The latest monthly agri-food trade report shows imports and exports of EU agri-food products for the year 2022.
EU agri-food trade (exports + imports) totalled EUR 401.5 billion, of which exports amounted EUR 229.8 billion and imports reached EUR 171.8 billion. The 2022 EU trade balance summed up to EUR 58 billion.
This is evolution of trade resulted from an unprecedented rise in global prices over the year for a large number of commodities. EU imports increased more (+EUR 41.6 billion) than exports (+EUR 31.7 billion). As a result, the EU net trade balance decreased by EUR 10 billion vis-à-vis 2021. This is mostly due to an increase in the prices of primary agricultural commodities, notably coffee and soya meals. These two categories are the most important imported products in 2022, reaching EUR 12.8 billion and EUR 8.7 billion.
On the export side, cereal preparations and wine are the two main export products (EUR 19.8 billion and EUR 17.7 billion, respectively). The steepest increase in export values has been recorded for wheat (+63% year-to-year, reaching EUR 11.6 billion). This increase in exports has been also due to an increase in volumes exported.
