUTI) clarified that EU sanctions will not affect Russian tourism.New EU sanctions prohibit European travel companies from organizing trips to RUSSIA for their citizens. This will not affect the operations of Russian tour operators, Georgy Mokhov, Vice President of the Russian Union of Travel Industry, told RBC, commenting on the 19th package of EU sanctions against Moscow. "This measure does not affect the activities of Russian tour operators within the country...