On Tuesday 29 November, the European Commission published the latest monthly report on agri-food trade, which shows that both EU agri-food exports and imports increased in August 2022, “leading to the highest point for EU monthly trade flows in 2022 at €35 billion”.
Commission data show that the EU’s trade balance also reached its highest value of the year in the same month, at €5.6 billion. The value of EU exports increased by 6% and imports by 3% compared to July 2022.
The biggest export values in August were for cereal preparations (€1.7 billion), wheat (€1.6 billion) and wine (€1.4 billion). Large shares of EU wheat exports are going to the Middle East/North Africa (MENA) region and to sub-Saharan Africa. In August alone, 2 million tonnes of wheat reached the MENA region (48% of total EU wheat exports) and 1.5 million tonnes arrived in sub-Saharan Africa (34% of total EU wheat exports). In total, the EU exported €148 billion of agri-food products between January and August 2022.
More info: https://aeur.eu/f/4cd (Original version in French by Lionel Changeur)