Analysis of Foreign Trade with Cereals in The European Union in the Context of Sustainable Development
Analysis of Foreign Trade with Cereals in The European Union in the Context of Sustainable Development

Author(s): Claudiu Tudorache
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, Supranational / Global Economy, Business Economy / Management, Agriculture, Sociology, Economic policy, International relations/trade, Evaluation research, Economic development, EU-Approach / EU-Accession / EU-Development
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: import; export; trade balance; sustainable development; cereals
Summary/Abstract: In the last period the grain market in the European Union has been tested, the invasion of Russia inUkraine has affected foreign grain trade in various ways. Ukraine is one of the largest producers ofcereals and oleaginous seeds, with the invasion of Russia, the ports of Ukraine on the Black Seawere blocked, it had to be a land alternative, being the majority of cereals produced by Ukraine,through the countries of Poland, Slovakia, Hungary and Romania (all being EU member states withrelevant agricultural activity). In the study carried out, the foreign trade with cereals in the EuropeanUnion will be analyzed in the context of sustainable development, imports, exports and the tradebalance of cereals will be analyzed in the context of an agriculture that tends from year to year to bemore sustainable, more sustainable with environment. Recently, in the European Union, most agriculturalholdings have taken important steps to become more sustainable, they have made investmentsin the latest generation technologies to reduce the degree of chemistry as well as to reduce theconsumption of fossil fuels. Through the analysis carried out, it is desired to provide an overview offoreign grain trade in the wake of the emerging imbalances, but also in the context of sustainabledevelopment. Globally, in 2023 – 2024 world grain trade is forecast to decline by around 1.8% from2022 – 2023, with export forecasts increasing for Turkey and Ukraine, but weaker export prospectsfor the European Union. This paper aims to analyze the external trade in cereals in the EuropeanUnion in the period 2004 – 2023, a period of many legislative and operational changes in the agriculturalsector in the European Union. The external trade (which includes the value of imports, exportsand the trade balance) will be correlated with a number of agricultural indicators such as chemicalfertilizer consumption, greenhouse gas emissions and certified organic areas in order to observethe state of EU agriculture in the context of the transition towards sustainable agriculture by reducingthe use of chemical fertilizers.

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