In 2023, Germany led Europe in the oilseeds trade balance, notably benefiting from a slight growth. While the Netherlands and Belgium experienced declines, Italy showed significant improvement with a nearly 7% rise. Countries like Iceland experienced the highest growth rate at over 24%, despite its smaller volume. Meanwhile, Romania possessed the largest trade deficit.
Future trends to watch involve geopolitical factors affecting trade policies, climate impacts on crop production, and technological advances in agriculture. Monitoring shifts in the EU agricultural policy and potential recovery in countries with deficits is essential for assessing long-term changes in the European oilseeds trade balance.
Top countries in Oilseeds Trade Balance by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 10,200 | 2023 | +1.9% | +0.51% | View data |
| 2 | 2 Netherlands | 4,480 | 2023 | -0.27% | -0.59% | View data |
| 3 | 3 Spain | 4,120 | 2023 | +0.76% | +0.84% | View data |
| 4 | 4 Italy | 2,710 | 2023 | +2.01% | +6.94% | View data |
| 5 | 5 Belgium | 2,380 | 2023 | +1.35% | -2.87% | View data |
| 6 | 6 Portugal | 1,770 | 2023 | +1.19% | +1.29% | View data |
| 7 | 7 United Kingdom | 1,120 | 2023 | +1.95% | View data | |
| 8 | 8 France | 861.75 | 2023 | +4.89% | View data | |
| 9 | 9 Norway | 472 | 2023 | +0.21% | +2.02% | View data |
| 10 | 10 Austria | 420.33 | 2023 | -1.02% | +1.33% | View data |
