Lower apple exports to Egypt are important for the entire EU

Published 2022년 10월 24일

Tridge summary

The European Union has experienced a 15% decrease in apple exports to Egypt in August and September due to trade issues, with Belarus and especially Egypt being the main concerns. This decline is also attributed to a drop in global apple imports, including Italian apples, and higher sea transport costs from countries like Chile, South Africa, and New Zealand. Despite these challenges, the EU's apple trade maintains a positive annual balance, with exports being 700,000 tons higher than imports in recent years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Problems in trade in Egypt result in lower apple exports from the EU. Nevertheless, far fewer apples from the world came to the Community, which is good news. In August and September, the European Union exported fewer apples than in the same months of last season. The main reason is the problems in trade with Belarus and Egypt. Let's not forget that a lot of Italian apples also went to Egypt. Problems in the grain market are reflected in the lower volumes of apples purchased by Egyptian importers, which we see in the chart below. Thus, year-on-year exports were lower by 15%. As a curiosity, it is worth adding that if we only added last year's exports from Poland to Egypt to the data below, the total export result for August and September would be higher than last year's. However, the import of apples to the European Union shrank more by percentage. In August and September, almost 1/3 less fruit came to the Community. These include the aftermath of more expensive sea transport from ...
Source: Sad24

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