On Thursday 13 April, the European Commission published the latest monthly report on agri-food trade, which shows that EU agri-food trade amounted to €401.5 billion in the year 2022, with a positive trade balance of €58 billion.
Despite the rise in world prices, the volume of trade in agri-food products did not decrease. On the contrary, it increased, according to the Commission’s report.
The EU remains the world’s largest trader of agri-food products.
In 2022, EU agri-food exports reached €229.8 billion, an increase of 31% compared to 2021. Cereals, cereal preparations and milling products have seen the biggest increase in exports.
The EU increased its wheat exports to developing economies. The most important destinations were Algeria (4.9 million tonnes), Morocco (4.1 million tonnes), Egypt (2.9 million tonnes) and Nigeria (2.5 million tonnes).
EU imports increased in value by 32% in 2022, compared to 2021. This represents €172 billion worth of imports. This is largely due to an increase in global prices, particularly for oilseeds and coffee.
Link to the Commission’s report: https://aeur.eu/f/6b2 (Original version in French by Lionel Changeur)