In January 2024, exports reached €18.4 billion that month, partly due to increased prices of olives, olive oil, and cereal preparations. Imports were worth €13.4 billion. As a result, the EU agri-food trade surplus reached €5 billion, a 27% increase from January 2023. These are the main findings of the latest monthly agri-food trade report […]
Rare earths trade increased in the European Union by 2022
In 2022, the EU witnessed a significant increase in the import of rare earth elements (REE+). A total of 18 thousand tonnes were imported, a 9% increase from 2021, and 7 thousand tonnes exported, a decrease of 8% compared with the previous year. The value of imports surged to €146 million, marking a 37% rise compared with 2021, while exports […]
The EU doubled its imports of green energy products by 2022
Clean energy is a fundamental part of the European Green Deal. In pursuit of this, green energy products such as wind turbines, liquid biofuels and solar panels are required. Utilising these energy products also reduces the energy import dependencies highlighted by Russia’s invasion of Ukraine. In 2022, the EU spent €28.4 billion on imports of green energy products […]
EU agri-food trade shows strong growth in 2022
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 […]
Climate change adaptation: key to the future of EU agricultural imports
Stepping up European Union (EU) support for international adaptation, together with trade diversification are key actions the EU can take to lessen the impacts of climate change on agricultural trade, according to a European Environment Agency (EEA) briefing. limate change is projected to affect agriculture in Europe and around the globe, altering growing conditions, production […]