Agri-food imports from Brazil increase by 47%
- EU Regulation
- December 27, 2022
- No Comment
EU agri-food exports have been increasing since the beginning of the year, and reached €20.9bn in September.
Meanwhile, the value of EU imports was €15.6bn in September, which resulted in another positive trade balance for the EU at €5.8bn.
It is also the highest value in 2022, according to the latest monthly agri-food trade report published by the European Commission.
In value terms, EU agri-food exports increased by 3.1% compared with August 2022.
The increase in exports was largely driven by higher volumes of cereals preparations, wine, and mixed food preparations being shipped, notably to the UK.
Overall, the most significant changes observed were exports to China (up 18%), the UK (up 7%), and the US (up 5%).
In September 2022, EU exports of protein crops and fruit (apples, pears, peaches) to the Middle East/North Africa region and to Sub-Saharan Africa increased significantly, while exports of wheat declined.
In September, the EU continued to import mostly from Brazil (€1.9bn), Ukraine (€1.4bn), and the UK (€1.3bn).
Since January, imports from Brazil have increased by 47% compared to the same period in 2021.
Imports from Ukraine increased by 76% while imports from the UK increased by 33%.
The EU has imported soya beans, coffee, soya meals, and maize from Brazil.
The top products imported from Ukraine are maize, sunflower oil, sunflower seeds, and rapeseed.
Over the period from January to September, EU oilseeds and protein crop imports remain at the highest value (up 42% compared to 2021), followed by fruit and nuts ( up 8% compared to 2021) and coffee, tea, cocoa and spices (up 33% compared to 2021).
The EU is cracking down on the importation of beef and other products that are linked to deforestation.
The EU regulation on deforestation-free supply chains, once adopted and applied, will ensure that a set of key goods placed on the EU market will no longer contribute to deforestation and forest degradation in the EU and elsewhere in the world.
When the rules come into force, all relevant companies will have to conduct strict due diligence if they place on the EU market or export from it: cattle; palm oil; soy; coffee; cocoa; timber; and rubber, as well as derived products like beef, chocolate, and furniture.
These commodities have been chosen on the basis of an impact assessment identifying them as the main drivers of deforestation due to agricultural expansion.