Serbia is third-biggest sunflower oil supplier of EU

In the first quarter of 2023, Serbia was the third-biggest supplier of sunflower oil to the European Union, taking over the position that Russia had before the outbreak of the war in Ukraine.

At the same time, Ukraine confirmed its position as a key exporter of sunflower oil to the EU, while Moldova was in second place

In the first three months of this year, sunflower oil was Ukraine’s main export product to the EU, with a share of 86 percent of imports, according to the latest data from Eurostat, the EU’s statistical service.

Moldova has a share of five percent in European edible oil imports this year, while Serbia is in third place with four percent, the same as in 2022.

Since the beginning of the year, Ukraine has maintained its leading position in maize exports to the EU too, with a share of 71 percent in EU imports.

In the same period, the EU did not import sunflower oil from Russia, which was in third place last year with a 6% share.

In June of last year, due to the Russian invasion of Ukraine, Brussels temporarily suspended customs duties on the import of Ukrainian products.

Ukraine also increased its export of soybean oil to the EU.

(Biznis i Finansije, 31.05.2023)

This post is also available in: Italiano

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