May 9, 2022
 

Value of EU agri-food trade rose 25% last January

The total value of EU agri-food trade reached a value of €28.3 billion (US$29.8 billion) in January 2022, a 25% increase compared to the same period last year and a 16% increase on the three-year average.

Exports reached €15.8 billion (US$16.6 billion), while imports were valued at €12.5 billion (US$13.1 billion), representing increases of 16% and 38% respectively.

While pigmeat remains the fourth-strongest export sector, pigmeat exports in January 2022 decreased by 19% (-€233 million, or -US$245.2 million) compared to last year to reach €996 million (US$1 billion).

The European Union's top export category was cereal preparations and milling products. In January 2022, this sector increased its export value by €203 million (US$214 million).

Concerning imports, the value of oilseed and protein crop imports stood at over €1.7 billion (US$1.8 billion) in January 2022. These products accounted for 14% of all agri-food imports in 2021.

Prior to the war in Ukraine, agri-food imports from the country had grown by 88% year on year in January 2022 to reach a value of €1 billion (US$1.1 billion). This was mainly driven by imports of cereals, which grew by €258 million (136%; US$271 million).

- European Commission