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The total value of EU agri-food trade was 28.3 billion in February 2022, an 18% increase compared to the same month last year. Exports rose by 11% to 16.6 billion, while imports grew by 30% to reach 11.7 billion, reflecting a trade balance of 4.9 billion. This marks an increase of 52% compared to January 2022.
For livestock, beef and veal exports increased by 28% year on year. Pigmeat exports fell by 20%. Of the 27 product categories, pigmeat is the only one to see a decline in export value year on year.
Agri-food exports to China fell sharply in the first two months of the year, decreasing by 836 million or 28%. This was primarily caused by an 856 million or a 66% reduction in exports of pigmeat to the country year on year.
Cereal preparations and milling products was the top export category in January and February with €3.1 billion exported.
Oilseeds were the primary import category in January and February, with imports growing by 41% year on year to reach a value of over 5 billion.
Prior to Russia’s military aggression, imports from Ukraine had grown more than those from any other country in the first two months of the year (up 96% year on year). Imports of cereals, vegetable oils and oilseeds increased in both value and volume, with an additional 1.4 million tonnes of cereals being imported compared to the same period in 2021.
May 31, 2022/ European Commission/ European Union.
https://ec.europa.eu
