Russia has significantly increased grain supplies to the EU

Currently, Russia is again on the list of the largest grain exporters to European countries, having returned to the positions it previously occupied.

According to Eurostat, this September the Russian Federation sent about 180 thousand tons of grain to European countries. This is a fairly high result, comparable to what was before the spring of 2022.

Currently, Russia is in fourth place on the list of countries that most actively sell grain to Europe.

Currently in first place is Ukraine, which supplied about 1.2 million tons of grain to EU countries.

However, supplies from there are rapidly declining: over the year they fell by 25%.

This is largely due to the fact that many countries, for example Poland, deliberately protect their markets from Ukrainian grain entering them in order to protect their own producers.

In second place in the list of the largest countries that export their grain to Europe isBrazil.

It supplied about 1.1 million tons of grain to European countries, and here we see an increase of 1.8 times during the year.

Third place by a large margin belongs to Turkey.

Its supply volume to European countries amounted to approximately 204 thousand tons, while the result remained virtually unchanged (+4%).

The fourth place, as already mentioned, belongs to Russia.

The result of 180 thousand tons means that supply volumes increased by 22% during the month and by as much as 10 times over the past year.

Thus, we can truly say that Russia managed to restore supplies to almost full volume, returning to the level at which it was at the beginning of last year.

Fifth place in the list of largest grain suppliers to the European Union went to Canada. Its supplies are less than those of Russia: 139 thousand tons, and we see that over the year this figure has dropped by about 30%.

What does Russia supply to Europe today?

 

In addition to grain, a significant share of supplies comes from oil and gas, as well as metals and fertilizers.

At the same time, fertilizers are one of the few export items whose supply volumes, like grain, have returned to pre-2022 levels.

For example, at the end of 2021, the European Union imported about 27% of all fertilizers from the Russian Federation; a year ago this figure dropped to 17%, but currently it is again 27%.

In general, in January-September this year, Russian exports to Europe fell to $65 billion, which is a drop of more than 70%.

At the same time, Russian imports from Europe also decreased: they fell by 10%, to $60 billion.

Thus, for the first time in a long time, exports and imports are at approximately the same level.