The United States is Europe's main soya beans supplier with imports up by 121%
New figures released by the European Commission yesterday, show that imports of U.S. soya beans by the European Union increased by 121% over the current market year (July 2018 to mid-April 2019), compared to the same period in the previous year.
With a share of 72% of EU soya beans imports, the U.S. is the Europe's number one supplier. Conversely, Europe is the top destination of U.S. soya beans exports with 22%, followed by China (18%) and Mexico (9%).
Increasing trade in a number of areas and products, including soya beans, was one of the Joint Statement's objectives, as agreed between Presidents Juncker and Trump on 25 July 2018. The European Commission is following up on its commitment and has been regularly publishing figures on EU imports of soya beans from the United States. Yesterday marked the fifth update report on trade of soya beans with the U.S.
Yesterday's report shows that:
- Compared to the first 42 weeks of the 2017/2018 marketing year (from July to mid-April), in the current market year EU imports of soya beans from the U.S. are up by 121% at 8,244,594 tonnes;
- In terms of the EU's total imports of soya beans, the U.S. share is now at 72%, compared to 36% in in the same period last year. This puts the U.S. well ahead of Brazil (21%), the EU's second main supplier, followed by Ukraine (2.3%), Canada (1.8%) and Paraguay (0.7%).
In January 2019, the Commission concluded that U.S. soya beans meet the technical requirements to be used in biofuels in the EU, a decision that creates the conditions for these exports to grow further by expanding its market opportunities in Europe.
The United States is also the most important origin for EU agri-food imports in general. The latest figures show that from February 2018 to January 2019, the value of agri-food imports from the U.S increased by 14%. This represents an increase in value of €1.5 billion, mainly due to the increase in imports of soya beans, soya bean oilcakes and several other products.
The EU imports about 14 million tonnes of soya beans per year as a source of protein to feed our animals, including chicken, pigs and cattle, as well as for milk production. Soya beans from the U.S. happen to be a very attractive feed option for European importers and users thanks to their competitive prices.
The data included in the report published yesterday on soya beans, comes from the Crops Market Observatory which the European Commission launched in July 2017 to share market data and short-term analysis to ensure more transparency.
For more information
Latest News from
General Data Protection Regulation: one year on23/05/2019 16:37:00
On 25 May 2019, the General Data Protection Regulation will celebrate its first year of entry into application. To mark the occasion, Andrus Ansip, Vice-President for the Digital Single Market and Věra Jourová, Commissioner for Justice, Consumers and Gender Equality, issued a statement.
Fairness in the food supply chain: EC proposes to increase price transparency23/05/2019 15:25:00
Having banned unfair trading practices and improved producer cooperation, the EC is presenting the third element to improve fairness in the food supply chain by introducing greater transparency in the way prices are reported throughout the chain.
How to measure the condition of Europe's ecosystems?23/05/2019 14:37:00
The European Environment Agency’s (EEA) new analysis looks at how to measure the condition of Europe’s natural capital and provides a first overview of the state & trends of Europe’s ecosystems. The report also highlights the need for better data on the condition of ecosystems in Europe.
Young people and the future of work: Council conclusions23/05/2019 13:25:00
The Council has adopted conclusions on young people and the future of work. The conclusions highlight insecurity, the lack of social protection and precarious working conditions as the main problems facing young people in the current and future labour environment.
Roll-out date for safer, more aerodynamic lorry cabs confirmed by Council23/05/2019 12:37:00
Lorries with rounder cabin noses are set to make their way onto European roads from 1 September 2020, as the Council today signed off on the earlier introduction of the safer and greener design.
Council adopts remaining files on electricity market & Agency for the Cooperation of Energy Regulators23/05/2019 12:07:00
The EU has completed the overhaul of its energy policy framework, which provides the regulatory preconditions for the transition to clean energy and sets the EU on the path towards achieving its Paris Agreement commitments.
EC welcomes Council final adoption of new rules on single-use plastics to reduce marine plastic litter22/05/2019 16:37:00
The Council of the EU has adopted the ambitious measures proposed by the EC to tackle marine litter coming from the 10 single-use plastic products most often found on European beaches, as well as abandoned fishing gear and oxo-degradable plastics.
escEU: EU establishes initial firefighting fleet for next forest fire season22/05/2019 15:25:00
To prepare for the risk of forest fires during the upcoming summer, the EC has launched the first fleet of firefighting aircraft under the new rescEU system to tackle natural disasters.
European Border and Coast Guard: Launch of first ever joint operation outside the EU22/05/2019 13:43:00
The European Border & Coast Guard Agency, in cooperation with the Albanian authorities, is launching the first ever joint operation on the territory of a neighbouring non-EU country.
EU adopts new rules on fertilisers22/05/2019 12:25:00
The Council has adopted a regulation which harmonises the requirements for fertilisers produced from phosphate minerals and from organic or secondary raw materials in the EU, opening up new possibilities for their production and marketing on a large scale.