In 2022, the value of trade (imports plus exports) of agricultural products between the EU and the rest of the world reached €424.7 billion, €77.5 billion more than in 2021 (€347.2 billion). The EU exported €229.1 billion worth of agricultural products and imported €195.6 billion, generating a surplus of €33.5 billion, Eurostat, the statistical office of the European Union announced.
Between 2002 and 2022, EU trade in agricultural products close to tripled (from €141.5 billion to €424.7 billion), equivalent to an average annual growth of almost 5.6%. In this period, exports grew faster (5.9%) than imports (5.4%).
UK and Brazil: biggest export and import partners
In terms of export partners, the United Kingdom was the main partner with a 21% share of extra-EU exports of agricultural products (equivalent to €47.8 billion), followed by the United States (13%; €29.0 billion), China (7%; €15.2 billion), Switzerland (5%; €11.5 billion), Japan (4%; €8.3 billion) and Russia (3%; €7.0 billion).
Extra-EU imports originated mostly from Brazil (10%; €19.9 billion), the United Kingdom (8%; €16.4 billion), Ukraine (7%; €13.1 billion), the United States (6%; €12.3 billion), China (almost 6%; €10.8 billion) and Norway (5%; €9.3 billion).
