Russia has significantly increased the export of vegetable oils to the EU

Published Nov 23, 2022

Tridge summary

Russian exports of sunflower, safflower or cottonseed oil and their fractions to the European Union have seen a significant increase in the first nine months of 2022, reaching 71.7 thousand tons with a value of 103.6 million euros, a 533.7% increase in volume and 859.2% increase in value compared to the same period in 2021. The majority of these exports were transported by sea to the Netherlands, Italy, and Lithuania, experiencing substantial growth in imports from these countries. The most significant increase was observed in Lithuania, with a nearly fivefold increase in imports compared to the previous year, primarily in February and May.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russian exports of sunflower, safflower or cottonseed oil and their fractions (unrefined or refined) to the European Union in January-September 2022 amounted to 71.7 thousand tons in the amount of 103.6 million euros, while in the same period in 2021, 11.3 thousand tons (+533.7%) in the amount of 10.8 (+859.2%) The main volume of these products from the Russian Federation to the European Union in the reporting period was delivered by sea - 62.3 thousand tons, which is almost 87% of the total cargo flow. In January-September 2021, 8 thousand tons of sunflower, safflower or cottonseed oil and their fractions (+678%) were transported by sea from the Russian Federation to the EU. The largest batches of sunflower, safflower or cottonseed oil and their fractions for 9 months of this year were exported by the Russian Federation to the European Union in April (19.1 thousand tons, while in April 2021 - 53 tons, + 3511%) and in March (30 .3 thousand tons, +3467%). The European Union bought ...

Source: Oilworld